Income Statement Group
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NOTE 29
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EVENTS AFTER THE BALANCE SHEET DATE
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Infratek acquires 100 percent of the shares in WKTS AB (Wigh Kellokumpu Track Service AB)
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As of the 2 February 2012, Infratek Sverige AB entered into an agreement concerning acquisition of all shares in the Swedish railway company WKTS AB. The company's revenue amounted to SEK 56 million in 2010. As the railway industry is a strategic area of operational growth for Infratek, the company will further realize its ambition of becoming a central participant in the Swedish railway segment.
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Analysis related to the acquisition of WKTS AB:
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Amounts in NOK million
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2012
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Purchase 100% of the shares
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13
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Total consideration
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13
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Fair value acquired net assets
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7
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Goodwill
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6
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Observable assets and liabilities related to the acquisition as of 2 February 2012:
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Amounts in NOK million
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Fair value
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Property, plant and equipment
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5
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Inventories
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1
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Accounts receivable and other receivables
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7
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Cash and cash equivalents
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3
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Accounts payable and other current liabilities
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(7)
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Long-term loan
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(2)
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Acquired net assets
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7
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The Board and management in Infratek do not know of any other events after the balance sheet date that could effect the profit and loss, balance sheet, cash flow or equity.
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