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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2013
5.2. ALTERATIONS TO THE CONSOLIDATION PERIMETER
5.2.1. Acquisition of new companies
In December 2013, the Group acquired 80% of the subsidiary Gravos 2012, S.A. by the amount of 819.000 EUR.
The addition in 2013 had the following impact on the consolidated financial statements of 31 December 2013:
Acquisition date
Dec-13
Acquired net assets
Tangible and intangible assets (Notes 8 and 9)
777,825
777,825
Other assets
15,650
15,650
Cash & bank deposits
4,063
4,063
Other liabilities
-2,128
-2,128
795,410
795,410
Goodwill (Note 9)
179,729
Non-controlling interest
-156,139
Acquisition price
819,000
Advanced payments in 2012 (Note 10)
555,000
Payments made in 2013
264,000
819,000
Net cash-flows from acquisition
Payments made
264,000
Acquired cash & bank deposits
-4,063
550,937
Parque Central Maia – Activ. Hoteleiras, SA was acquired
by the amount of 200.000 EUR on December 2011.
Although acquired in the year 2011, the subsidiary was
excluded of the year 2011 consolidated statements by
immateriality. In 2012 it was included since January 1.
