No power train without Miba technology

(32) Events after the balance sheet date
Mergers
Effective March 31, 2010, Miba acquired the remaining shares (75.1 percent) of Teer
Coatings Ltd. in Droitwich, GB, a company which had been included in the Consolidated
Financial Statements on the basis of the equity method since July 2009. This company is
one of the world’s technology leaders in the area of PVD coatings. With the acquisition of
Teer Coatings, Miba expands its expertise and its portfolio in the area of highly specialized
surface coatings.
The provisionally identified fair value of the acquired assets and liabilities on the basis of
transaction rates are as follows:
Adjustments Provisionally
Carrying to fair identified
TEUR
Non-current assets
amounts
value fair value
Intangible assets 0 3,132 3,132
Property, plant and equipment 1,521 0 1,521
Other non-current assets 384 0 384
Current assets
1,905 3,132 5,037
Inventories 436 0 436
Receivables 889 0 889
Cash and cash equivalents 1,143 0 1,143
Non-current liabilities
2,468 0 2,468
Non-current interest-bearing liabilities
Current liabilities
423 0 423
Provisions 87 0 87
Liabilities 887 0 887
974 0 974
Net assets acquired 2,976 3,132 6,108
The transfer of carrying amounts to fair value which is depicted here was conducted in
accordance with IFRS 3 on the basis of preliminary figures.
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