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note 38. Business combinations
2010
Date of
acquisition
share of
capital Operation
Directinet SA/Netcollections SAS 06/01/2010 100.0% Leading provider of online direct marketing solutions in France.
Bilfakta Sverige AB 01/04/2010 100.0% Owner of Sweden's largest database of automotive information.
Yritystelse Oy (asset deal) 08/10/2010 100.0% B2B online business information and search operation in Finland.
Purchase price Directinet/
Netcollections
57
Other
acquisitions Total
Cash paid 85,070 9,907 94,977
Contingent purchase consideration paid 108,301 108,301
Utilisation of contingent purchase consideration -111,053 -111,053
Total 85,070 7,155 92,225
Fair value of acquired net assets -6,959 13,201 6,242
Total Goodwill 78,111 20,356 98,467
Cash flow effect Directinet/
Netcollections
Other
acquisitions Total
Cash paid 85,070 9,907 94,977
Contingent purchase consideration paid 108,301 108,301
Cash and cash equivalents in acquired subsidiaries -11,502 1,983 -9,519
Change in cash and cash equivalents 73,568 120,191 193,759
Supplementary information
Revenue since acquisition date 121,156 7,911 129,067
Revenue in 2010 121,156 8,537 129,693
Profit before tax since acquisition date -4,269 -575 -4,844
Profit before tax in 2010 -4,269 -1,859 -6,128
Acquisition-related costs 740 740
Fair value of acquired assets
and liabilities
Directinet/Netcollections Other acquisitions Total
Carrying
amount
Fair
value
Carrying
amount
Fair
value
Carrying
amount
Assets
Intangible assets 2,115 2,115 2,420 2,420 4,535 4,535
Property, plant and equipment 2,082 2,082 573 573 2,655 2,655
Deferred tax assets 984 984 984 984
Inventories 35 35 35 35
Trade and other receivables 52,125 52,125 614 614 52,739 52,739
Cash and cash equivalents 11,502 11,502 -1,983 -1,983 9,519 9,519
Total assets 68,808 68,808 1,659 1,659 70,467 70,467
Liabilities
Other provisions 2,588 2,588 2,588 2,588
Tax liabilities 13 13 13 13
Trade and other payables 59,261 59,261 14,847 14,847 74,108 74,108
Total liabilities 61,849 61,849 14,860 14,860 76,709 76,709
Net identifiable assets and liabilities 6,959 6,959 -13,201 -13,201 -6,242 -6,242
The goodwill is attributable to the profitability of the acquired companies and the significant
synergies expected to arise following acquisition. All acquisition balances are preliminary.
Fair
value