Page 97 - Restamax Plc Annual Report 2017

6 SOLD BUSINESS OPERATIONS

Business operations sold during the 2017 financial period

During the financial period, the Group sold shares in subsidiaries and restaurant businesses as follows:
Name Shareholding sold Location Date of control transfer
Max Siivouspalvelut Oy 70% Tampere 28/02/2017
Restaurant, Helsinginkatu 11 100% Helsinki 01/09/2017
Restaurant, Suupantie 6 100% Pirkkala 01/11/2017
Restaurant, Lönnrotinkatu 9 100% Helsinki 12/12/2017

At the moment of transfer of control, the values of the assets sold were in total as follows:

Property, plant and equipment 65,386.86
Other asset items 229,695.57
Liabilities -106,579.25
Net assets, total 188,503.18

At completed sales, there was impairment targeted at the goodwill recorded for the units. Goodwill impairment targeted
at sales has been recorded as deduction of goodwill as follows:
Intangible rights, goodwill 158,340.85

Of completed sales, sales profit of TEUR 95.0, loss from the assignment of fixed assets of TEUR 2.2, and impairment
loss of TEUR 24.7 were targeted at the comprehensive income statement.

Business operations sold during the 2016 financial period

During the financial period, the Group sold shares in restaurant businesses as follows:
Name Sold Location Date of control transfer
Ravintola Minibaari 100% Tampere 18/04/2016

The assets of the sold restaurant at the time of the transfer of control were as follows:

Property, plant and equipment 43.6
There was impairment targeted at this transaction, at the goodwill recorded for the unit. Impairment losses have been
recorded in the extensive consolidated income statement in the line “Depreciations, amortisations and impairment”
as follows:
Intangible rights, goodwill 15.0

CONSOLIDATED FINANCIAL STATEMENTS 97