Electrolux 1996 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 1996 Electrolux 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.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

Consolidated balance sheet
ASSETS(SEKm) December 31, 1996 December 31, 1995
Current assets
Cash and bank deposits 3,210 3,763
Bonds and other securities 10,300 13,510 10,486 14,249
Notes receivable 4,426 1,758
Accounts receivable 16,068 17,844
Prepaid expense and accrued income 2,113 1,561
Other receivables 2,968 25,575 2,674 23,837
Inventories (Note 6) 17,334 18,359
Advances to suppliers 213 175
Total current assets 56,632 56,620
Blocked accounts for investment and other reserves – 3
Fixed assets
Shares and participations (Note 7) 467 578
Bonds and other securities 252 719 228 806
Notes receivable 23 16
Long-term receivables 528 551 421 437
Goodwill, etc. (Note 8) 3,558 3,175
Advances to suppliers 242 205
Construction in progress 1,106 1,223
Machinery, equipment and tools (Note 9) 14,325 13,110
Buildings (Note 9) 6,758 6,099
Land and land improvements (Note 9) 1,687 27,676 1,478 25,290
Total fixed assets 28,946 26,533
TOTAL ASSETS85,578 83,156
Assets pledged (Note 10) 2,801 1,813
LIABILITIES AND SHAREHOLDERS’ EQUITY(SEKm) December 31, 1996 December 31, 1995
Current liabilities
Notes payable 771 1,024
Accounts payable 8,651 9,003
Tax liability 541 580
Accrued expense and prepaid income 8,628 8,879
Other current liabilities 2,603 3,259
Advances from customers 409 21,603 410 23,155
Bank loans, etc. (Note 12) 13,723 12,303
Total current liabilities 35,326 35,458
Long-term liabilities
Bond loans (Note 12) 6,002 6,628
Mortgage loans, promissory notes, etc. (Note 12) 11,617 17,619 11,273 17,901
Deferred taxes 893 933
Other long-term liabilities 2,421 3,314 2,170 3,103
Provisions for pensions
PRI pensions (Pension Registration Institute) (Note 12) 1,612 1,546
Other pensions 3,327 4,939 3,227 4,773
Total long-term liabilities 25,872 25,777
Minority interests 1,952 617
Shareholders’ equity (Note 14)
Restricted equity
Share capital (Note 15) 1,831 1,831
Statutory reserves 8,538 10,369 8,936 10,767
Unrestricted equity
Retained earnings 10,209 7,789
Net income for the year 1,850 12,059 2,748 10,537
Total shareholders’ equity 22,428 21,304
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY85,578 83,156
Contingent liabilities (Note 16) 2,298 681
31
Electrolux Annual Report 1996