Financial Statements - Solvay

Alexandria Sodium Carbonate
On 17 October 2008, the Solvay group purchased 100 % of Alexandria Sodium Carbonate Co, a sodium carbonate
manufacturer located in Egypt, for a net cash outfl ow of EUR 107 million.
This acquisition is accounted for on a provisional basis, as not all information is available at year-end closing. Corrections
will be made at the quarter-end closing at the end of March 2009.
The net assets acquired in the transaction and the resulting goodwill are:
EUR Million
Carrying
amount before
acquisition
Fair value
adjustments
Intangible assets 0 0 0
Tangible assets 33 0 33
Other investments 0 0 0
Deferred tax assets 0 0 0
Loans and other non-current assets 0 0 0
Non-current assets 33 0 33
Current assets other than cash and cash equivalents 9 0 9
Cash and cash equivalents 1 0 1
Current assets 10 0 10
Long-term provisions 0 0 0
Deferred tax liabilities 0 0 0
Long-term fi nancial debt 0 0 0
Non-current liabilities 0 0 0
Current liabilities 2 0 2
Net assets 41 0 41
Goodwill 66
Price paid at 31/12/2008 107
Bank balances and cash acquired 0
Net cash outlay on acquisition 107
Total
Financial
81
Solvay Global Annual Report 2008
Financial