IMMOEAST Annual Report 2006/07

146 IMMOEAST Annual Report 2006/07
the Jandarmeriei property. This project comprises the development of an office complex and residential complex in
the north of Bucharest.
The following table shows the acquired assets and liabilities at fair value as well as the consolidated proportional
share of net assets at the individual company level as of the balance sheet date and the income statements of the
companies for the period from the acquisition date to the balance sheet date, which are included in the consolidated
financial statements:
Segment SEE
Location of property Romania
S.C. Almera. S.C. Meteo. S.C. Stupul
Company New Capital s.r.l Business Park s.r.l de Albine s.r.l.
Date of initial consolidation 13.7.2006 27.7.2006 27.7.2006
All amounts in TEUR
Cash and cash equivalents 0.0 2,377.1 1,525.7
Receivables and other assets 0.0 172.4 9,017.2
Deferred tax assets 0.4 11.6 14.9
Property 204.5 9,849.6 0.0
Financial liabilities -88.0 -4,797.9 -4,102.0
Trade accounts payable 0.0 -46.1 -42.5
Other liabilities -120.8 -3,669.9 -3,560.9
Deferred tax liabilities 0.0 -663.5 -499.0
Currency translation adjustment -0.2 -198.5 -149.5
Acquired net assets -4.2 3,034.7 2,203.9
(Negative) goodwill 4.2 1,472.0 1,195.0
Purchase price paid in cash 0.0 4,506.7 3,398.8
Less cash and cash equivalents acquired 0.0 -2,377.1 -1,525.7
Net purchase price for property company 0.0 2,129.6 1,873.1
All amounts in TEUR 30 April 2007
Property 4,467.6 29,951.5 0.0
Other non-current assets 19.4 1,548.3 1,236.7
Current assets 969.1 1,745.5 10,389.0
Non-current liabilities -1,261.1 -3,798.4 -509.5
Current liabilities -1,076.2 -4,978.4 -4,315.8
Proportional share of net assets 3,118.8 24,468.4 6,800.5
All amounts in TEUR 2006/07
Revenues 0.0 0.0 0.0
Revaluation 0.0 19,084.7 0.0
Operating profit (EBIT) -384.3 19,105.5 35.1
Financial results 32.7 -45.1 -34.1
Income taxes 18.6 -3,021.0 0.9
Net profit for the period -333.0 16,039.3 1.8