Saab 2011 Annual Report Download - page 97

Revenue by operating segment
Parent Company
MSEK 2011 2010
Aeronautics 6,178 6,401
Electronic Defense Systems 3,631 2,534
Security and Defence Solutions 2,538 2,846
Support and Services 3,068 2,964
Total 15,415 14,745
Revenue by geographical market
Parent Company
MSEK 2011 2010
Sweden 7,380 7,623
Rest of EU 1,857 1,997
Rest of Europe 51 54
North America 916 832
Latin America 33 51
Asia 3,793 2,490
Africa 851 1,380
Australia, etc. 534 318
Total 15,415 14,745
NOTE 5
OTHER OPERATING INCOME
Group Parent Company
MSEK 2011 2010 2011 2010
Gain on sale of Group
companies 976 13 - -
Gain on sale of associated
companies 193 24 - -
Exchange rate gains
on operating receivables/
liabilities and change in
value of derivatives 52 27 16 11
Gain from other operating
activities 47 29 - 2
Trading result 32 35 32 35
Government grants 23 26 21 26
Change in fair value of
biological assets 6 43 - -
Gain on sale of intangible
and tangible fixed assets 4 - 148 -
Other 18 25 2 8
Total 1,351 222 219 82
Trading result refers to the result in Saab Treasury from trading in currency
and money market instruments according to the risk mandate approved by
the Board of Directors; see note .
Other operating activities consist of results from subsidiaries that fall out-
side core operations and net rental income from property rentals.
Gain on sale of Group companies primarily refers to C Technologies.
NOTE 6
OTHER OPERATING EXPENSES
Group Parent Company
MSEK 2011 2010 2011 2010
Loss from other operating
activities -33 -33 - -8
Revaluation of investment
properties -12 - - -
Change in value of deriva-
tives -3 - - -
Loss on sale of tangible
fixed assets -3 -7 -3 -7
Loss on sale of Group
companies - -22 - -
Other -26 -8 - -1
Subtotal -77 -70 -3 -16
Change in fair value of deriv-
atives 6 50 - -
Change in value of
contracted flows -6 -50 - -
Subtotal - - - -
Total -77 -70 -3 -16
Other operating activities consist of results from subsidiaries that fall outside
core operations.
NOTE 7
GOVERNMENT GRANTS
Saab receives government grants, mainly various grants from  related
research and development projects. For ,   () has been received.
  () has been recognised through prot or loss by reducing research
and development expenditures and as other operating income. In the state-
ment of nancial position at year-end,   is recognised as prepaid
income.
Saab and the Ministry of Enterprise, Energy and Communications have
reached an agreement with the National Debt Oce to co-nance Saab’s par-
ticipation in the Airbus A project. e co-nancing is in the form of a
royalty loan maximised at  . Repayment will take the form of a roy-
alty on each delivery to Airbus. rough , the National Debt Oce has
paid out a net of   (), which reduces inventory in the nancial
statements.
No contingent liabilities or contingent assets are reported.
NOTE 8
BUSINESS COMBINATIONS AND DIVESTMENTS
On  June , Saab announced a denitive agreement to acquire . com-
pany Sensis Corporation. Sensis is a leading provider of air trac manage-
ment () solutions and surveillance technologies. e acquisition was
completed on  August for approximately  , about  (eect
on liquid assets). In addition, the parties agreed on a maximum potential
earn out payment of  . Saab has estimated the earn out payment at
 .
e acquisition of Sensis strengthens Saab’s existing oer within radar,
sensors, , and defence solutions and establishes a stronger market pres-
ence globally as well as in the .. e acquisition provides a growth platform
from which Saab can build on the combined installed base and skills in sys-
tems engineering, design and integration. Sensis’ customers and partners will
benet from Saab’s product portfolio and global support operations.
NOTE 4, CONT.
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2011 93