Annual Review 2012 - Luxottica

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ANNUAL REPORT 2012
The following table summarizes the consideration paid, the fair value of assets acquired
and liabilities assumed at the acquisition date:
(thousands of Euro)
Cash paid 72,457
Total consideration 72,457
Recognized amount of identifiable assets and liabilities assumed
Cash and cash equivalents 6,061
Accounts receivable 11,451
Inventory 6,396
Other current receivables 4,645
Fixed assets 9,695
Trademarks and other intangible assets 38,384
Other long-term receivables 5,358
Accounts payable (2,829)
Other current liabilities (22,390)
Income tax payable (431)
Long-term debt (30,598)
Deferred income tax payable, net (3,316)
Provisions for risks (36,736)
Other long-term liabilities (1,993)
Total net identifiable liabilities (16,304)
Goodwill 88,761
Total 72,457
The provisions for risk include a contingent liability for approximately Euro 17.5 million
related to tax risks which arose prior to the acquisition date.
The acquisition related costs of Euro 1.2 million were expensed as incurred.
The consideration paid net of the cash acquired (Euro 6.1 million) was Euro 66.4 million.