Engineering

3.6 Consolidated financial statements Notes to the consolidated financial statements
The assets and liabilities of the discontinued operations as of
September 30, 2011 are presented in the following table:
million €
Sept. 30,
2011
Other intangible assets 20
Property, plant and equipment 1,805
Investment property 12
Investments accounted for using the equity method 15
Other financial assets 2
Other non-financial assets 3
Deferred tax assets 110
Inventories 1,801
Trade accounts receivable 631
Other current financial assets 59
Other current non-financial assets 87
Current income tax assets 15
Cash and cash equivalents 65
Assets held for disposal 4,625
Accrued pension and similar obligations 271
Other non-current provisions 104
Deferred tax liabilities 118
Non-current financial debt 61
Other non-current non-financial liabilities 1
Other current provisions 48
Current income tax liabilities 9
Current financial debt 156
Trade accounts payable 1,356
Other current financial liabilities 212
Other current non-financial liabilities 135
Liabilities associated with assets held for disposal 2,471
Year ended September 30, 2010
In April 2010 the disposal of parts of the Marine Systems business
area has been initiated as part of the portfolio optimization program.
The transaction comprises on the one hand of the disposals of the
Blohm + Voss Naval GmbH in the context of the formation of a 50:50
joint venture for the design and program management of naval vessels
and on the other hand of the 100% disposal of Blohm + Voss
Shipyards GmbH, operating in shipbuilding in particular of premiumsegment
yachts, and of an 80% stake in each of Blohm + Voss Repair
GmbH and Blohm + Voss Industries GmbH, both engaged in ship
repairing and the manufacturing of components. Additionally, the
construction capacities for civil ship construction of former HDW
Consolidated financial statements
150 | 151
Gaarden will be disposed of. In the context of the initiated disposal an
impairment loss of €6 million on property, plant and equipment
resulting from the write-down of the assets to fair value less costs to
sell were recorded in cost of sales. With regard to the amounts that will
be finally deconsolidated after the consummation of the transaction,
the amounts presented in the following table as of September 30,
2010, are only preliminary:
million €
Goodwill
Sept. 30,
2010
120
Other intangible assets 11
Property, plant and equipment 51
Other non-current financial assets 7
Deferred tax assets 10
Inventories 48
Trade accounts receivable 58
Other current financial assets 24
Other current non-financial assets 69
Cash and cash equivalents 288
Assets held for sale 686
Accrued pension and similar obligations 125
Other non-current provisions 7
Deferred tax liabilities 29
Other non-current financial liabilities 4
Other current provisions 51
Current income tax liabilities 4
Current financial debt 12
Trade accounts payable 55
Other current financial liabilities 2
Other current non-financial liabilities 216
Liabilities associated with assets held for sale 505
End of September 2010, the Group initiated in Spain the disposal of
the ThyssenKrupp Xervon S. A in the Materials Services business area.
The company provides industrial services with insulation and
scaffolding. In the context of the initiated disposal an impairment loss
of €2 million on goodwill was recognized in other operating expenses
and an impairment loss of €1 million on property, plant and equipment
was recognized in cost of sales, both resulting from the write-down of
the assets to fair value less costs to sell. The assets and liabilities of
the disposal as of September 30, 2010 are presented in the following
table: