Scania Annual Report 2011

121
NOTE 25 Businesses acquired/divested
Acquired/divested assets
and liabilities
Carrying
amounts upon
acquisition
Businesses acquired
Businesses divested
2011 2010 2009 2011 2010 2009
Carrying
amounts upon
acquisition
Carrying
amounts upon
acquisition
Carrying
amounts upon
divestment No divestment No divestment
Tangible and intangible
non-current assets 7 68 73 –23 – –
Inventories 8 40 52 –4 – –
Receivables 7 36 – – – –
Cash and cash equivalents – 0 – – – –
Borrowings – –4 – – – –
Other liabilities and provisions –11 –93 –7 – – –
Net identifiable assets and liabilities 11 47 118 –27 – –
Goodwill in consolidation 3 9 – – – –
Purchase price 14 56 118 –58 – –
Cash and cash equivalents
in companies acquired/divested – 0 – – – –
Impact on consolidated cash
and cash equivalents –14 –56 –118 58 – –
Number of employees 35 157 185 30 – –
During 2011 Scania acquired dealerships in Norway and France. During 2010 Scania acquired
dealerships in France, Switzerland and Italy. During 2009 Scania acquired dealerships in
Denmark and France. Carrying amounts were deemed to correspond to fair value. Acquired
businesses have the following accumulated effect on the 2011 accounts: “Net sales” minus
intra-Group sales, SEK +32 m.; “Gross income”, SEK +6 m.; “Expenses”, SEK –2 m.;
“Operating income, SEK +4 m.; and “Income before taxes”, SEK +4 m.
If the acquisitions had occurred at the beginning of the year, the acquired businesses would
have had the following impact on the 2011 financial statements: “Net sales” minus intra-Group
sales, SEK +68 m.; “Gross income”, SEK +32 m.; “Expenses”, SEK –24 m.; “Operating income”,
SEK +7 m.; and “Income before taxes”, SEK +7 m.
During 2011, Scania divested its car dealership business in Finland. During 2010 and 2009
no divestments occurred. Divested businesses have the following accumulated effect on the
2011 accounts: “Net sales” minus intra-Group sales, SEK +66 m.; “Gross income”, SEK +9 m.;
“Expenses”, SEK -6 m.; “Operating income”, SEK +3 m.; and “Income before taxes”, SEK +3. m.
NOTE 26 Wages, salaries and other remuneration and number of employees
Wages, salaries and other remuneration, pension expenses
and other mandatory payroll fees (excluding personnel on hire) 2011 2010 2009
Boards of Directors, Presidents and Executive (or Group) Vice Presidents 1 405 401 264
– of which bonuses 135 138 26
Other employees 12,374 11,327 10,491
Subtotal 2 12,779 11,728 10,755
Pension expenses and other mandatory payroll fees 4,227 3,933 3,640
– of which pension expenses 3 995 1,036 1,127
Total 17,006 15,661 14,395
1 The number of Board members and executive officers was 478 (455 and 489, respectively).
2 Including non-monetary remuneration.
3 Of the pension expense in the Group, SEK 40 m. (33 and 36, respectively) was for Boards of Directors
and executive officers in the Scania Group. At year-end, the total pension obligation was SEK 151 m.
(135 and 137, respectively) for this category.
financial reports Scania 2011