The following table provides a reconciliation of the items in the consolidated balance sheet to the adjusted figures for the purchase price allocation:

Beiersdorf AG (Switzerland)

On December 12, 2007, Beiersdorf took over the remaining 50% interest in and voting rights of Beiersdorf AG, Münchenstein (Switzerland), which until then had been consolidated proportionately under IAS 31. Goodwill deriving from this purchase amounted to €35 million, and is primarily based on expected synergies which are directly connected with Beiersdorf AG’s business and cannot be recognized as a separate asset. The purchase was accounted for a business combination achieved in stages. In 2007, the Swiss company generated sales of €107 million and earnings of €18 million.

Significant Divestments in 2008

Futuro Business

Beiersdorf signed an agreement to sell the Futuro business to 3M Company, St. Paul (USA) on November 20, 2008; the agreement was executed on December 16, 2008. The Futuro business comprises the sale of health supports and compression hosiery. Most of its sales are generated in the USA. Futuro was previously part of the Consumer business segment and generated sales of around €41 million in 2008. As part of the sale, non-current and current assets of €1 million and €8 million respectively were transferred to the buyer.

BODE Group

On October 20, 2008, Beiersdorf sold the BODE Group with effect from December 31, 2008, to Paul Hartmann AG, Heidenheim (Germany). The BODE Group produces and sells disinfectants for hands, skin, instruments, and surfaces. The BODE Group was allocated to the Consumer business segment. It generated sales of around €63 million in 2008 and a result of around €3 million. As part of the sale, non-current and current assets of €14 million and €23 million respectively, as well as non-current and current provisions and liabilities of €12 million and €15 million, were transferred to the buyer.

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