Saab 2012 Annual Report Download - page 86

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Revenue by operating segment
Parent Company
MSEK 2012 2011
Aeronautics 5,896 6,178
Electronic Defense Systems 3,361 3,631
Security and Defence Solutions 3,045 2,538
Support and Services 3,036 3,068
Total 15,338 15,415
Revenue by geographical market
Parent Company
MSEK 2012 2011
Sweden 7,494 7,380
Rest of EU 2,324 1,857
Rest of Europe 142 51
North America 1,175 916
Latin America 101 33
Asia 3,150 3,793
Africa 570 851
Australia, etc. 382 534
Total 15,338 15,415
NOTE 5 Other Operating Income
Group Parent Company
MSEK 2012 2011 2012 2011
Gain from reduction in
earn out liability 207 - - -
Gain from other operating
activities 34 47 16 -
Trading result 31 32 31 32
Government grants 21 23 20 21
Gain on sale of associated
companies 11 193 - -
Exchange rate gains
on operating receivables/
liabilities and change in
value of derivatives 9 52 - 16
Gain on sale of intangible
and tangible fixed assets 4 4 3 148
Change in fair value of
biological assets 1 6 - -
Gain on sale of Group
companies 1 976 - -
Other 19 18 7 2
Total 338 1,351 77 219
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 Technolo-
gies.
NOTE 6 Other Operating Expenses
Group Parent Company
MSEK 2012 2011 2012 2011
Loss from other operating
activities -4 -33 - -
Loss on sale of tangible
fixed assets -3 -3 -3 -3
Revaluation of investment
properties -1 -12 - -
Exchange rate losses on
o perating receivables/
l iabilities and change in
value of derivatives -2 -3 -8 -
Loss on sale of Group
companies -2 - - -
Other -7 -26 - -
Subtotal -19 -77 -11 -3
Change in fair value of
derivatives - 6 - -
Change in value of
contracted flows - -6 - -
Subtotal - - - -
Total -19 -77 -11 -3
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 to
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 statement
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  project. e co-nancing is in the form of a roy-
alty loan maximised at  . Repayment will take the form of a royalty
on each delivery to Airbus. rough , the National Debt Oce has paid
out a net of   (), which reduces inventory in the nancial state-
ments.
No contingent liabilities or contingent assets are reported.
NOTE 8 Business Combinations
HITT
On  August, Saab announced that it had made a public cash oer of .
per share for all issued and outstanding ordinary shares of the Dutch com-
pany  ..  is a leading player in the worldwide markets for trac
management and navigation systems. It had  employees mainly based in
the Netherlands, North America and Hong Kong.
On  August, Saab announced that it had entered into a purchase agree-
ment with ‘ majority shareholder, which held  per cent of the issued
and outstanding shares, for the purchase price of  . per share. As a
result of the transaction, Saab gained control over  and the oer thereby
continued as an unconditional mandatory oer for the oer price of  .
per share. e oer period ended on  October. As of December, Saab had
acquired . per cent of the issued and outstanding shares in .
e acquisition of  is in line with Saab’s overall strategy to become a
leading player in the market for trac management. e combination of
 and Saab will strengthen Saab’s market presence and provide a strong
portfolio of products, combining innovative soware systems with state of
the art sensor systems.
NOTE 4, CONT.
FINANCIAL INFORMATION > NOTES
82 SAAB ANNUAL REPORT 2012