Delårsrapport Q2 - 2018 Hedin Bil (eng) 1
I.A. HEDIN BIL AB Note 2 Acquisitions On April 1,
Hedin Belgien Bil AB acquired three companies in Belgium, including seven dealerships in and around Ghent. With sales and aftermarket service of Mercedes-Benz passenger cars, commercial vehicles, trucks and Smart. The purchase price amounted to 394 MSEK and included four real estates facilities. 41 MSEK of the pucher price is a located to customer relations which is reported as intangible fixed assets, an amorted over 7 years. Goodwill of 73 MSEK is attributable to synergies with other car operations and future sales. On May 3, Hedin Mölndal Bil AB agreed to acquire Motorcentralen i Eskilstuna AB, including a sales and aftermarket dealership for Ford passenger cars and commercial vehicles. The purchase price amounted to 10 MSEK. Goodwill of 6 MSEK is attributable to synergies within the Ford business. The minority stake in GS Bildeler was acquired on June 21 for 24 MSEK, which includes goodwill of 17 MSEK. Englunds Bil & Motorverkstad AB was acquired on Maj 9 for 24 MSEK by Bavaria Sverige Bil AB. The company’s business are sales and aftermarket service for a BMW dealership in Luleå. Goodwill of 18 MSEK is attributable to synergies within the BMW business in Bavaria. The total value of the acquired assets and liabilities is shown in the table below in kSEK Intangible fixed assets 41 520 Tangible fixed assets Financial fixed assets Inventories Operating receivables Cash and cash equivalents Operating liabilities Acquired net assets Goodwill Provisions Minority interests Financial liabilities Purchase price Liquid funds in acquired businesses Impact on the Group's cash and cash equivalents 272 926 22 611 120 386 138 085 26 558 -256 026 366 060 114 965 -31 504 6 854 -4 301 452 074 -26 558 425 516 Audit This interim report has not been reviewed by the auditors. 1 APRIL - 30 JUNE I.A. HEDIN BIL AB INTERIM REPORT 2018 17