APC 2003 Annual Report Download - page 76

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Consolidated and Parent Company Financial Statements
74
Digital Electronics Corporation goodwill
Fair value adjustments and the calculation of goodwill
were finalized during the year ended December 31,
2003, as follows:
Acquisition cost of
Digital Electronics Corporation*222.6
Fair value of the assets and
liabilities acquired
Net assets acquired at
January 1, 2003 93.8
Adjustments to comply with Group
accounting policies (41.2)
Fair value of trademarks and patents 66.7
Fair value of net assets acquired 119.3
Goodwill 103.3
* Including transaction costs. Calculations based on
the 2003 opening exchange rate of EUR 1 = JPY 124.39
TAC goodwill
The TAC Group has been consolidated as from
September 1, 2003. The Schneider Electric Group has
until the 2004 year-end to finalize the fair value
adjustments to TAC’s net assets and calculate the
related goodwill. Based on the analyses performed to
date, goodwill, TAC Group goodwill is as follows:
Acquisition cost
of TAC*385.3
Fair value of the assets and
liabilities acquired
Net assets acquired at
September 1, 2003 104.6
Pre-acquisition goodwill (115.2)
Fair value adjustments to
the assets and liabilities acquired (6.8)
Fair value of net assets acquired (17.4)
Goodwill 402. 7
* Including transaction costs