Protect Croatia Securit as has acquired 85 percent of the shares in the securit y ser vices compan y Protect in Croatia There is an a greement to acquire the remainin g 15 percent of the shares in 2013 Protect has appro ximately 600 emplo y ees a n d is mainly oper atin g in guar din g ser vices The compan y had at the time of acquisition projected annual sales of appro ximately M SEK 73 G oodwill which amounts to M SEK 236 is mainly related to g eogr aphical co v er a g e A C QUISITION OF THE B U SINES S IN P RO TE C T SU MMAR Y B AL ANCE SHEE T AS OF A C QUISITION D A TE J ANU AR Y 4 2012 M SEK f air v alue acquisition balance Oper atin g noncurrent assets 18 Accounts receiv able 160 Other assets 24 Other liabilities 274 T ot al oper atin g capit al emplo y ed 72 G oodwill from the acquisition 236 Acquisition related int an g ible assets 228 T ot al capit al emplo y ed 392 Net debt 73 T ot al acquired net assets 319 P urchase price paid 319 Liquid funds in accor dance with acquisition analysis 58 T ot al impact on the Group s liquid funds 261 85 percent of the shares in Protect w ere acquired No noncontrollin g interes ts ha v e been accounted for since Securit as has an option to buy the remainin g shares and the seller has an option to sell the remainin g shares Consequently 100 percent of the compan y is consolidated The acquisition has contributed to tot al sales with M SEK 709 and to net income for the y ear with M SEK 17 The acquisition w ould if it had been consolidated from Januar y 1 2012 ha v e contributed to tot al sales with M SEK 720 and to net income for the y ear with M SEK 16 Accounts receiv able includes items not e xpected to be collected amountin g to M SEK 12 T r ansaction cos ts amounts to M SEK 06 Deferred consider ation amounts to M SEK 116 and has been recogniz ed mainly based on assessment of the future proft abilit y de v elopment for an a greed period The recogniz ed amount is Securit as bes t es timate of the fnal outcome Thus no es timate of the r an g e of outcomes has been calculated Deferred consider ation is link ed to the future de v elopment of proft abilit y in the acquired compan y and the fnal outcome of the pa yment ma y consequently e x ceed the es timated amount Chillida Sis temas de Se guridad Spain Securit as has acquired all shares in the technology securit y compan y Chillida Sis temas de Se guridad in Spain The compan y has appro ximately 200 emplo y ees Chillida has oper ations in the entire countr y with mos t of the emplo y ees located in V alencia and M adrid Chillida is focused in tech nology securit y solutions lik e ins t allations monitorin g and maintenance The compan y had at the time of acquisition projected annual sales of appro ximately M SEK 133 G oodwill which amounts to M SEK 1032 is mainly related to oper ational e xpansion A C QUISITION OF THE B U SINES S IN C HILLI d A S IS TEMAS d E S E G URI d A d SU MMAR Y B AL ANCE SHEE T AS OF A C QUISITION D A TE APRIL 1 2012 M SEK f air v alue acquisition balance Oper atin g noncurrent assets 86 Accounts receiv able 735 Other assets 383 Other liabilities 820 T ot al oper atin g capit al emplo y ed 384 G oodwill from the acquisition 1032 Acquisition related int an g ible assets 454 T ot al capit al emplo y ed 1870 Net debt 554 T ot al acquired net assets 1316 P urchase price paid 1316 Liquid funds in accor dance with acquisition analysis 62 T ot al impact on the Group s liquid funds 1254 All the shares in Chillida Sis temas de Siguridad w ere acquired The acquisition has contributed to tot al sales with M SEK 987 and to net income for the y ear with M SEK 122 The acquisition w ould if it had been consolidated from Januar y 1 2012 ha v e contributed to tot al sales with M SEK 1345 and to net income for the y ear with M SEK 144 Accounts receiv able includes items not e xpected to be collected amountin g to M SEK 390 T r ansaction cos ts amounts to M SEK 39 T r ailback Ar g entina Securit as has acquired all shares in the technical solutions compan y T r ail back specializ ed in GPS solutions in Ar g entina T r ailback has de v eloped a t ailor made solution based on GPS and pro vides ser vices for tr ackin g to a wide r an g e of cus tomer se gments The compan y has 44 emplo y ees The compan y had at the time of acquisition projected annual sales of appro xi mately M SEK 14 G oodwill which amounts to M SEK 208 is mainly related to oper ational e xpansion A C QUISITION OF THE B U SINES S IN T RAILB A C k SU MMAR Y B AL ANCE SHEE T AS OF A C QUISITION D A TE APRIL 1 2012 M SEK f air v alue acquisition balance Oper atin g noncurrent assets 17 Accounts receiv able 11 Other assets 04 Other liabilities 125 T ot al oper atin g capit al emplo y ed 93 G oodwill from the acquisition 208 Acquisition related int an g ible assets 103 T ot al capit al emplo y ed 218 Net debt 00 T ot al acquired net assets 218 P urchase price paid 218 Liquid funds in accor dance with acquisition analysis T ot al impact on the Group s liquid funds 218 All the shares in T r ailback w ere acquired The acquisition has contributed to tot al sales with M SEK 112 and to net income for the y ear with M SEK 23 The acquisition w ould if it had been consolidated from Januar y 1 2012 ha v e contributed to tot al sales with M SEK 152 and to net income for the y ear with M SEK 34 T r ansaction cos ts amounts to M SEK 07 Deferred consider ation amounts to M SEK 74 and has been recogniz ed mainly based on assessment of the future proft abilit y de v elopment for an a greed period The recogniz ed amount is Securit as bes t es timate of the fnal outcome Thus no es timate of the r an g e of outcomes has been calculated Deferred consider ation is link ed to the future de v elopment of proft abilit y in the acquired compan y and the fnal outcome of the pa yment ma y consequently e x ceed the es timated amount 105 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012