Saab 2014 Annual Report Download - page 129

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FINANCIAL INFORMATION – NOTES
Adjustments for items not affecting cash flow
Group Parent Company
MSEK 2014 2013 2014 2013
Depreciation and
amortisation 872 1,034 582 572
Write-downs - 13 - -
Changes in the value of
biological assets 7 10 - -
Changes in the value of
investment properties -2 2 - -
Share of profits in
associated companies -18 -25 - -
Dividends from associa-
ted companies 2 10 - -
Dividends and Group
contributions from/to
Group companies - - -104 -653
Capital gains/losses from
sales of Group compa-
nies, associated compa-
nies and other shares -161 - -256 -
Capital gains/losses on
sales of tangible fixed
assets 1 -12 2 -36
Write-down of shares
and receivables 19 133 1 632
Provisions -15 124 -15 190
Provisions for pensions 45 29 -79 -115
Other -25 -94 51 24
Total 725 1,224 182 614
Investments in operations and subsidiaries
Group
MSEK 2014 2013
Acquired assets and liabilities
Intangible fixed assets 259 40
Tangible fixed assets 157 4
Financial fixed assets 12 -
Deferred tax assets 281 -
Inventories 35 9
Current receivables 372 17
Liquid assets 540 -
Total assets 1,656 70
Provisions for pensions 186 -
Other provisions 601 -
Deferred tax liability - 4
Interest-bearing liabilities - 3
Current liabilities 529 13
Total liabilities 1,316 20
Purchase price paid 356 51
Less: Liquid assets in acquired operations -540 -4
Effect on the Group’s liquid assets (positive (-) /
negative (+)) -184 47
Effect on the Group’s net liquidity (positive (-) / negative
(+)) -184 44
Acquisitions in 2014 relate to ThyssenKrupp Marine Systems AB. Purchase price
paid includes payment to minority stakeholders in Bayes Risk Management AS.
Acquisitions in 2013 mainly relate to Teknikinformation i Krokom AB (TIKAB) and
the British company Hydro-Lek Limited.
Acquisition of associated companies
Group
MSEK 2014 2013
Acquired assets and liabilities
Financial fixed assets 32 21
Total assets 32 21
Purchase price paid 32 21
Effect on Group’s liquid assets (positive (-) / nega-
tive (+)) 32 21
Acquisitions in 2014 relate to KedTech AB and acquisitions in the venture portfolio.
Acquisitions in 2013 relate to acquisitions in the venture portfolio
Sale of subsidiaries and associated companies
Group
MSEK 2014 2013
Divested assets and liabilities
Tangible fixed assets 75 -
Financial fixed assets 123 -
Deferred tax assets 3 -
Inventories 35 -
Current receivables 41 -
Liquid assets 19 -
Total assets 296 -
Provisions 1 -
Deferred tax liability 4 -
Current liabilities 58 -
Total liabilities 63 -
Sales price 318 -
Purchase price received 318 -
Less: Liquid assets in divested operations -19 -
Effect on the Group’s net liquidity 299 -
Of which liquid assets 299 -
Divestments in 2014 relate to the shares in Hawker Pacific Airservices Ltd, a pro-
perty company and the deconsolidation of Saab Grintek Technologies (Pty) Ltd.
NOTE 47 INFORMATION ON PARENT
COMPANY
Saab AB (publ) is a limited company registered in Sweden, with its registered office
in Linköping. The Parent Company’s shares are registered on the Nasdaq Stock-
holm. The address of the head office is Saab AB, Box 12062, SE-102 22 Stock-
holm, Sweden.
The consolidated accounts for 2014 comprise the Parent Company and its
Group companies, together referred to as the Group. The Group also includes the
holdings in associated companies and joint ventures.
Saab AB also operates a small business in a South Korean branch.
SAAB ANNUAL REPORT 2014 – 125