Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
145
The value of the assets and liabilities of the St. Cuthberts companies at the acquisition date was as
follows:
Euro thousands
Fair Value
at September 14, 2016
Assets
6,822
Non-Current Assets
5,080
Intangible Assets
2,492
Property, Plant and Equipment
2,588
Current Assets
1,742
Inventories
1,070
Trade and Other Receivables
494
Cash and Cash Equivalents
177
Non-Current and Current Assets Held-for-Sale
0
Liabilities and Equity
6,822
Equity
5,058
Non-Current Liabilities
913
Non-Current Financial Liabilities
61
Deferred Tax Liabilities
852
Current Liabilities
851
Current Financial Liabilities
82
Current Tax Payables
179
Trade and Other Payables
590
Non-Current and Current Assets Held-for-Sale
0
Note: The figures are converted at the exchange rate at September 14, 2016.
As per IFRS 3, “Core Business Revenue” and the “Result for the year” of the companies acquired -
which contributed to the F.I.L.A. Group consolidated financial statements from their acquisition date to
December 31, 2016 - in addition to the relative pro forma figures for the entire year, are reported
below.
Euro thousands
2016
2016
Proforma
Core Business Revenue
1,611
3,162
Net Profit
310
405
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
146
Canson Group
On October 5, 2016, F.I.L.A. S.p.A. fully acquired the Canson Group and held Hamelin Group.
From October 5, 2016, the companies of the Canson Group were consolidated in the financial
statements of the F.I.L.A. S.p.A. Group under the “line by line” method and at December 31, 2016
contributed to the result only the profits/loss for the period between October 5, 2016 and December
31, 2016.
The full acquisition of the Canson Group resulted in a total payment of Euro 100.5 million, of which
Euro 43 million for the shares held and Euro 41.9 million for redemption of the loans with the
Hamelin Group, in addition to Euro 15.6 million in January 2017 for the price adjustment on the basis
of the audited completion accounts, as established under the acquisition contract.
F.I.L.A. S.p.A. incurred costs related to the acquisition of Euro 4.3 million for legal expenses and due
diligence costs. These costs were included in the “Services and Rent, Leases and Similar costs”
account of the condensed statement of comprehensive income.
F.I.L.A. S.p.A. utilised a leading consultancy firm for application of the “Purchase Price Allocation”
method to the Business Combination involving the Canson Group. The allocation of the purchase
value of the Group concluded by December 31, 2016 and resulted in goodwill of Euro 30,566
thousand.
A
61,035
B
2,399
(C) = (A - B)
58,636
D
28,070
C - D
30,566
Value of F.I.L.A. S.p.A investment in Canson at October 5, 2016
Differential between acquisition value of the investment and net book value of Canson companies (Goodwill) at
October 5, 2016
Consultancy charges capitalised in F.I.L.A. S.p.A. separate fin. statements and expensed in consol. fin. statements
Acquisition price of investment net of consultancy charges (
Fair Value )
Value of Equity of Canson companies at October 5, 2016
The goodwill deriving from the acquisition principally concerns the skills and know-how of the
personnel of the acquired group, in addition to synergies from the integration of the company
acquired.
Consolidated Financial Statements of the F.I.L.A. Group
Separate Financial Statements of F.I.L.A. S.p.A.
147
The value of the consolidated assets and liabilities of the Canson Group at the acquisition date was as
follows:
Euro thousands
Fair Value
at October 5, 2016
Assets
105,640
Non-Current Assets
57,450
Intangible Assets
33,933
Property, Plant and Equipment
16,846
Non-Current Financial Assets
1,880
Deferred Tax Assets
4,791
Current Assets
48,190
Current Tax Assets
143
Inventories
19,393
Trade and Other Receivables
18,762
Cash and Cash Equivalents
9,891
Other Current Assets
Non-Current and Current Assets Held-for-Sale
0
Liabilities and Equity
105,640
Equity
28,070
Non-Current Liabilities
23,733
Non-Current Financial Liabilities
2,953
Employee Benefits
4,869
Deferred Tax Liabilities
15,911
Current Liabilities
53,837
Current Financial Liabilities
39,647
Provisions for Risks and Charges
477
Current Tax Payables
387
Trade and Other Payables
13,326
Other current liabilities
Non-Current and Current Assets Held-for-Sale
0
Note: The figures are converted at the exchange rate at October 5, 2016
As per IFRS 3, “Core Business Revenue” and the “Result for the year” of the companies acquired -
which contributed to the F.I.L.A. Group consolidated financial statements from their acquisition date to
Dostları ilə paylaş: |