C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb
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Geographical Information<br />
Geographical information for the Company is provided below. Revenues are based on the shipping location of the<br />
customer while non-current assets are based on the physical location of the assets.<br />
2010 2009<br />
Non-current<br />
Non-current<br />
Revenues<br />
assets Revenues<br />
assets<br />
Germany 218,623 95,943 187,101 103,673<br />
US 171,079 48,040 142,238 40,059<br />
Canada 8,779 6,711 4,562 6,746<br />
UK 43,026 21,822 30,088 19,974<br />
Brazil 44,277 31,687 28,341 28,523<br />
France 46,417 17,250 37,576 17,909<br />
Norway 34,595 3 42,373 –<br />
Italy 44,403 – 39,131 –<br />
China 96,012 3,927 110,968 3,985<br />
Japan 28,201 – 17,895 23<br />
Mexico 15,981 19,588 9,983 18,305<br />
Russia 16,218 7 16,725 –<br />
Austria 25,862 74 19,104 –<br />
Belgium 18,943 27 9,705 29<br />
Other Countries 178,079 25,907 171,657 12,029<br />
Total 990,495 270,986 867,447 251,255<br />
Non-current assets for this purpose consist of property, plant and equipment, intangible assets and other<br />
non-current assets.<br />
5. Acquisitions<br />
Acquisition of additional shares of Graphit Kropfmühl<br />
On December 22, 2010 the Company acquired additional<br />
shares in Graphit Kropfmühl. The acquisition of shares<br />
caused the ownership percentage to increase from<br />
79.5% to 88.0%. The Company chose to measure the noncontrolling<br />
interest (”NCI”) at its proportionate share of<br />
the recognized amount of the GK’s net identifiable assets<br />
at the acquisition date. This methodology is allowed as per<br />
IFRS 3R.19. Upon obtaining additional ownership interests,<br />
no additional goodwill was recognized and the transaction<br />
was measured as an equity transaction.<br />
The following is the calculation of the equity transaction:<br />
Non-controlling interest at December 22, 2010 4,502<br />
Transfer to AMG (8.5%) 1,861<br />
12% interest carried forward 2,641<br />
Adjustment to equity:<br />
Fair value of consideration 1 6,431<br />
Change to NCI (as per above) 1,861<br />
Dilution in AMG equity from purchase of NCI 4,570<br />
1 calculated as 575,529 AMG shares issued * 18.50 per share<br />
94 Notes to Consolidated Financial Statements<br />
Acquisition of solar silicon cast technology<br />
On December 20, 2010, the Company acquired intellectual<br />
property and manufacturing assets related to the<br />
<strong>Mo</strong>no2 suite of solar casting technologies from BP Solar<br />
for $4,000. In addition to acquiring intellectual property<br />
and equipment, an experienced team of scientists and<br />
engineers with significant expertise in silicon casting<br />
were transferred to AMG. AMG will continue research and<br />
development activities, using manufacturing operations<br />
at the BP Solar facility in Frederick, Maryland USA. This<br />
acquisition does not qualify as a business combination<br />
since operational assets and intellectual property were<br />
acquired rather than an existing business. Therefore, this<br />
purchase is being accounted for as an asset acquisition.<br />
The purchase price was allocated as follows based on the<br />
relative fair values at the date of purchase:<br />
Equipment<br />
<strong>Al</strong>located<br />
Value<br />
3,600<br />
Inventory 300<br />
Patents 100<br />
Total acquired 4,000