Annual Report

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Astarta Holding N.V.Astarta Holding N.V. Consolidated financial statements as at and for the year ended 31 December 2011Recognised fair value at acquisition(in thousands of Euros)namedafterSuvorovKhorolskiycombinedforagefactoryLan-MnamedafterVatutinnamedafterVorovskiyNovoivanivskiysugarplantZarichyaKumanivskeZbruch Stetkivtsi TotalNon-current assetsProperty, plant and equipment 144 495 95 526 348 7,462 104 201 145 559 14,044Construction in progress 32 5 3 43 1 300 - 7 - - 569Non-current biological assets 130 - - - 206 - - 45 - - 953Intangible assets 214 1 82 570 415 665 195 209 61 189 4,826Current assetsInventories 36 6 1 912 500 2,403 - 81 7 - 5,344Current biological assets 950 - 91 1,711 152 - - 150 144 - 6,384Trade accounts receivable 7 - - 8 6 259 5 - - 56 477Other accounts receivable andprepayments 31 4 19 75 44 2,529 - 4 1 - 3,625Cash and cash equivalents 1 14 - 15 3 30 - 5 3 - 1,157Non-current liabilitiesNon-controlling interest - (32) - (520) - - - - - - (653)Long-term loans and borrowings - - - - (18) - - - - - (18)Other long-term liabilities (78) (3) - (419) (17) - - (133) - (99) (1,170)Deffered tax liabilities - - - - - (1,004) - - - - (1,004)Current liabilitiesShort-term loans and borrowings - - - - (157) - - (22) - - (179)Trade accounts payable - - (36) (47) (209) (1,340) (79) (40) (30) (46) (2,826)Other liabilities and accounts payable (288) (80) (29) (794) (163) (6,927) - (26) (6) - (10,284)Net identifiable assets, liabilities andcontingent liabilities 1,179 410 226 2,080 1,111 4,377 225 481 325 659 21,245Non-controlling interest - - - - - (250) - - - - (250)Excess of net assets acquired overconsideration paid 569 - 86 1,453 483 3,249 216 50 213 659 12,582Goodwill on acquisition - (135) - - - - - - - - (336)Consideration paid (610) (545) (140) (627) (628) (878) (9) (431) (112) - (8,749)Cash acquired 1 14 - 15 3 30 - 5 3 - 1,157Net cash outflow (609) (531) (140) (612) (625) (848) (9) (417) (109) - (7,583)95
Astarta Holding N.V.Consolidated financial statements as at and for the year ended 31 December 2011During 2010, the Group completed acquisitions of 11 entities. The purchase consideration consistedonly of cash, and the direct costs related to these acquisitions were not significant.NameCountry ofincorporationActivityDate ofacquisition% of ownership asat the date ofaquisitionLLC “Goropayivske” Ukraine Agricultural 11.02.2010 84.98%LLC “Zaricha-agro” Ukraine Agricultural 10.03.2010 99.98%LLC “Varovetske” Ukraine Agricultural 01.04.2010 74.99%LLC “Aina” Ukraine Agricultural 02.04.2010 99.98%LLC “Kobeliatsky combined foragefactory”UkraineFodderproduction 17.05.2010 97.26%LLC “named after Ostrovsky” Ukraine Agricultural 18.08.2010 74.99%LLC “Nadiya” (Ternopylskiy region) Ukraine Agricultural 29.09.2010 99.98%SC “APC Agro-Kors” Ukraine Agricultural 12.10.2010 99.98%PAC “Nove zhytiya” Ukraine Agricultural 10.11.2010 99.98%LLC “Volodarka and co” Ukraine Agricultural 22.11.2010 99.98%LLC “Lan” Ukraine Agricultural 02.12.2010 99.98%The acquisition of these companies during 2010 had the following effect on assets and liabilities,which are stated at their fair values, as at the date they were acquired:96
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Viktor Ivanchyk, ASTARTA Holding N.
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