It represents the following calculation: long-term interest-bearing debt, net of cash and cash equivalents and temporary investments divided by EBITDA (Earnings Before Interest, Tax, Depreciation, Amortization and Impairment) adjusted for restructuring expenses, loss on aviation business disposal, curtailment gain on certain defined benefits pension plans obligation and negative goodwill
This results in negative goodwill
which will amount to nearly EUR 150 million on a preliminary basis.
During the period, the firm acquired subsidiary eV Products and there was negative goodwill
on the deal of PS2.
48m by negative goodwill
on the acquisition of eV Products of PS2.
However purchase of Zarubezhneft at high price also carries risks for Rosneft, including possible negative goodwill
18 billion yen on negative goodwill
resulting from group restructuring also contributed to the gain in the bottom line.
0% *Core net profit refers to profit attributable to shareholders excluding government subsidies, negative goodwill
and foreign exchange gains.
QR236 million was realized as a fair value gain on account of Qatar Navigation's holding of 15 per cent share capital of Qatar Shipping prior to the acquisition, while QR397 million was realized as a gain resulting from the negative goodwill
representing the difference between price of acquisition and net fair value of assets of Qatar Shipping.
In certain circumstances, use of a fair value estimate unadjusted for economic obsolescence may yield a net asset value that is greater than the purchase price and thus result in negative goodwill
The bottom line was boosted by negative goodwill
of $119 million from acquisitions and government subsidies of $426 million, without which there would have been a 42% year on year increase in net profit to $1.
Pre-tax loss before negative goodwill
arising from Hotel Sutomiscica
141 requires negative goodwill
to be allocated as a pro rata reduction to the net assets (intangible assets first, then certain tangible assets).