38. Cash flows for acquisition of subsidiaries
38. Cash flows for acquisition of subsidiaries
| In CHF'000 |
|
2008 Acquisitions |
2007 Acquisitions |
| Tangible fixed assets |
|
476 |
10 530 |
| Intangible fixed assets (excluding Goodwill) |
|
1 235 |
22 614 |
| Deferred income taxes |
|
137 |
431 |
| Financial assets and other non-current assets |
|
37 |
28 959 |
| Net working capital |
|
-236 |
-7 473 |
| Financial assets - short term portion |
|
- |
10 661 |
| Minority interests |
|
- |
-597 |
| Deferred tax liabilities |
|
-413 |
-490 |
| Long term liabilities |
|
-569 |
-744 |
| Cash and cash equivalents |
|
4 188 |
61 196 |
| |
|
|
|
| Fair value of net assets acquired |
|
4 855 |
125 087 |
| |
|
|
|
| Minority interest purchased |
|
- |
-89 773 |
| Recognized income of a purchased associate |
|
- |
-254 |
| |
|
|
|
| Fair value of net assets acquired for the Group |
|
4 855 |
35 060 |
| |
|
|
|
| Goodwill |
|
29 505 |
141 064 |
| Impact of transaction with minority interests |
|
6 834 |
10 543 |
| |
|
|
|
| Total acquisition costs |
|
41 194 |
186 667 |
| |
|
|
|
| Of which: |
|
|
|
| - cash consideration paid |
|
37 879 |
181 908 |
| - contingent consideration not paid |
|
2 945 |
1 839 |
| - acquisition costs |
|
370 |
2 920 |
| |
|
41 194 |
186 667 |
| |
|
|
|
| To adjust for: |
|
|
|
| - contingent consideration not paid |
|
-2 945 |
-1 839 |
| - prior years contingent considerations paid |
|
725 |
5 044 |
| - cash and cash equivalents acquired |
|
-4 188 |
-61 196 |
| |
|
|
|
| Net cash outflow from acquisitions |
|
34 786 |
128 676 |
