Half-Year Report 2020

2 Adjustment to Prior-year Figures

The total consideration for the acquisition of the Hembla Group was allocated with definitive effect as of June 30, 2020. Compared with the provisional allocation as of December 31, 2019, embedded derivatives in the form of termination options amounting to € 78.2 million were also recognized. Inversely, deferred tax liabilities of € 16.1 million were recognized. Goodwill was reduced by € 62.1 million in comparison as a result. The corresponding prior-year figure was adjusted as of the date of first-time consolidation.

In 2019, adjustments were also made to the consolidated income statement in order to improve the presentation and to separate interest income and interest expenses.

An additional item, “other financial result”, has been reported in the consolidated income statement since December 31, 2019. As a result of the reporting amendment, financial income (interest income) decreased in the previous period (January 1 to June 30, 2019) by € 9.1 million and financial expenses (interest expenses) by € 21.9 million. For this purpose, the currency effects in the amount of € -0.2 million, the income from investments in the amount of € 9.1 million, the transaction costs in the amount of € -19.5 million as well as the purchase price liabilities from put options/rights to reimbursement in the amount of € -2.2 million in the prior-year figures are shown separately under other financial result.