Electrolux 1997 Annual Report Download - page 37

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33
Electrolux Annual Report 1997
Parent company balance sheet
ASSETS (SEKm) December 31, 1997 December 31, 1996
Fixed assets
Intangible assets (Note 10) 73 138
Tangible assets (Note 11) 784 846
Financial assets (Note 12) 28,595 26,170
Total fixed assets 29,452 27,154
Current assets
Inventories, etc. (Note 13) 482 467
Current receivables
Receivable from subsidiaries 406 1,142
Accounts receivable 458 451
Tax refund claim 42 –
Other receivables 36 59
Prepaid expense and accrued income 119 1,061 200 1,852
Short-term placements 2,525 6,217
Cash and bank balances 634 3,159 357 6,574
Total current assets 4,702 8,893
TOTAL ASSETS 34,154 36,047
Assets pledged (Note 14) 10 –
EQUITY AND LIABILITIES (SEKm) December 31, 1997 December 31, 1996
Equity (Note 16)
Share capital (Note 17) 1,831 1,831
Statutory reserve 2,731 2,731
Retained earnings 4,106 5,360
Net income 1,652 10,320 1,263 11,185
Untaxed reserves (Note 18) 574 676
Provisions
Provisions for pensions
and similar commitments (Note 19) 848 759
Other provisions (Note 20) 156 1,004 144 903
Financial liabilities
Payable to subsidiaries 4,404 2,448
Bond loans 10,034 8,711
Mortgages, promissory notes, etc. 4,189 8,600
Short-term loans 2,103 20,730 2,084 21,843
Operating liabilities
Payable to subsidiaries 292 213
Accounts payable 460 398
Tax liability –45
Other liabilities 43 75
Accrued expense
and prepaid income (Note 22) 731 1,526 709 1,440
TOTAL EQUITY AND LIABILITIES 34,154 36,047
Contingent liabilities (Note 23) 6,042 7,439