F eder al R es guar d Ar g entina Securit as has acquired all shares in the securit y ser vices compan y F eder al R es guar d in Ar g entina F eder al R es guar d has 970 emplo y ees The compan y is specializ ed in the cus tomer se gments ret ail gated communities and countr y clubs and oper ates mainly in the pro vinces of Buenos Aires and M endo za The compan y had at the time of acquisition projected annual sales of appro ximately M SEK 140 G oodwill which amounts to M SEK 283 is mainly related to g eogr aphical co v er a g e A C QUISITION OF THE B U SINES S IN F E d ERAL R ESG U AR d SU MMAR Y B AL ANCE SHEE T AS OF A C QUISITION D A TE DECEMBER 1 2012 M SEK f air v alue acquisition balance Oper atin g noncurrent assets 24 Accounts receiv able 154 Other assets 08 Other liabilities 465 T ot al oper atin g capit al emplo y ed 279 G oodwill from the acquisition 283 Acquisition related int an g ible assets 161 T ot al capit al emplo y ed 165 Net debt T ot al acquired net assets 165 P urchase price paid 165 Liquid funds in accor dance with acquisition analysis T ot al impact on the Group s liquid funds 165 All the shares in f eder al R es guar d w ere acquired The acquisition has contributed to tot al sales with M SEK 121 and to net income for the y ear with M SEK 15 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 1374 and to net income for the y ear with M SEK 49 T r ansaction cos ts amounts to M SEK 15 Deferred consider ation amounts to M SEK 232 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 O THER A C QUISITIONS d I v ES TITURES AN d A d JU S TMENTS Su mm AR y B AL ANCE Sh EE T M SEK f air v alue acquisition div es ted balance Oper atin g noncurrent assets 24 Accounts receiv able 578 Other assets 521 Other liabilities 77 T ot al oper atin g capit al emplo y ed 1200 G oodwill from the acquisitions 1 581 Acquisition related int an g ible assets 2 986 T ot al capit al emplo y ed 2767 Net debt 264 T ot al acquired div es ted net assets 3 3031 P urchase price paid consider ation receiv ed 3 2630 Liquid funds in accor dance with acquisition analysis 233 T ot al impact on the Group s liquid funds 2397 1 M ainly related to update of the acquisition calculation for Sensormatic T urk e y and Cobel guar d Bel g ium and acquisition of the business in PS S and V akt v esenet Nor w a y Sigurnos t Buz o v Croatia and Risk Control Peru 2 M ainly related to acquisition of contr act portfolios in PS S and V akt v esenet Nor w a y and T op Securit y South Africa 3 P urchase price paid difer s to tot al acquired net assets due to re v aluation of deferred consider ation of M SEK 397 and capit al gain accounted for in ret ained earnin g s of M SEK 04 T r ansaction cos ts amounts to M SEK 87 Deferred consider ation for acquisitions made durin g 2012 amounts to M SEK 410 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 companies and the fnal outcome of the pa yment ma y consequently e x ceed the es timated amount G oodwill that is e xpected to be t ax deductible amounts to M SEK 06 107 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012