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CONSOLIDATED FINANCIAL STATEMENTS
Acquisition date
Dec/11
Acquired net assets
Tangible and intangible assets (note 8 and 9)
1,850,880
3,328,303
Stocks
-
-
Deferred tax assets
14,780
36,048
Other assets
68,920
47,951
Cash & cash equivalents
3,040
3,060
Loans
-1,851,619
-2,526,640
Deferred tax liabilities
-2,320
-7,635
Other liabilities
-104,705
-931,736
-21,024
-50,649
Consolidation differences (Note 9)
130,714
Minority interests
-
Acquisition price
109,690
Payments made
109,690
Future payments
-
109,690
Net cash-flows from acquisition
Payments made
109,690
Acquired cash & cash equivalents
3,040
106,650
5.2. Alterations to the consolidation perimeter
5.2.1. Acquisition of new companies
In February 2011, 99.89% of the company HCI - Imobiliária, SA, headquartered in Angola, was acquired
by the subsidiary Ibersol Angola, SA (owned by the Group), by the amount of 145,000 USD.
Although founded in the year 2010, the subsidiary Ibersol Angola was excluded of the year 2010
consolidated statements by immateriality. In 2011 it was included since January 1.
The abovementioned acquisition in 2011 had the following impact on the consolidated financial statements
on 31 December 2011:
% Shareholding
Company
Entry date
Head-office
2011
HCI - Imobiliária, S.A.
January 2011
Luanda - Angola
100%