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 23.6, 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 non-current assets 1.8 Accounts receiv able 16.0 Other assets 2.4 Other liabilities -27.4 T ot al oper atin g capit al emplo y ed -7.2 G oodwill from the acquisition 23.6 Acquisition related int an g ible assets 22.8 T ot al capit al emplo y ed 39.2 Net debt -7.3 T ot al acquired net assets 31.9 P urchase price paid -31.9 Liquid funds in accor dance with acquisition analysis 5.8 T ot al impact on the Group ’ s liquid funds -26.1 85 percent of the shares in Protect w ere acquired. No non-controllin 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 70.9 and to net income for the y ear with M SEK 1.7. 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 72.0 and to net income for the y ear with M SEK 1.6. Accounts receiv able includes items not e xpected to be collected amountin g to M SEK 1.2. T r ansaction cos ts amounts to M SEK 0.6. Deferred consider ation amounts to M SEK 11.6 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 103.2, 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 non-current assets 8.6 Accounts receiv able 73.5 Other assets 38.3 Other liabilities -82.0 T ot al oper atin g capit al emplo y ed 38.4 G oodwill from the acquisition 103.2 Acquisition related int an g ible assets 45.4 T ot al capit al emplo y ed 187.0 Net debt -55.4 T ot al acquired net assets 131.6 P urchase price paid -131.6 Liquid funds in accor dance with acquisition analysis 6.2 T ot al impact on the Group ’ s liquid funds -125.4 All the shares in Chillida Sis temas de Siguridad w ere acquired. The acquisition has contributed to tot al sales with M SEK 98.7 and to net income for the y ear with M SEK -12.2. 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 134.5 and to net income for the y ear with M SEK -14.4. Accounts receiv able includes items not e xpected to be collected amountin g to M SEK 39.0. T r ansaction cos ts amounts to M SEK 3.9. 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 20.8, 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 non-current assets 1.7 Accounts receiv able 1.1 Other assets 0.4 Other liabilities -12.5 T ot al oper atin g capit al emplo y ed -9.3 G oodwill from the acquisition 20.8 Acquisition related int an g ible assets 10.3 T ot al capit al emplo y ed 21.8 Net debt 0.0 T ot al acquired net assets 21.8 P urchase price paid -21.8 Liquid funds in accor dance with acquisition analysis – T ot al impact on the Group ’ s liquid funds -21.8 All the shares in T r ailback w ere acquired. The acquisition has contributed to tot al sales with M SEK 11.2 and to net income for the y ear with M SEK 2.3. 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 15.2 and to net income for the y ear with M SEK 3.4. T r ansaction cos ts amounts to M SEK 0.7. Deferred consider ation amounts to M SEK 7.4 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