AAK Annual Report 2020

AAK Annual Report 2020 107 During the second quarter 2020, AAK acquired 75 percent of the Russian company NPO Margaron LLC. The effect on AAK’s Balance sheet and Cash flow is shown below. Assets and liabilities recognized as a consequence of the acquisitions Fair value Total fixed assets 27 Total financial assets 1 Total current assets 32 Total non-current liabilities -36 Total current liabilities -12 Fair value of acquired assets and liabilities 12 Goodwill 242 Non-current liabilities -216 Total purchase consideration transferred 38 Net outflow of cash and cash equivalents on account of the acquisitions Cash and cash equivalents paid for the acquisitions 38 Cash and cash equivalents in the companies acquired at the acquisition date 0 Impact on the Group’s cash and cash equivalents 38 During the third quarter 2020, AAK paid an additional purchase price for BD Foods Ltd. for an amount of SEK 15 million. During the fourth quarter, AAK acquired the remaining 31 percent of the shares in AAK Kamani for an amount of SEK 359 million. The Group’s operations are organizationally divided into business segments based on product. The marketing organization also reflects this structure. All transactions between business segments are recognized at market value. Assets and lia- bilities not attributed to a segment include tax assets and tax liabilities, financial investments and financial liabilities, as well as cash and cash equivalents and interest-bearing receivables. The external sales are based on where our customers are located. The carrying amounts of assets and the direct investment in plant for the period are determined by the location of the assets. Segment-based reporting is prepared in accordance with the accounting policies described in Note 2 ”Accounting Policies”. Note 27 | Acquisitions Note 28 | Segment reporting