|
2016 |
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|
(in millions of euros) |
Liberia |
DRC |
Burkina Faso |
Sierra Leone |
|
Acquisition cost (1) |
104 |
160 |
521 |
226 |
|
Loan reimbursement to former shareholders |
16 |
- |
- |
79 |
|
Cash acquired net of transaction costs |
2 |
18 |
(6) |
- |
|
Cash paid for investment securities, net of cash acquired |
122 |
178 |
515 |
305 |
|
(1) The price paid for the acquisitions in Burkina Faso and Sierra Leone is an estimated price and will be subject to adjustments mainly related to net debt, working capital and capital expenditures during the first half of 2018. |
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In accordance with IFRS 3R – Business Combinations, the fair value measurement of identifiable assets acquired and liabilities assumed, was finalized during the 2017 fiscal year. The adjustments recognized compared to the amounts published in 2016 are not significant and have no impact on the income of the period.
|
At acquisition date |
||||
|
(in millions of euros) |
Liberia |
DRC |
Burkina Faso |
Sierra Leone |
|
Acquisition cost (a) |
104 |
160 |
521 |
226 |
|
Net book value acquired |
5 |
67 |
50 |
(16) |
|
Effects of fair value measurement: |
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|
Customer base (1) |
10 |
- |
31 |
6 |
|
Trademark (2) (3) |
6 |
1 |
1 |
0 |
|
Net deferred tax |
(4) |
(0) |
(9) |
(2) |
|
Net asset remeasured at fair value (b) |
17 |
68 |
73 |
(12) |
|
Goodwill (a)-(b) |
87 |
92 |
448 |
238 |
|
(1) Depreciation over 5 years in Liberia, 4 years in Burkina Faso and Sierra Leone. |
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|
(2) Depreciation over 15 years in Liberia. |
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|
(3) Depreciation over 1 year in DRC, Burkina Faso and Sierra Leone (rights of use granted by sellers for 1 year and rebranding expected in 2017 by the Group). |
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