b) Svedala: Purchase accounting, net

In September 2001, Metso acquired Svedala Industri AB, a Swedish industrial group.

In the transition to IFRS, Metso opted not to restate previous business acquisitions under IFRS 3 “Business combinations”, therefore the excess purchase price of the Svedala acquisition was not allocated retroactively to the acquired intangible assets.

The impact of the purchase accounting adjustments on the reconciliation of net income and shareholders’ equity, excluding the impact of result on Discontinued Operations and translation difference, between IFRS and U.S. GAAP for the Svedala acquisition are as below:

Last updated May 23, 2009