Axactor Annual Report 2016

Note 28 Transaction with related parties SEK thousand 2016 2015 Strata Marine & Offshore AS, a previous major shareholder. Managerial services for first half of 2015 - 94 Ferncliff TIH II AS, a company closely related to Strata Marine & Offshore. Success fee of NOK 4 million for services rendered in connection with the ALD Acquisition. Agreement approved and ratified by the EGM in November 17, 2015 - 3,757 In EGM in November 17, 2015 a success fee agreement was also approved and entered between three companies controlled by Mrssr. Endre Rangnes, Johnny Tsolis and Einar Greve. These subsecquently , after the ALD acuisition, were apponted CEO, Head of Strategy and Chairman of the Board. The paid out amounts were 1,85 MNOK, 1,65 MNOK and 3 MNOK, respectively. - 6,105 Wistrand Law Firm in Gotenburg. Axactor's member of the Board of Directors, Per Dalemo is employed by Wistrand Law firm, which was legal advisors in regard to the acquisition of ALD in Spain and various share issues in 2015. Per Dalemo was not a part of the legal team extending services to Axactor. 1,675 2,366 Related Pary balances as per year end Loan from Ulrik Jansson (previous Chairman of the Board) 5,749 5,167 Accounts payables, Wistrand - 2,366 Note 29 Purchase price allocations Axactor has during 2016 acquired the below companies and consequently controls the subsidiaries from the date of acquisition. In the purchase price allocations (PPA), the assets and liabilities of the companies have been measured at the estimated fair value at the acquisition date. The preliminary purchase price allocation identified fair value adjustments on Intangible assets like customer relations, databases, off market contracts, goodwill and deferred tax liabilities/assets. The residual value of the purchase price allocation is allocated to goodwill. Axactor AB | Annual report 2016 59