During the year, 100 percent of COBS AB and CAD-Kompagniet A/S were acquired. The total value of acquired assets and liabilities, purchase money and effect on the Group’s cash and cash equivalents was as follows:
| Group |
2008/09 |
2007/08 |
| Intangible non-current assets |
–54 |
–13 |
| Tangible non-current assets |
–1 |
–2 |
| Inventories |
–4 |
–4 |
| Other current assets |
–14 |
–12 |
| Deferred tax liability |
5 |
0 |
| Current liabilities |
11 |
5 |
| Total purchase money |
–57 |
–26 |
| Cash and cash equivalents in the acquired businesses |
1 |
7 |
| Effect on the Group’s cash and cash equivalents of the year’s acquisitions |
–56 |
–19 |
| Repayment of/increase in liabilities relating to acquired businesses |
–1 |
–8 |
| Cash flow attributable to investment in businesses |
–57 |
–27 |
No temporary tax differences arose in connection with the acquisitions.
| Distribution of intangible assets in connection with acquisitions |
2008/09 |
2007/08 |
| Group goodwill |
41 |
9 |
| Trademarks |
3 |
2 |
| Other intangible assets |
10 |
– |
| Acquired intangible assets |
54 |
11 |
| Incremental investment in existing company |
– |
2 |
| Total intangible assets via acquisitions |
54 |
13 |
| Acquired units’ contribution to consolidated revenue and result |
2008/09 |
2007/08 |
| Revenue |
53 |
55 |
| Result contributed before acquisition costs |
3 |
7 |
| Amortisation of surplus values |
–1 |
– |
| Result contributed after acquisition costs |
2 |
7 |
| Financing costs |
–1 |
–1 |
| Result contributed after financing costs |
1 |
6 |
| Acquired units’ contribution to consolidated revenue and result if the units had been included for the full year |
2008/09 |
2007/08 |
| Revenue |
72 |
55 |
| Contribution to result before acquisition costs |
5 |
7 |
| Amortisation of surplus values |
–1 |
– |
| Contribution to result after acquisition costs |
4 |
7 |
| Financing costs |
–1 |
–1 |
| Contribution to result after financing costs |
3 |
6 |
On 1 April 2008 Lagercrantz Group acquired all shares outstanding in CAD Kompagniet A/S for MDKK 24; the acquisition took place via subsidiary Betech Data A/S. CAD Kompagniet is active as a consultant in the CAD area (computer-aided design and will be co-operating with the software operation that Lagercrantz Group conducts in division Communications. CAD Kompagniet has 10 employees and 2008/09 revenue of MDKK 18. On 1 September 2008 Lagercrantz Group acquired all shares outstanding in COBS AB for MSEK 30. COBS develops and markets wireless telephony systems with functions for, among other things, personal security and positioning in one and the same portable handset. COBS has 21 employees and annual revenue of approximately MSEK 50. Goodwill consists of the value of the companies’ technical expertise in the form of co-operation/streamlining within the division. Both acquisitions are part of Communications.
| Acquired companies’ net assets at time of acquisition, MSEK |
Reported value in the companies |
Fair-value adjustment |
Fair value in the Group |
| Intangible non-current assets |
– |
14 |
14 |
| Other non-current assets |
1 |
– |
1 |
| Inventories |
5 |
– |
5 |
| Other current assets |
11 |
– |
11 |
| Cash and cash equivalents |
1 |
– |
1 |
| Interest-bearing liabilities |
0 |
– |
0 |
| Long-term liabilities |
–1 |
– |
–1 |
| Other liabilities |
–11 |
–4 |
–15 |
| Net identifiable assets/liabilities |
6 |
10 |
16 |
| Goodwill |
|
|
41 |
| Estimated purchase money |
|
|
57 |
