2006 and 2007
PPA analysis, financial statements 2007, pro forma 2007, pro forma 2006
When the acquisition of Prevesta AB was completed on 31 May 2007, a preliminary allocation of the purchase price was made. An external expert – Deloitte Financial Advisory – was engaged to conduct an independent allocation, which included identification and valuation of intangible assets and all individual items in the consolidated balance sheet in Prevesta as at 31 May 2007. The analysis was carried out in accordance with the relevant IFRS standards, in particular IFRS 3 Business combinations and IAS 38 Intangible assets.
After this allocation, new financial statements were drawn up for Q2 and Q3 2007, as well as new pro forma accounts for all quarters from Q1 2006 up to and including Q3 2007.
Added values in the order backlog will be amortised by one-seventh each month from June to December 2007. Added values in land will be expensed as cost of goods sold by one-eighteenth each month from June 2007 to November 2008.