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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

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