Fiven Annual Report 2020

Acquisition 2019 Fiven Group By 31 December 2019, the consideration paid was based on provisional accounts that were not final. The final consideration was increased by TEUR 678. As part of the final purchase price allocation, fair value of property plant and equipment was adjusted with TEUR 4.486. The adjustment is related to assets in Fiven Brazil. Below follows the final updated overview of purchase price allocation. Amounts in EUR thousand Reported-2019 Change Final Consideration Cash consideration 80,047 678 80,725 Less cash aquired -6,931 - -6,931 Contingent consideration - - - Net consideration 73,116 678 73,794 Amounts in EUR thousand Fair value Change Fair value Assets and liabilities recognized Property plant and equipment 36,515 -4,486 32,029 Intangible asset -trademark 6,795 53 6,848 Intangible asset- technology and customer relationships 6,509 2,869 9,378 Other intangible assets 932 - 932 Deferred tax asset 2,034 - 2,034 Other financial assets 41 - 41 Inventories 39,774 8 39,782 Trade receivables and other receivables 30,088 16 30,105 Current interest-bearing liabilities -10,422 - -10,422 Deferred tax liability -4,942 -782 -5,724 Lease liabilities -4,549 -4,549 Trade payables and other payables -29,983 - -29,983 Provisions -2,067 - -2,067 Total 70,725 -2,321 68,404 Goodwill 2,391 2,999 5,390 Total 73,116 678 73,794 Reallocation of excess values increased annual amortization of intangible assets from TEUR 851 to TEUR 1,253. Total amortization for 2020 is adjusted with TEUR 253 to catch up with the increased amortization for 2019 as a result of the updated allocation. Fiven Annual Report 2020 42   Financial statements