TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

TDC Group Annual Report 2011
Assets and liabilities at the time of acquisition 1 DKKm
Fair value at the
time of acquisition
Intangible assets 107
Property, plant and equipment 77
Inventories 1
Cash 17
Deferred tax assets/(liabilities), net (20)
Income tax receivable/(payable), net (1)
Short-term debt (34)
Acquired net assets 147
Goodwill 231
Acquisition cost 378
Cash in acquired subsidiaries (17)
Fair value of previously held equity interests (19)
Change in unpaid share of acquisition cost (56)
Net cash flow on acquisitions 286
1 Including immaterial adjustments regarding previous years’ acquisitions.
The acquired enterprises contributed DKK 344m to revenue
and DKK 6m to Profit for the year in 2010.
Calculated as though the acquisitions took place at 1
January 2010, the acquired enterprises would have
contributed DKK 359m to revenue and DKK 6m to Profit for
the year.
Goodwill related to acquisitions was calculated at DKK
231m on recognition of identifiable assets, liabilities and
contingent liabilities at fair value. Goodwill represents the
value of current employees and know-how as well as
expected synergies arising from the combination with TDC.
Note 31 Divestment of enterprises DKKm
2011 2010
The carrying amount of assets and liabilities consists of the following at
the time of divestment:
Intangible assets 6 0
Net assets 6 0
Gain/(loss) on divestment of subsidiaries (4) 0
Received prepayments relating to divestment of subsidiaries 5 0
Net cash flow on divestment 7 0
In 2010, TDC divested Sunrise. The divestment of Sunrise is presented as discontinued operations. See note 12 for further
information.
156