Changes in DB Group
Movements in the group of fully consolidated companies of DB Group are detailed in the following:
(Number) | Germany 2019 | Interna- Jun 30, 2019 | Total Jun 30, | Total | Total Dec 31, 2018 |
FULLY CONSOLIDATED | |||||
As of Jan 1 | 125 | 430 | 555 | 578 | 578 |
Additions | 0 | 4 | 4 | 3 | 9 |
Additions due to changes | 0 | 0 | 0 | 0 | 3 |
Disposals | 1 | 8 | 9 | 5 | 35 |
Disposals due to changes | 1 | 0 | 1 | 0 | 0 |
Total | 123 | 426 | 549 | 576 | 555 |
Additions of companies and parts of companies
The additions of companies to the scope of consolidation consist exclusively of newly established companies.
Purchase price allocation VT-Arriva (acquired in 2018)
The net assets of VT-ARRIVA Személyszállító es Szolgáltató Kft. (VTArriva), Székesfehérvár/Hungary which was acquired in the previous year (provisional purchase price allocation as of December 31, 2018), including the adjustments of assets and liabilities in accordance with IFRS 3, are shown in the following after the completed purchase price allocation:
(€ million) | Carrying | Adjustment | Fair |
Property, plant and equipment | 76 | –26 | 50 |
Intangiable assets | 0 | 101 | 101 |
Available-for-sale financial assets | 0 | – | 0 |
Inventories | 1 | – | 1 |
Trade receivables | 17 | – | 17 |
Other receivables and other assets | 3 | – | 3 |
Cash and cash equivalents | 17 | – | 17 |
Deferred tax assets | 0 | 2 | 2 |
Assets | 114 | 77 | 191 |
Financial debt | 55 | – | 55 |
Liabilities | 12 | – | 12 |
Deferred tax liabilities | 4 | 9 | 13 |
Liabilities | 71 | 9 | 80 |
thereof recognized contingent liabilities | – | – | – |
Non-controlling interests | – | – | – |
Net assets acquired | 43 | 68 | 111 |
Purchase price paid in cash | 10 | – | 10 |
Cash and cash equivalents acquired | 17 | – | 17 |
Inflow of cash and cash equivalents | 7 | – | 7 |
The definitive purchase price allocation has resulted in the following adjustments in relation to the assets and liabilities:
(€ million) | Adjustment |
Property, plant and equipment | –26 |
Intangible assets | 13 |
Deferred tax assets | 2 |
Deferred tax liabilities | 1 |
Total | –12 |
This has resulted in the following calculation of goodwill:
(€ million) | VT-Arriva |
PURCHASE PRICE | |
Payments made | 10 |
Outstanding purchase price payments | 52 |
Outstanding purchase price payments | 62 |
Fair value of the amount of equity held before the acquisition | 61 |
Fair value of net assets acquired | 111 |
Goodwill | 12 |
Disposals of companies and parts of companies
The disposals from the scope of consolidation relate to eight liquidations and one sale. The sale has not resulted in an inflow of cash.
Effects on the consolidated statement of income
In total, the impact of the changes in the scope of consolidation which have occurred compared with the first half of 2018 in relation to the consolidated statement of income is not material, and is shown in the following overview:
Jan 1 to Jun 30, 2019 | DB Group | Thereof | Amounts |
Revenues | 22,014 | 43 | – |
Inventory changes and internally | 1,490 | – | – |
Overall performance | 23,504 | 43 | 0 |
Other operating income | 1,118 | 1 | – |
Cost of material | –10,877 | –13 | – |
Personnel expenses | –8,998 | –14 | 2 |
Depreciation and impairments | –1,809 | –13 | – |
Other operating expenses | –2,309 | –2 | – |
Operating profit (EBIT) | 629 | 2 | 2 |
Results from investments accounted | –4 | – | – |
Net interest income | –345 | –1 | – |
Other financial result | –3 | –3 | 1 |
Financial result | –352 | –4 | 1 |
Profit before taxes on income | 277 | –2 | 3 |
Taxes on income | –72 | –1 | – |
Net profit | 205 | –3 | 3 |
The revenues attributable to changes in the scope of consolidation are as follows:
Jan 1 to Dec 31, 2019 | Revenues due to | |
Additions | Disposials | |
VT-Arriva 1) | 40 | – |
Etihad Rail DB Operations LLC 1), | 3 | – |
Total | 43 | – |
1) Acquired during the previous year.