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C C S 6 olo © SO & e à == £ L S x O > o © 0 ojo © n 5 S © soaule © SR 52 D& = SN © — —65 © © N 'E ls £ © u >} [Te) 3 ® ‘ä æ =xx=æ e e Q Oo S6& °\ °\ °\° = æ ( O O = © œ ® [ T> w — - © 3 < c 5 z ; ä © n S % 8ë £ 2 © L T c $ 2 8 5 5 _ 93 S S 8 9 ® = O £ - *o n = = S S © & = E 252 © 5 7 S = = # » 070s € V ü 6 Q [ = G Ö e D S = o & n Ö Ö 8 3 = © = D Q = 7 n = sc ©& $ m &£4 3 D © © « = # ü > S0205 © x U x D © 3 x U ù 5 3686052 8228 2 a< 2S 8z œ — © O> e [a OO o 5 1 ®© ; e ù °\° 3 e 2 R 8 J = 2 8 6 = S S A mx G & Z © = & 8 Cn L = n < o = © = u 3 7 < < L N “ 3 J 3 & > Sl © ] 9 ® . %© = ë % 3 20 s 88 28 58 A s 3S = 55 55 3S “ = | s z Ÿ 63 s8 76 24 ] X S 20 87883 88 223 2 - -R= N 89 89 85 = S … SS o| @ B 2E 56928 @ = — x - 20 S° 6® © S n [e) n O o c = N O& N T Ö N E % T = ooo se 89 28 8? ü 3 88 8 ? 3TOTT C œ ‘ d £ & ° — = © o o © o © © © Q o o o ® © o @ = 8 ° SS S © © x S = ® < - o O = N 58 = 8 ° S = — ON = - es o 9 ® = o “ = Q « ; “ —s = ba 8 o o . o © s o 2 oo = N à v A < A = S o S 55© 8 ©S o S©S o| 8 2N 25 83 ® — oo = © e . ® © o D0 e < Al N N g - = s æ S æ æ re) 7 5 * > = = H & © 6 5 ] A —_ = = © w E n n = 5 5 Q ® à =0 © Y Z 2} S 3 o 26 o S S S e « Z Z N @ @ © > 3 =5 E © © ® E = m: = 0 2 $ E = = = 3 X0 39 32° m = à O & F> E> — > - Etude de cas n°1 ; proposition de solution High Value Local PPA / Purchase Price Allocation 31.12.2009 ACTIF Liquidités 100'000 Débiteurs 167'000 Stock matières premières 100'000 Stock matières Allemagne 250'000 Réserve sur matières prem. -117'000 Actifs transitoires 5'000 Total actifs circulant 505'000 Instruments de contrôle 10'000 Total actif immobilisé 50'000 60'000 TOTAL DE l'ACTIF 565'000 Passif Créancies 63'000 Emprunts 275'000 Provision pour risque produit 100’000 Total fonds étrangers 28'600 Total Fonds p étrangers 466'600 Capital-actions 300'000 -151'600 Bénéfice(perte) de l'exercice -50'000 Total fonds propres 98'400 TOTAL DU PASSIF 565'000 14% 16% 18% Prix d'acquistion 3'700'000 3'700'000 3'700'000 Total fonds propres 98'400 98'400 98'400 Réserve sur marchandises 117'000 117'000 117000 TON TS Impôt diff. passifs sur réserve sur marchandises 17.70% — -20'709 -20'709 -20'709 y.c. calcul impöts Risaue du produit 100'000 100000 100'000 FEA 221714 Impôt diff. passifs sur risque “ \f;‘„;"„fjf A du produit 17.70% -17'700 -17°700 -17'700 y.c. calcul impöts … | Clientele 3'215'167 3'047'869 2'893'302 Impöt diff. passifs sur clientèle 17.70% -569'085 539473 512114° 10 1745 Brevets 300'410 277'079 263'027 (poürcalcul‘imﬁöts)fi‚j Impöt diff. passifs brevets 17.70% -53'172 49043 -46'556 10 17186 Imp. diff. actifs sur perte (polü‘œlculîmbôtsÿjçsî — 89988 556883 b Ë Total des actifs corporelles et incorporelile attribué 3'205'994 3'049'106 _2'910'333 Goodwill 494006 650894 _ 789'667 | „s‚«ös““;%p z E R | PouF goddwill sans Caloul impôts, - 4 A Page 19 L ‚

Étude de cas — Problème 1

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1# 2010 — Étude de cas — Problème 1