The fair value of the identifiable assets and liabilities and the net cash outflow at the date of acquisition were:

The second and final instalment of the contingent consideration in the amount of USD 5.0 million was paid at the beginning of 2019.

1. In determining these amounts, management has assumed that the fair value adjustments that arose on the acquisition date would have been the same as if the acquisition had occurred on January 1, 2019.

In the second half of 2016, management committed to a plan to sell the Hombrechtikon manufacturing facility after having transferred all business activities to Männedorf. Accordingly, land and building were presented as a disposal group held for sale and valued at the lower of the carrying amount and fair value less cost to sell. At year-end 2018, the facility was classified as an investment property and valued at cost less accumulated depreciation (cost model). Efforts to sell the facility continued. However, a sale in the next 12 months was no longer considered highly probable. 

Towards the end of 2020 the Group entered into sales negotiations with a potential buyer. Consequently, land and building were again classified as held for sale. In January 2021, the Group signed a final purchase contract with a total consideration of CHF 4.2 million. The gain from this transaction less any commissions will be recognized in other operating result of 2021.