D. Acquisitions and other additions to the scope of consolidated financial statements

The following entities were included in the consolidated financial statements for the first time during the business year 2009/10:

These entities have contributed EUR –1.8 million to the profit for the period and EUR 6.0 million to sales since initial consolidation.

The pro-forma values “as though the acquisition date had been at the beginning of the period” are not stated due to immaterial differences of the above mentioned acquisitions.

Except for one acquisition, additions to the scope of consolidated financial statements include start-ups and entities that changed from non-consolidated to fully consolidated status.

One entity, which was previously accounted for using the equity method, has now been fully consolidated after acquisition of the remaining shares. The net cash outflow amounts to EUR 3.6 million due to EUR 4.0 million acquisition cost in the period under review and the entity’s incoming cash and cash equivalents of EUR 0.4 million.

In accordance with IFRS 3, the acquired companies are included in the consolidated financial statements at the fair value of the acquired assets, liabilities and contingent liabilities determined as of the acquisition date, including depreciation and amortization as appropriate. In accordance with IFRS 3, intangible assets, inventories, and provisions shall be considered provisional due to uncertainties.

The increase of majority interests is treated as a transaction between owners. The difference between the costs of acquisition for the additional shares and the pro-rated carrying value of the minority interests is recognized directly in equity. During the business year 2009/10, EUR 5.1 million were paid for the acquisition of minority interests. Minority interests amounting to EUR 1.6 million were derecognized, and the remaining amount of EUR 3.5 million (2008/09: EUR 159.6 million) was charged directly in equity.

Put options granted to minority shareholders in exchange for their shares in Group companies are disclosed in the statement of financial position as liabilities stated at fair value. If the risks and rewards associated with ownership of a minority interest have already been transferred at the time the majority interest is acquired, an acquisition of 100% of the entity is assumed. Where the risks and rewards have not been transferred, the minority interest continues to be shown in equity. The liability is covered by a direct transfer from Group capital reserves with no effect on profit or loss (double credit approach).

Open put options, which are charged against equity, had a fair value of EUR 13.9 million (2008/09: EUR 16.4 million) as of March 31, 2010.