Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...

AMADEUS IT HOLDING, S.A. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEARS ENDED
DECEMBER 31, 2011, AND 2010
(EXPRESSED IN THOUSANDS OF EUROS - KEUR)
55
Perez Informatique S.A.
and subsidiaries
Purchase consideration 4,327
Equity in net assets acquired (2,553)
Excess Purchase Price 1,774
On June 1, 2010, the Group acquired a 100% participation of Perez Informatique,
S.A. and subsidiaries, which main activity is the development and sale of software
solutions for tour operators and travel agencies. The range of services provided
includes license sales, hosting, maintenance, installations and customisation of
software solutions and training. The majority of the revenues of the acquired
companies are obtained in France.
As of December 31, 2010, the purchase accounting for the combination of Perez
Informatique, S.A. and subsidiaries was completed. The table below sets forth the
amount of assets and liabilities recognized at the acquisition date, and those
identified after the measurement period finalized, together with the resulting goodwill:
Carrying
amounts at
acquisition date
Perez Informatique S.A. and subsidiaries
Fair Value
adjustments to
purchase value
Fair value of net
assets acquired
Goodwill (pre-existing) 1,214 (1,214) -
Intangible assets 229 1,525 1,754
Tangible assets 167 - 167
Other non-current assets 21 - 21
Total non–current assets
Total current assets 2,072 - 2,072
1,631
311
1,942
Deferred tax liabilities - 525 525
Total non–current liabilities
Total current liabilities 1,150 - 1,150
Net identifiable assets acquired 2,553 (214) 2,339
Total Purchase consideration 4,327 4,327
Goodwill resulting from the acquisition
The main identified intangible assets were the technology supporting the IT solutions
provided for tour operators and travel agencies and the contractual client relationship
with a range of travel agencies and tour operators Perez Informatique has in place.
The net loss contributed to the Group’s results of financial year ended December 31,
2010, by Perez Informatique, S.A. and subsidiaries was KEUR 280. The net loss that
-
1,774
525
525
1,988