Financial Report 2003 (english) PDF • 287.26 KB - Kuoni Group

16
Annex
3. Acquisition / Sale of Consolidated Companies
2003 2003 2003 2002
CHF million acquired sold net net
Cash and cash equivalents 2.2 –18.2 –16.0 1.7
Time deposits and securities 0.2 –0.1 0.1 0.0
Other current assets 10.2 –66.1 –55.9 9.8
Tangible fixed assets 0.1 –8.3 –8.2 –1.6
Intangible assets 0.0 –0.8 –0.8 0.7
Goodwill 4.1 –45.0 –40.9 22.8
Financial assets 0.2 –17.2 –17.0 0.1
Short-term liabilities –14.7 58.5 43.8 –23.7
Long-term liabilities –0.3 17.9 17.6 4.7
Minority interest 0.0 1.1 1.1 –1.4
Gain from sale of subsidiaries –52.3 –52.3 0.0
Transfer to investments in associates 0.0 0.0 –1.5
Acquisition / Sales price 2.0 –130.5 –128.5 11.6
Cash and cash equivalents acquired / transferred –2.2 18.2 16.0 –1.7
Increase in equity holdings 2.8 2.8 5.7
Sales price not received yet 129.7 129.7 0
Net cash outflow 2.6 17.4 20.0 15.6
The increase in equity interests held in already fully consolidated companies did not result in any goodwill
(2002: CHF 4.4 million).
4. Information on Sale of Discontinuing Operations (BTI Central Europe)
Income Statement of Ordinary Activity
CHF 1000 2003 2002
Turnover / Gross profit 153 771 178 973
Personnel expense –105 469 –109 343
Marketing and advertising expense –2 157 –2 247
Other operating expense –34 035 –36 042
Depreciation –5 862 –6 310
Earnings before interest, taxes and amortisation of goodwill (EBITA) 6 248 25 031
Amortisation of goodwill –9 364 –9 070
Financial result –2 574 –2 349
Income taxes –3 337 –5 818
Minority interest –1 661 –1 938
Result after taxes –10 688 5 856
Sales Profit
CHF 1000 2003 2002
Gain from sale of discontinuing operations 52 798 0
Income taxes thereon –8 729 0
Gain from sale of BTI Central Europe, net of tax 44 069 0