Annual Report 2012


>> P.73

2.ACQUISITIONOFADDITIONALSHARESADDITIONALSHARESOFSALHEAVYLIFTGMBH,SALSCHIFFAHRTSKONTORALTESLANDVERWALTUNGSGESSELLSCHAFTMBHANDNEPTUNCREWINGGMBHWEREACQUIRED.(1)SUMMARYOFBUSINESSCOMBINATION(I)NAMEANDBUSINESSDESCRIPTIONOFACQUIREDCOMPANIESCOMPANYNAMEBUSINESSDESCRIPTIONSALHEAVYLIFTGMBHHEAVYLIFTERBUSINESSSALSCHIFFAHRTSKONTORALTESLANDVERWALTUNGSGESSELLSCHAFTMBHHEAVYLIFTERBUSINESSNEPTUNCREWINGGMBHHEAVYLIFTERBUSINESS(II)DATEOFCOMBINATIONSJUNE30,2011(III)LEGALDESCRIPTIONOFBUSINESSCOMBINATIONSCASHPAYMENTINEXCHANGEFORSHARES(IV)NAMESOFCOMPANIESAFTERBUSINESSCOMBINATIONSTHEREWASNOCHANGEINNAMESOFCOMPANIESAFTERBUSINESSCOMBINATIONS(V)MAINPURPOSEANDDESCRIPTIONOFTHETRANSACTIONSTHECOMPANYACQUIREDSHARESFROMMINORITYSHAREHOLDERSOFABOVECOMPANIESFORCASH.ASARESULT,SALHEAVYLIFTGMBH,SALSCHIFFAHRTSKONTORALTESLANDVERWALTUNGSGESSELLSCHAFTMBHANDNEPTUNCREWINGGMBHBECAMEWHOLLYOWNEDSUB-SIDIARIESOFTHECOMPANY.GROWTHINTHEHEAVYLIFTERBUSINESS,WHICHWASIMPERATIVEFORDEVELOPMENTOFINFRASTRUCTURE,WASEXPECTEDASTHEGLOBALECONOMYRECOVERS.ADDITIONALLY,SYNERGISTICEFFECTSAMONGTHEHEAVYLIFTERBUSINESS,EXISTINGOFFSHORESUPPORTVESSELBUSINESSANDDRILLSHIPBUSINESSWEREEXPECTEDTOBEREALIZED.THEMAINPURPOSESFORTHEBUSINESSCOMBINATIONSWERETOENHANCETHEHEAVYLIFTERBUSINESSANDINCREASETHEPROPORTIONOFBUSINESSOTHERTHANTHECONTAINERSHIPBUSINESSUSINGTHECOLLECTIVECAPA-BILITYOFKAWASAKIKISENKAISHAGROUPBYMAKINGTHESECOMPA-NIESWHOLLYOWNEDSUBSIDIARIES.(2)SUMMARYOFACCOUNTINGTREATMENTTHISBUSINESSCOMBINATIONWASTREATEDASATRANSACTIONWITHMI-NORITYSHAREHOLDERSPURSUANTTO“ACCOUNTINGSTANDARDFORBUSINESSCOMBINATIONS”(ASBJSTATEMENTNO.21,ISSUEDONDECEMBER26,2008),AND“IMPLEMENTATIONGUIDANCEONACCOUNTINGSTANDARDFORBUSINESSCOMBINATIONSANDBUSINESSDIVESTITURES”(ASBJGUID-ANCENO.10,ISSUEDONDECEMBER26,2008).(3)SUMMARYOFACQUISITIONOFADDITIONALSHARESOFSUBSIDIARIES(I)ACQUISITIONCOSTOFACQUIREDCOMPANIES¥12,414MILLION($151,040THOUSAND)FULLAMOUNTPAIDINCASH.(II)AMOUNTOFGOODWILL¥2,136MILLION($25,989THOUSAND)(III)REASONFORGOODWILLGOODWILLWASRECOGNIZEDDUETOTHEDIFFERENCEBETWEENTHEAC-QUISITIONCOSTANDTHERESULTINGDECREASEINMINORITYINTERESTS.(IV)METHODANDPERIODOFAMORTIZATIONTHEAMOUNTOFGOODWILLHASBEENAMORTIZEDBYTHESTRAIGHT-LINEMETHODOVERAPERIODOFfiVEYEARS.73ANNUALREPORT2012


<< | < | > | >>