On 9 March 2016, the Extraordinary General Meeting resolved on the distribution of all Addtech shares in AddLife AB to the shareholders of Addtech. The first day of trading of AddLife’s Class B shares on Nasdaq Stockholm was 16 March 2016.
The divestment has been reported separately as discontinued operations in the income statement in accordance with IFRS 5. A discontinued operation is recognised separately from continuing operations in the income statement with retroactive effect for earlier periods. AddLife is recognised as a discontinued operation below. (For further information, see note 34 Discontinued operations in Annual report 2015/2016).
| Profit for discontinued operations for the period, SEKm | 2016/2017 | 2015/2016 |
|---|---|---|
| Operting income | – | 1,402 |
| Operating expenses | – | -1,303 |
| Operating profit | – | 99 |
| Profit from disposal operations | – | 1,562 |
| Financial items | – | -3 |
| Profit before tax | – | 1,658 |
| Income tax expense | – | -22 |
| Profit after tax | – | 1,636 |
| Cash flow attributable to discontinued operations, SEKm | 2016/2017 | 2015/2016 |
|---|---|---|
| Cash flow from operating activities | – | 109 |
| Cash flow from investing activities | – | -266 |
| Cash flow from financing activities | – | 76 |
| Cash flow for the period | – | -81 |
| Assets of discontinued operations, SEKm | 2016/2017 | 2015/2016 |
|---|---|---|
| Goodwill | – | 543 |
| Intangible non-current assets | – | 261 |
| Property, plant and equipment | – | 70 |
| Non-current financial assets | – | 10 |
| Inventories | – | 224 |
| Other current assets | – | 325 |
| Total assets | – | 1,433 |
| Liabilities of discontinued operations, SEKm | 2016/2017 | 2015/2016 |
| Deferred tax liabilities | – | 58 |
| Non-current liabilities | – | 611 |
| Current liabilities | – | 348 |
| Total liabilities | – | 1,017 |