Electrolux 1997 Annual Report Download - page 35

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31
Electrolux Annual Report 1997
Consolidated balance sheet
ASSETS (SEKm) December 31, 1997 December 31, 1996
Fixed assets
Intangible assets (Note 10) 3,517 3,558
Tangible assets (Note 11) 22,519 24,118
Financial assets (Note 12) 1,744 1,270
Total fixed assets 27,780 28,946
Current assets
Inventories, etc. (Note 13) 16,110 17,138
Current receivables
Accounts receivable 21,184 20,494
Other receivables 2,014 2,968
Prepaid expense and accrued income 2,718 25,916 2,113 25,575
Short-term placements 6,063 10,300
Cash and bank balances 3,771 9,834 3,210 13,510
Total current assets 51,860 56,223
TOTAL ASSETS 79,640 85,169
Assets pledged (Note 14) 2,973 2,801
EQUITY AND LIABILITIES (SEKm) December 31, 1997 December 31, 1996
Equity (Note 16)
Share capital (Note 17) 1,831 1,831
Statutory reserves 9,716 8,538
Retained earnings 8,666 10,209
Net income 352 20,565 1,850 22,428
Minority interests 913 1,952
Provisions
Provisions for pensions
and similar commitments (Note 19) 6,247 5,974
Other provisions (Note 20) 4,656 10,903 3,054 9,028
Financial liabilities
Long-term bond loans (Note 21) 7,827 6,002
Mortgages, promissory notes, etc. (Note 21) 10,864 16,430
Short-term loans 9,788 28,479 8,910 31,342
Operating liabilities
Accounts payable 9,879 9,422
Tax liability 26 541
Other liabilities 2,309 3,989
Accrued expense and prepaid income (Note 22) 6,566 18,780 6,467 20,419
TOTAL EQUITY AND LIABILITIES 79,640 85,169
Contingent liabilities (Note 23) 2,083 2,359