D. Acquisitions and other additions to the scope of consolidation

The following entities were included in the Interim Consolidated Financial Statements for the first time in the first half of the business year 2021/22:

The additions of fully consolidated entities to the scope of consolidation include eight newly established entities.

In accordance with IFRS 3, acquired companies are included in the Consolidated Financial Statements at the fair value carried forward of the acquired assets, liabilities, and contingent liabilities determined as of the acquisition date, taking into account depreciation, amortization, and impairment as appropriate. The carrying amount of the non-controlling interests is determined based on the fair values carried forward for the assets and liabilities acquired.

The increase in majority interests is treated as a transaction between owners. The difference between the acquisition costs of additional shares and the prorated carrying amount of the non-controlling interests is recognized directly in equity.

In the reporting period, EUR 3.4 million (2020/21: EUR 0.0 million) was paid for the acquisition of non-controlling interests, or charged against loans. Non-controlling interests in the amount of EUR 7.7 million (2020/21: EUR 0.3 million) were derecognized, and an amount of EUR 4.3 million (2020/21: EUR 0.3 million) was recognized directly in equity.

Put options granted to non-controlling shareholders in exchange for their shares in Group companies are recognized in the statement of financial position as liabilities stated at fair value. If, in individual cases, the risks and rewards associated with ownership of a non-controlling interest had already been transferred at the time the majority interest was acquired, the assumption is that 100% of the entity was acquired. If, however, the risks and rewards are not transferred, the non-controlling interests continue to be shown in equity. The liability is covered by a direct transfer from retained earnings with no effect on profit or loss (double credit approach). The subsequent fair value measurement is recognized through profit or loss.

The liabilities for outstanding put options as of March 31, 2022, are EUR 8.8 million (March 31, 2021: EUR 8.6 million). The discounted cash flow method is applied for valuation purposes, taking the contractual maximum limits into account. The medium-term business plan and the discount rate, in particular, are some of the input factors in the discounted cash flow method.