TŽ Annual Report 2008 in pdf, 7.5 MB - Třinecké železárny

5.6. Accounting for Goodwill Arising on ConsolidationIn the year ended 31 December 2008, the Company changed the policy of valuing, depreciating and accounting for goodwill arising on consolidation, asdescribed in Note 3.15. For this reason, the Company recognised the aggregate balance of the negative goodwill on consolidation of CZK 262,445 thousandin income and the balance of the positive goodwill arising on consolidation of CZK 79,698 thousand in expenses.2008 (CZK thousand)Gross Correction Net Recognition Recognition in incomein expensesPositive goodwill arisingon consolidationH&S PROGRESS s.r.o 45 172 –25 634 19 538 24 603 –D 5, akciová společnost – – – 55 095 –Šroubárna Kyjov, spol. s r.o. 170 503 – 170 503 – –Total 215 675 –25 634 190 041 79 698 –Negative goodwill arisingon consolidationFERROMORAVIA, s.r.o. – – – – 16435VÁLCOVNA TRUB TŽ, a.s. – – – – 232 394Řetězárna a.s. – – – – 13616Total – – – – 262 4452007 (CZK thousand)Gross Correction Net Recognition Recognition in incomein expensesPositive goodwill arisingon consolidationH&S PROGRESS s.r.o. 45 571 –1 031 44 540 1 031 –Total 45 571 –1 031 44 540 1 031 –Negative goodwill arisingon consolidationFERROMORAVIA, s.r.o. –21 581 5 146 –16 435 – 1 080VVT-VÍTKOVICE VÁLCOVNA–261 852 29 486 –232 366 – 13 095TRUB, a.s.Řetězárna a.s. –25 243 11 599 –13 644 – 1 647Total –308 676 46 231 –262 445 – 15 8222006 (CZK thousand)Gross Correction Net Recognition Recognition in incomein expensesNegative goodwill arisingon consolidationFERROMORAVIA, s.r.o. –21 581 4 066 –17 515 – 1 079VVT-VÍTKOVICE VÁLCOVNA–260 534 16 394 –244 140 – 13 093TRUB, a.s.Řetězárna a.s. –25 242 9 949 –15 293 – 1 650Total –307 357 30 409 –276 948 – 15 8225.7. Securities and Equity Investments under Equity Accounting (CZK thousand)Securities and equity investments under equity accounting 2008 2007 2006VESUVIUS ČESKÁ REPUBLIKA, a.s. 86 390 88 213 97 471Sochorová válcovna TŽ, a.s. 334 929 288 447 215 939Total 421 319 376 660 313 4105.7.1. Pledged Securities and Equity Investments under Equity AccountingAs of 31 December 2008, 2007 and 2006, the Group carries no pledged non-current financial assets.90F I N A N C I A L P A R T