Saab 2013 Annual Report Download - page 85

Revenue by operating segment
Parent Company
MSEK 2013 2012
Aeronautics 6,708 5,896
Electronic Defense Systems 3,013 3,361
Security and Defence Solutions 3,752 3,045
Support and Services 3,048 3,036
Total 16,521 15,338
Revenue by geographical market
Parent Company
MSEK 2013 2012
Sweden 8,732 7,494
EU excluding Sweden 2,501 2,324
Rest of Europe 249 142
North America 1,288 1,175
Latin America 198 101
Asia 3,002 3,150
Africa 356 570
Australia, etc. 195 382
Total 16,521 15,338
NOTE 5 Other Operating Income
Group Parent Company
MSEK 2013 2012 2013 2012
Gain from reversal of
earn out liability 106 207 - -
Gain on sale of intangible
and tangible fixed assets 37 4 37 3
Trading result 21 31 21 31
Government grants 12 21 9 20
Gain from other operating
activities 4 34 16 16
Exchange rate gains
on operating receivables/
liabilities and change in
value of derivatives 1 9 2 -
Gain on sale of associated
companies - 11 - -
Change in fair value of
biological assets - 1 - -
Gain on sale of Group
companies - 1 - -
Other 23 19 2 7
Total 204 338 87 77
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.
NOTE 6 Other Operating Expenses
Group Parent Company
MSEK 2013 2012 2013 2012
Cost related to lost legal dispute -231 - -231 -
Change in fair value of
biological assets -10 - - -
Exchange rate losses on o perating
receivables/ l iabilities and change in
value of derivatives -8 -2 -10 -8
Revaluation of investment properties -2 -1 - -
Loss from other operating activities -1 -4 - -
Loss on sale of tangible fixed assets -1 -3 -1 -3
Loss on sale of Group companies - -2 - -
Other -4 -7 -12 -
Subtotal -257 -19 -254 -11
Change in fair value of derivatives -9 - - -
Change in value of contracted flows 9 - - -
Subtotal - - - -
Total -257 -19 -254 -11
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   (). e debt as of  December  amounts to  
(), which reduces inventory in the nancial statements.
No contingent liabilities or contingent assets are reported.
NOTE 8 Business Combinations
In May , Saab announced the signing of an agreement to acquire Tekni-
kinformation i Krokom  (), a company that produces and supplies
technical documentation for the civilian and military market and has
employees. e acquisition expands Saab’s service portfolio in technical
services, further strengthening the company’s competitiveness as a supplier
of support solutions. e company is included in the Group’s consolidated
accounts from  May .
In September , Saab announced the acquisition of Hydro-Lek Lim-
ited, a  manipulator and tooling manufacturer for underwater vehicles
with employees. e acquisition strengthens Saab Seaeye’s product portfo-
lio of remotely operated, autonomous and hybrid underwater vehicles with
the ambition to make the company grow further. e company is included in
the Group’s consolidated accounts from  September .
e total consideration of these acquisitions amounted to   of
which   was paid in cash and   in an earn-out liability that may
be paid out based on future earnings. Acquired assets primarily consist of
intangible assets, working capital and operating properties, and amount to
 . Goodwill from the acquisitions amounts to   and is mainly
attributable to the combined workforce and future synergies. e eect on
liquid assets amounts to -. Sales from the acquired entities amount to
.
No other signicant acquisitions were made in .
NOTE 4, CONT.
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2013 81