Saab 2012 Annual Report Download - page 82
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Please find page 82 of the 2012 Saab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Financial assets and liabilities and other nancial instruments
e Parent Company carries nancial xed assets at cost less impairment and
nancial current assets according to the lowest value principle. If the reason
for impairment has ceased, it is reversed.
e Parent Company does not apply the rules for setting o nancial
assets and liabilities.
Derivatives and hedge accounting
Derivatives that are not used for hedging are carried by the Parent Company
according to the lowest value principle. For derivatives used for hedging, rec-
ognition is determined by the hedged item. is means that the derivative is
treated as an o balance sheet item as long as the hedged item is recognised at
cost or is not included on the balance sheet. Receivables and liabilities in for-
eign currency hedged with forward contracts are valued at the forward rate.
Employee benets
e Parent Company complies with the provisions of the Law on Safeguarding
of Pension Commitments and the regulations of the Swedish Financial
Supervisory Authority, since this is a condition for tax deductibility.
Untaxed reserves
e amounts allocated to untaxed reserves constitute taxable temporary dif-
ferences. Due to the connection between reporting and taxation, the deferred
tax liability is recognised in the Parent Company as part of untaxed reserves.
Group contributions and shareholders’ contributions
Shareholders’ contributions are recognised directly in the equity of the recipi-
ent and capitalised in the shares and participating interests of the contributor,
to the extent impairment is not required.
Group contributions received and paid are recognised through prot or
loss in nancial income and expenses.
FINANCIAL INFORMATION > NOTES
78 SAAB ANNUAL REPORT 2012