DHL 2009 Annual Report Download - page 149

Net assets
 m
Fair value

Non-current assets 1
Current assets 96
Cash and cash equivalents 41
138
  
Non-current liabilities 1
Current liabilities 103
104
Net assets acquired 34
Insignifi cant acquisitions
In  nancial year , Deutsche Post DHL made acquisitions
of subsidiaries that did not have any material e ect on the Group’s
net assets,  nancial position and results of operations either indi-
vidually or in the aggregate.
Insignifi cant acquisitions 
 m Carrying
amount Adjustments Fair value

Non-current assets 5 4 9
Current assets 9 0 9
Cash and cash equivalents 5 0 5
19 4 23
  
Non-current liabilities and provisions 0 0 0
Current liabilities and provisions 15 0 15
15 0 15
Net assets – – 8
Goodwill 
 m
Fair value
Acquisition cost 54
Less net assets 8
Full goodwill 46
of which minority interest –19
Goodwill 27
 e insigni cant acquisitions in  nancial year  contrib-
uted a total of   million to consolidated revenue and  – million
to consolidated . If all the companies had been fully consoli-
dated as at  January , the amounts would have changed only
insigni cantly.
Insignifi cant acquisitions 
 m Carrying
amount Adjustments Fair value

Non-current assets 54 24 78
Current assets 118 0 118
Cash and cash equivalents 36 0 36
208 24 232
  
Non-current liabilities and provisions 6 0 6
Current liabilities and provisions 125 0 125
Deferred taxes 10 7 17
141 7 148
Net assets  84
of which due to minorities – – –29
Net assets – – 55
Goodwill 
 m
Fair value
Acquisition cost 144
Less net assets 55
Goodwill 89
 e insigni cant acquisitions in  nancial year  contrib-
uted a total of   million to consolidated revenue.  e compa-
nies had signi cant service relationships with the Group. If all the
companies had been fully consolidated as at  January , the
amounts would have changed only insigni cantly.
A total of   million was spent in  nancial year  on
acquiring subsidiaries (previous year:   million).  e purchase
prices of the acquired companies were paid by transferring cash
and cash equivalents. Further information about cash  ows can be
found in Note .
Disposal and deconsolidation effects
 e following table shows the disposal and deconsolidation
e ects of fully consolidated companies.  e following companies
were sold or deconsolidated in the period under review: Deutsche
Postbank Group, Germany;  Global Mail Services , France;
 Container Logistics  Ltd., ;  Associates Ltd., .
Deutsche Post DHL Annual Report 
132