Notes for P&L
All amounts in SEKm unless otherwise stated
Note 33 Acquisitions within business areas
All acquisition analyses, except Camanio, which was acquried in December, was determined. The unspecified amounts refer to assets and equity and are not significant.
The combined consideration for the acquisitions was SEK 5,056.9 million (479.3), of which SEK 3,398.9 million (154,9) was allocated to goodwill and SEK 1,966.6 million (250.5) to other intangible assets. The consideration consists of cash payment and shares. The transaction costs for acquisitions with a takeover date during the 2021 financial year totalled SEK 55.5 million (12.0) and are recognised in selling expenses.
The outcome of additional contingent considerations depends on the results achieved in the companies and has a set maximum level. The fair value of not yet paid contingent consideration for acquisitions made during the financial year is calculated to SEK 257.9 million. which is approximately 91 percent of the maximum outcome.
The values allocated to intangible assets, such as supplier relationships, were assessed at the discounted value of future cash flows. The amortisation period is determined by estimating the annual decrease in sales attributable to each asset.
Supplier relationships are generally amortised over a period of 10 years. The goodwill that arose in connection with the acquisitions is due to the fact that the Group's position in the current market for each acquisition is expected to be strengthened and to the knowledge gained in the acquired companies.
The goodwill resulting from the acquisitions is attributable to expectations that the Group's position in the market in question for each acquisition will grow stronger and to the knowledge accumulated in the companies acquired.
The combined effect of the acquisitions, on consolidated net sales was SEK 1,750 million (508), while the combined effect on EBITA was SEK 211 million (64), operating profit was SEK 73 million (51) and after-tax profit for the year was SEK 26 million (36). Had the acquisitions, been completed on 1 January 2021, their impact would have been approximately SEK 2,530 million (783) on consolidated net sales, SEK 309 million (94) on EBITA, about SEK 112 million (65) on operating profit, and about SEK 48 million (46) on profit after-tax.