The
Group
accrues
income
taxes
at
the
rate
of
16%
on
profits
computed
in
accordance
with
the
Romanian
tax
legislation.
The
net
effect
of
the
change
on
deferred
tax
balances
recognized
as
at
December
31,
2020,
except
for
the
deferred
tax
related
to
the
revaluation
reserve
which
is
recognized
in
equity,
is
reflected
in
the
statement
of
comprehensive
income
for the year then ended.
27.
BUSINESS COMBINATIONS AND ACQUISITION OF NON-CONTROLLING INTERESTS
27.1.
S
ubsequent
acquisition
of
non-controlling
interest,
companies
established
due
to
organic
growth
and
acquisition of subsidiaries
During
the
reporting
period,
the
following
important
events
have
occurred
(percentages
below
represent
equity
interest):
-
10% subsequent acquisition of non-controlling interest in Centrul Medical Panduri SA in June 2021;
-
29%
(indirect
%)
subsequent
acquisition
of
non-controlling
interest
in
Dentist
4
Kids
SRL
(indirect
control)
in
June
2021;
-
31% indirect control in the newly established company Dent Estet Ploiesti SA through organic growth;
-
36%
(indirect
%)
acquisition
of
shares
in
KronDent
SRL;
the
control
was
obtained
in
December
2020
and
the
company is consolidated starting with January 2021;
-
100%
acquisition
of
shares
in
Centrul
Medical
Matei
Basarab
SRL;
the
control
was
obtained
in
February
2021
and
the company is consolidated starting with March 2021;
-
60%
acquisition
of
shares
in
Medica
SA;
the
control
was
obtained
in
April
2021
and
the
company
is
consolidated
starting with May 2021;
-
100%
completion
of
acquision
of
shares
in
CED
Pharma
Group;
the
control
was
obtained
in
June
2021
and
the
company is consolidated starting with July 2021;
-
75%
completion
of
acquisition
of
shares
in
Pharmachem
Distributie
SRL;
the
control
was
obtained
in
July
2021
and
the company is consolidated starting with August 2021;
-
36%
(indirect
%)
acquisition
of
shares
in
Stomestet
Group;
the
control
was
obtained
in
October
2021
and
the
company is consolidated starting with November 2021;
-
36%
(indirect
%)
acquisition
of
shares
in
Costea
Digital
Dental
(Oradent);
the
control
was
obtained
in
November
2021 and the company is consolidated starting with December 2021;
-
sign-off for the sale and purchase agreement of 50% shares in
Neolife Medical Center Romania in October 2021;
-
76%
acquisition
of
shares
in
Expert
Med
Centrul
Medical
Irina
;
the
control
was
obtained
in
December
2021
and
the
company is consolidated starting with January 2022.
Neolife
Medical
Center
Romania
acquisition
has
been
approved
by
Competition
Council
and
the
acquisition
was
finalized
in February 2022.
27.1.1.
Subsequent acquisition of non-controlling interest
Increased participation in Centrul Medical Panduri
In
June
2021
Med
Life
SA,
the
ultimate
parent
of
the
Group,
completed
an
increase
by
10%
in
Panduri
Medical
Center
shareholding,
marking
the
full
acquisition
of
the
package
of
shares.
The
majority
stake
of
90%
was
acquired
5
years
ago,
now the shareholding being completed up to 100%.
Increased participation in Dentist 4 Kids SRL
In
June
2021,
Dent
Estet
Clinic,
part
of
Medlife
Group,
completed
the
acquisition
of
the
entire
package
of
shares
of
the
dental clinic located in Timisoara (an increase from 52% to 100%).
27.1.2. Organic growth
In
the
first
semester,
Dent
Estet
Clinic,
part
of
Medlife
Group,
founded
a
new
company,
Dent
Estet
Ploiesti
SA
with
51%
participation.
27.1.3. Acquisition of subsidiaries
Acquisition of KronDent SRL
In
December
2020,
Dent
Estet
Clinic,
part
of
Medlife
Group,
completed
the
acquisition
for
the
majority
stake
of
60%
of
the
shares
of
KronDent
S.R.L,
a
periodontology-implantology
and
dentistry
clinic,
located
in
Brasov.
KronDent
S.R.L
has
been operating on the dental services market in Brașov since 2008.
Acquisition of the Centrul Medical Matei Basarab
In
February
2021,
Anima
Speciality
Medical
Services
SRL,
part
of
Medlife
Group,
completed
the
transaction
for
the
purchase
of
the
full
shareholding
package
of
Veridia
Medical
Center
in
Bucharest,
known
also
as
Basarab
Medical
Center.
Veridia
Medical
Center
has
been
operating
on
the
private
medical
services
market
for
17
years.
It
started
its
activity
with
a
medical
analysis
laboratory
and
later
on
consolidated
its
position
by
developing
a
large
medical
center
that
incorporates
20
medical
offices
and
which
provides
specialized
medical
services,
general
medicine
consultations
and
consultations
of
different
specialties,
paraclinical
investigations,
treatments
and
minor
surgeries.
Additionally,
for
sampling
for
laboratory
testing,
the
center
also
includes
four
sampling
points,
located
in
Berceni,
Militari,
Drumul
Taberei
and
Pantelimon
neighborhoods and since September 2020 it also includes a molecular biology laboratory for SARSCoV-2 testing.
Acquisition of the majority package of Medica Sibiu
In
April
2021
Med
Life
SA,
the
ultimate
parent
of
the
Group,
completed
the
transaction
for
the
acquisition
of
the
majority
stake
of
60%
in
Medica
Sibiu,
one
of
the
important
providers
of
private
medical
services
in
Sibiu
County.
Medica
Sibiu
has
been
operating
on
the
private
medical
services
market
since
2001
and
consists
of
a
large
outpatient
unit,
a
medical
