Glory (6457) · TargetRestated
Contingent consideration linked to Acrelec's performance targets
First written in FY2021-Q1. 1 of 2 entries say "Restated". Latest entry: FY2021-Q2.
2entries
1years
0from disclosures
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Contingent consideration for the Acrelec acquisitionA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2021-Q2RestatedAnnual report
「Other non-current liabilities increased mainly due to the recognition of the fair value of contingent consideration arising from a business combination at an overseas consolidated subsidiary applying IFRS, and put options sold to non-controlling shareholders.」
The company states that it recognized as non-current liabilities the fair value of contingent consideration arising from the business combination involving Acrelec and put options sold to non-controlling shareholders. - FY2021-Q1First statedAnnual report
「The company will pay a total of up to €60 million over 4 years, depending on the degree to which Acrelec achieves its performance targets through the fiscal year ending December 2024 following the business combination.」
The contingent consideration provides for payment of up to €60 million over 4 years, depending on the degree to which Acrelec achieves its performance targets through the fiscal year ending December 2024.