AI Annual Report 2019 1
Hedin Automotive Belgien group Intangible fixed a
ssets Tangible fixed assets Financial fixed assets Inventories Operating receivables Cash and cash equivalents Operating liabilities Acquired net assets Goodwill Provisions Non-controlling interests Financial liabilities Purchase price Liquid funds in acquired businesses Impact on the Group's cash and cash equivalents In 2019, the acquired businesses contributed with approximately kSEK 698,714 (kSEK 1,301,414) in net sales and kSEK 32,091 (kSEK -8,645) in operating profit. If the acquired companies had been consolidated from January 1, 2019, the consolidated income statement would show net sales of kSEK 24,200,164 (kSEK 22,536,801) and operating profit of kSEK 432,648 (kSEK 264,767). The Group recognizes the non-controlling interest in an acquired company either to fair value or the proportionate share of the acquired company’s identifiable net assets. This choice of principle NOT 28 FINANCIAL INSTRUMENTS The table below shows financial instruments per category. December 31, 2019 Assets Long-term securities Receivables from Group companies Accounts receivables and other receivables Cash and cash equivalents Total assets December 31, 2019 Liabilities in the balance sheet Loans Loans from Group companies Accounts payable Liabilities to Group companies Accrued expenses Total Liabilities 2,275 Valued at fair value 2,275 12,188 970,145 157,329 1,139,662 Measured at amortized cost 4,190,540 350,000 1,713,413 270,556 44,527 6,569,036 Measured at amortized cost Total 2,275 12,188 970,145 157,329 1,141,937 Total 4,190,540 350,000 1,713,413 270,556 44,527 6,569,036 117,899 261,631 6,643 114,018 70,801 115,844 -301,930 384,906 199,640 -29,475 0 -218,588 336,483 -115,844 220,639 Hedin Automotive Norway group 22,651 206,043 1,226 71,035 9,720 3,569 -184,656 129,587 50,674 -4,983 -3,063 -83,670 88,545 -3,569 84,976 Total 2019 2018 140,550 467,673 7,869 185,052 80,521 119,413 -486,586 514,493 250,315 -34,458 -3,063 -302,259 425,029 -119,413 305,615 131,931 302,029 23,263 200,030 199,541 90,770 -378,798 568,766 204,961 -58,342 5,966 -6,124 715,227 -90,770 624,457 is made for each individual business acquisition. For non-controlling interest in acquisitions during the year, the Group has chosen to report non-controlling interest as the proportional share of the acquired identified net assets. During the year, no additional purchase price was paid in connection with the acquisition of businesses. There is also no current acquisition agreement where additional purchase price may expire at a later date. 70 I.A. HEDIN BIL AB / ANNUAL REPORT / 2019