ANNUAL REPORT 2008 | 2009 - SinnerSchrader AG

Consolidated Financial Statements of SinnerSchrader AGNotes51Table 1 | Purchase price allocation, newtention technologies GmbH in €Book valueFair valueAssets:Liquid funds – –Trade accounts receivable 65,081 65,081Other assets and prepaid expenses 632,809 632,809Accounted intangible and tangible assets 41,105 41,105Self-developed software – 1,400,000Liabilities and contingent liabilities:Trade accounts payable -266,060 -266,060Accrued expenses -82,869 -82,869Other liabilities -110,106 -110,106Loans/Silent partner's interest -1,492,730 -122,000Deferred tax liability – -681,197Acquired net assets 01.12.2008, attributable to external shareholders -1,212,770 876,762Changes to net assets from 01.12.2008 to 31.05.2009,attributable to external shareholders -291,935Acquired net assets 31.05.2009 584,827Purchase price for newtention group 928,300Goodwill (preliminary residual amount) 343,473A positive difference (goodwill) from the acquisition in the amount of € 343,000 remains as the differencebetween the purchase price for the acquisition and the current value to be ascribed to the acquired net assetsafter deduction of the changes to net assets to be attributed to the external interests. The impairment test as ofthe balance sheet date of 31 August 2009 confirmed the value of the goodwill to be attributed to the InteractiveMedia segment.Since the date of the first consolidation, the consolidated revenues, operating result (EBITA), and consolidatedincome changed through the acquisition of the newtention group by € 173,000, € -522,000, and € -443,000,respectively. Of this, € 112,000, € -393,000, and € 292,000 was to be attributed to the external interests. Hadthe company merger taken place at the start of the 2008/2009 financial year, the consolidated revenues andincome would have amounted to € 27,904 and € 612,000, respectively.• next commerce GmbHnext commerce GmbH was founded on 20 May 2009 as a 100 % subsidiary of SinnerSchrader AG with the goalof establishing a new field of business, e-commerce outsourcing, which is reported in the Interactive Commercesegment.• spot-media groupspot-media AG and its subsidiary spot-media consulting GmbH have been included in the ConsolidatedFinancial Statements since 1 February 2008. The purchase price for the takeover of spot-media AG includesan earn-out component to be paid in the years 2009 to 2012 on the basis of the operating performance ofspot-media AG in the years 2008 to 2011. The first earn-out payment was made in February 2009. As of31 August 2009, the discounted value of the purchase price liability amounted to € 931,000, of which € 311,000was reported under current liabilities and € 620,000 under non-current liabilities. In the course of adjusting thepurchase price liability in the current financial year, the goodwill arising from the acquisition of spot-media AGincreased by € 199,000.