Saab 2012 Annual Report Download - page 99

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NOTE 21 Shares in Associated Companies Consolidated
According to the Equity Method
Group
MSEK 2012 2011
Carrying amount, 1 January 288 251
Acquisition of associated companies - 104
Sale of associated companies -7 -4
Share in associated companies’ income 1) 27 -12
Reclassifications 3 -
Translation differences and internal gains -9 -1
Dividends -2 -50
Carrying amount, 31 December 300 288
1) Share in associated companies’ net income and non-controlling interests.
Results from Wah Nobel (Pvt) Ltd. are recognised as nancial income and
expenses through prot or loss. Other associated companies are held for
operating purposes; i.e. they are related to operations of the business areas or
in the venture portfolio and are therefore recognised in operating income.
During  Saab’s independent business area Combitech acquired all shares
in Sörman Intressenter . Accordingly, Sörman Intressenter is no longer an
associated company of Saab.
Saab did not make any other signicant acquisitions or sales of shares in
associated companies during .
Shares in associated companies as of  December  include goodwill of
  ().
e Group’s share of sales, income, assets, liabilities and the carrying amount
of shares in associated companies is as follows.
2012
MSEK Country Sales
Share in
associated
companies’
income
Associated companies
Hawker Pacific Airservices Ltd Hong Kong 694 4
Wah Nobel (Pvt) Ltd Pakistan 19 2
Taurus Systems GmbH Germany 26 8
S.N. Technologies SA Switzerland 18 -1
Industrikompetens i Östergötland AB Sweden 35 -1
Omnigo (Pty) Ltd South Africa 24 -1
Kontorsbolaget i Karlskoga AB Sweden 21 1
FFV Services Private Limited India 11 -
AVIA SATCOM Co., Ltd Thailand 72 19
Other associated companies in the
venture portfolio 15 -4
Total 935 27
2011
MSEK Country Sales
Share in
associated
companies’
income
Associated companies
Hawker Pacific Airservices Ltd Hong Kong 540 -17
Wah Nobel (Pvt) Ltd Pakistan 16 4
Taurus Systems GmbH Germany 50 2
S.N. Technologies SA Switzerland 15 -
Industrikompetens i Östergötland AB Sweden 46 -
Omnigo (Pty) Ltd South Africa 26 1
Kontorsbolaget i Karlskoga AB Sweden 21 1
Sörman Intressenter AB Sweden 40 3
FFV Services Private Limited India - -
AVIA SATCOM Co., Ltd Thailand 21 -
Other associated companies in
the venture portfolio 11 -6
Total 786 -12
31-12-2012
MSEK Assets Liabilities
Booked
value,
shares in
associated
companies
Ownership
interest, %
Associated companies
Hawker Pacific Airservices Ltd 299 191 108 32.3
Wah Nobel (Pvt) Ltd 33 8 25 27.2
Taurus Systems GmbH 37 28 9 33.0
S.N. Technologies SA 13 4 9 50.0
Industrikompetens i
Östergötland AB 18 8 10 33.0
Omnigo (Pty) Ltd 13 7 6 40.0
Kontorsbolaget i
Karlskoga AB 125 119 6 50.0
FFV Services Private Limited 14 1 13 49.0
AVIA SATCOM Co., Ltd 115 21 94 36.6
Other associated companies
in the venture portfolio 25 5 20 -
Total 692 392 300 -
31-12-2011
MSEK Assets Liabilities
Booked
value,
shares in
associated
companies
Ownership
interest, %
Associated companies
Hawker Pacific Airservices Ltd 291 181 110 32.3
Wah Nobel (Pvt) Ltd 31 7 24 27.2
Taurus Systems GmbH 58 55 3 33.0
S.N. Technologies SA 21 10 11 50.0
Industrikompetens i
Östergötland AB 18 7 11 33.0
Omnigo (Pty) Ltd 16 8 8 40.0
Kontorsbolaget i
Karlskoga AB 126 121 5 50.0
Sörman Intressenter AB 18 14 4 25.3
FFV Services Private Limited 25 12 13 49.0
AVIA SATCOM Co., Ltd 106 28 78 36.6
Other associated companies
in the venture portfolio 26 5 21 -
Total 736 448 288 -
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2012 95