5. Divestments

5. Divestments

Arising in 2008

On November 8, 2008, SkiData AG, disposed its 25% stake of Digital Elektronik GmbH for a cash consideration of EUR 6.6 million (CHF 10.5 million) after receiving a dividend of EUR 5 million (CHF 8.0 million) resulting in an excess value compared to the book value at disposal date of EUR 5.5 million (CHF 8.8 million).

Arising in 2007

On December 31, 2007 OpenTV Corp disposed 100% of Static 2358 Holdings Limited for a cash consideration of kCHF 255 (kUSD 225), a contingent consideration of kUSD 875, 50% of any net operating losses utilized, and a 19% stake in the newly formed holding company of Static 2358 Holdings Limited. As cash flow arising from the contingent consideration is not likely, it has been valued at zero.

On January 18, 2007 the Group disposed of a 50% interest in polyright SA, Sion for a cash consideration of CHF 1 million. The remaining 50 % stake in polyright SA is consolidated using joint venture accounting.