4 - Refresco.de

Pre-acquisition carrying amounts were determined based on IFRS standards applicable as of the date of
acquisition. The values of assets, liabilities, and contingent liabilities recognized on acquisition are their
estimated fair values (see note 2.19 for methods used to determine fair values). The goodwill recognized on
the acquisition is attributable mainly to the synergies expected to be achieved from integrating the acquired
company into the existing business.
On March 31, 2008, the Group acquired the remaining 10 percent interest in Histogram Ltd. (the United Kingdom)
increasing its ownership from 90 percent to 100 percent for an amount of GBP 1.3 million.
On June 17, 2008, the Group acquired the remaining 90 percent interest in Eldis S.A.S. in France increasing its
ownership from 10 percent to 100 percent for an amount of EUR 37,000.
On December 22, 2008, the Group acquired 25% of Junita Fruchtsaft Marketing GmbH in Germany increasing its
ownership to 100% for an insignificant amount.
6.2 Financial instruments
Credit risk
Exposure to credit risk
The carrying amount of financial assets represents the maximum credit exposure, as follows at the reporting date:
EUR’000
Carrying amount
2009 2008
note
Non-current investments 4.3 1,320 370
Trade and other receivables 4.6 176,472 180,853
Current investments 4.3 2,541 6,344
Cash and cash equivalents 4.7 59,742 44,702
240,075 232,269
The maximum exposure to credit risk for trade and other receivables at the reporting date by geographic region
was as follows:
EUR’000
Carrying amount
2009 2008
Euro-zone countries (EUR) 161,132 169,094
United Kingdom (GBP) 7,675 5,180
Poland (PLN) 7,665 6,579
176,472 180,853
page _ 98 / 99