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 28.3, 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 non-current assets 2.4 Accounts receiv able 15.4 Other assets 0.8 Other liabilities -46.5 T ot al oper atin g capit al emplo y ed -27.9 G oodwill from the acquisition 28.3 Acquisition related int an g ible assets 16.1 T ot al capit al emplo y ed 16.5 Net debt – T ot al acquired net assets 16.5 P urchase price paid -16.5 Liquid funds in accor dance with acquisition analysis – T ot al impact on the Group ’ s liquid funds -16.5 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 12.1 and to net income for the y ear with M SEK -1.5. 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 137.4 and to net income for the y ear with M SEK 4.9. T r ansaction cos ts amounts to M SEK 1.5. Deferred consider ation amounts to M SEK 23.2 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 non-current assets 2.4 Accounts receiv able 57.8 Other assets 52.1 Other liabilities 7.7 T ot al oper atin g capit al emplo y ed 120.0 G oodwill from the acquisitions 1 58.1 Acquisition related int an g ible assets 2 98.6 T ot al capit al emplo y ed 276.7 Net debt 26.4 T ot al acquired/ div es ted net assets 3 303.1 P urchase price paid/ consider ation receiv ed 3 -263.0 Liquid funds in accor dance with acquisition analysis 23.3 T ot al impact on the Group ’ s liquid funds -239.7 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 -39.7 and capit al gain accounted for in ret ained earnin g s of M SEK -0.4. T r ansaction cos ts amounts to M SEK 8.7. Deferred consider ation for acquisitions made durin g 2012 amounts to M SEK 41.0 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 0.6. 107 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012