Financial Statements - Solvay

82
Solvay Global Annual Report 2008
Ajedium
On August 29, 2008, the Solvay group purchased assets from Ajedium Film Group LLC for a net cash outfl ow of EUR 8 million.
This is a business combination as the assets acquired constitute a business for the Solvay group.
The net assets acquired in the transaction and the resulting goodwill are:
EUR Million
Carrying
amount before
acquisition
Fair value
adjustments
Intangible assets 0 1 1
Tangible assets 1 0 1
Other investments 0 0 0
Deferred tax assets 0 1 1
Loans and other non-current assets 0 0 0
Non-current assets 1 2 3
Current assets other than cash and cash equivalents 1 0 1
Cash and cash equivalents 0 0 0
Current assets 1 0 1
Long-term provisions 0 0 0
Deferred tax liabilities 0 1 1
Long-term fi nancial debt 0 0 0
Non-current liabilities 0 1 1
Current liabilities 0 0 0
Net assets 2 1 3
Goodwill 5
Price paid at 31/12/2008 8
Bank balances and cash acquired 0
Net cash outlay on acquisition 8
Disposal of subsidiaries
EUR Million 2007 2008
Non-current assets 0 62
Current assets 0 58
Non-current liabilities 0 30
Current liabilities 0 19
Net assets 0 71
Gain (loss) on disposal 0 29
Total consideration received 1 0 100
Bank balances and cash disposed of 0 0
Net cash infl ow on disposal 0 100
1 not including any deferred payment.
The disposal of subsidiaries amounts to EUR 100 million and is mainly related to the sale of Solvay Engineered Polymers
for EUR 90 million.
Total