content_image/293127.jpg content_image/293130.jpg content_image/293128.jpg
## Impact from acquisitions 

In 2013, Carlsberg gained control of Chongqing Brewery Group, South Asian Breweries Group in India and distribution entities acquired from Nordic Getränke, which impacted the income statement by the following amounts: 

<img src='content_image/293127.jpg'>

## CONTINGENT CONSIDERATION 

In 2013 Carlsberg revalued contingent con- siderations for the previous acquisition of shareholdings in Gorkha Brewery (Nepal), Carlsberg South Asia (Singapore), and Oli- varia (Belarus). The revaluations are based on updated information since the initial recognition of the liabilities including new budgets and sales forecasts, discount rates etc. The total revaluation recognised in 2013 is DKK 131m (2012: DKK 17m). 

## Cash flow effect from acquisitions 

The cash flow from acquisition of entities comprises the cash consideration paid net of cash and cash equivalents acquired with the entities. 

## ELEMENTS OF CASH CONSIDERATION PAID 

<img src='content_image/293130.jpg'>

## TOTAL CASH FLOW FROM ACQUISITION OF ENTITIES 

<img src='content_image/293128.jpg'>

