Anders Hedin Invest årsredovisning ENG 1
NOTE 32 CASH FLOW ANALYSIS Business combinations
2014 On the 1/1/2014 IA Hedin Bil AB, via Hedin Stockholm Bil AB, acquired the assets and liabilities of Svenska Bil i Norden AB for 12,760 TSEK. The negative goodwill of 19,046TSEK that resulted from this was reported in conjunction with the acquisition. On the 10/4/2014, 100% of Klintberg & Way was acquired at 70,000 TSEK. Goodwill amounting to 17,802 TSEK that arose from this acquisition is attributable to expected synergy effects in conjunction with car operations. In April 2014, 100% of Mabi Rent AB was acquired at 38,713 TSEK. The difference of 40,630 TSEK between the acquisition price and net assets has been classified as goodwill and is attributable to synergy effects between car rental operations and car sales. On the 30th October 2014, the remaining 71% per cent of Car to Go Sweden AB were acquired, making it now a fully owned subsidiary company. In connection with this, a goodwill value of 4,897 TSEK that is attributable to collaboration and developments in private leasings has been reported. On November 24th, I.A. Hedin Bil AB, via Hedin Stockholm Bil AB, acquired the car dealership Citroen Sverige AB at 14,195 TSEK. The negative goodwill that resulted from this amounts to 8,760 TSEK and was expensed at the time of the acquisition. On the 1/4/2014, 100% of Klövern Gunilla AB was acquired at 108,375 TSEK. The company owns the properties Varmvattnet 3 in Stockholm and has later been merged into Hedin Akalla Fastighet AB. The difference between the purchase price and the booked net assets are attributable to tangible fixed assets. Business combinations 2015 On 8/8/2015, Dawa Däck was acquired at 50,000 TSEK. A negative goodwill at 3,137 has been expensed in connection with the acquisition. The total value of the acquired assets and liabilities is shown in the table below, which also shows cash flow effects related to the acquisitions. Intangible assets Tangible assets Financial assets Inventories Operating receivables Cash and cash equivalents Operating liabilities Acquired net assets Goodwill Negative goodwill Loans Non-current provisions Purchase price Liquid assets of the acquired businesses Effects on the Group's liquidity -3,137 -32,330 51,950 -1,339 50,611 2015 2,124 2,167 8,001 146,264 48,220 1,339 -120,698 87,417 2014 5,201 190,289 799 124,722 148,229 3,646 -93,945 378,941 63,329 -27,806 -118,586 -63,620 232,258 -3,646 228,612 If the acquisitions had been consolidated from the 1/1/2014, the Group's Income Statement would report turnover amounting to 7,446,244 TSEK and earnings after tax of 117,378 TSEK. If Dawa Däck had been consolidated from 1/1/2015, the Group's Income Statement would report turnover amounting to 8,938,414 TSEK and earnings after tax of 186,311 TSEK. Interest payments Paid interest Received interest 01/01/2015 - 31/12/2015 42,804 1,435 01/01/2014 - 31/12/2014 54,409 2,662 ANDERS HEDIN INVEST AB ANNUAL REPORT / 2015 85