Axactor Annual Report 2016

Note 15 Tangible assets SEK thousand Land & Buildings Fixtures Vehicles Machines and office equipm. Other Total Cost price 01.01.16 613 613 Additions according to purchase of companies 7,989 22,770 3,379 21,317 13,239 68,694 Additions at cost price - 4,992 - 7,252 187 12,431 Disposals at cost price (incl. writedown) -5,711 -4,526 -208 -13,788 -1,609 -25,841 Currency translation difference -157 157 - - - - Cost price 31.12.16 2,122 23,394 3,171 15,394 11,816 55,897 Accumulated depreciation 01.01.16 -64 -64 Accumulated depreciation according to purchase of companies -2,245 -18,156 -339 -17,923 -11,951 -50,613 Depreciation in 2016 -114 -673 -725 -1,328 -240 -3,079 Disposals accumulated depreciation 1,232 4,432 112 13,715 1,505 20,996 Currency translation difference 122 -322 - -424 110 -514 Accumulated depreciation 31.12.16 -1,005 -14,718 -952 -5,959 -10,640 -33,274 Book value 31.12.16 1,117 8,676 2,219 9,435 1,176 22,623 Useful life 3 yr 3-6 yr 5 yr 3-5 yr 5-10 yr Note 16 Purchased debt Portfolios Specification of portfolios/non performing loans SEK thousand 31 Dec 2016 Portfolio from aqcuired business 539,649 Purchased Portfolios 717,085 Translation differences 3,532 Accumulated acquisition cost at 31.12.2016 1,260,265 Accumulated amortizations Accumulated amortization opening balance from aquired business -3,043 Amortization for the year -32,766 Accumulated amortizations at 31.12.2016 -35,809 Net carrying value Portfolios at 31.12.2016 1,224,457 Payments during the year for investments in purchased debt amounted to TSEK 720.617. Description of Axactor's accounting principles for Purchased Debt, see Note 1 and description of revenue recognition and fair value estimation, see Note 4. Axactor AB | Annual report 2016 49