NWG // FINANCIAL INFORMATION //
THE GROUP
Note 27 - Acquistion of B . T . C . Activewear Ltd
On September 2 , New Wave Group AB acquired 100 % of the sharesin the British profile clothing company B . T . C . Activewear Limited . The purchase price amounted to GBP 33 million .
The excess value that arose during the acquisition is attributable to goodwill . The goodwill mainly relates to the expected future profitability of the business , the considerable knowledge and competence of the staff and synergy effects on the cost side . Goodwill has an indefinite useful life and is not written off but is tested for impairment annually or when indicated .
SEK million
Not realizable value
Goodwill 0.4 Other intangible fixed assets 2.8 Tangible fixed assets 5.0 Right-of-use assets 13.6
Stock 209.1 Accounts receivable and other short term receivables 127.6 Cash and cash equivalents 9.1 Lease liabilities -13.6 Accounts payables and other short term payables -87.2 Identfiable net assets 266.7
Since the acquisition date , the acquistion has increased the group ' s net sales by SEK 247.0 million and the result for the period by SEK 19.2 million .
If the acquisition took place on 1 January 2022 , the group ' s net sales would have amounted to SEK 9,288.8 million and the result for the period by SEK 1,198.2 million . In addition to the aforementioned results , transaction costs are added for the acquisition , which amounted to SEK -3.7 million .
Note 28 -Subsequent events
No significant events have occurred after the balance sheet date .
Goodwill 141.1
Consideration 407.8
Of which transferred cash -407.8 Acquired cash and cash equivalents 9.1 Change in Group cash and cash equivalents -398.7
ANNUAL REPORT // 109