Electrolux 1997 Annual Report Download - page 43

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39
Electrolux Annual Report 1997
Construction
Machinery in progress
Buildings and other and
Note 11. TANGIBLE FIXED ASSETS (SEKm) and land equipment Inventories advances Total
Group
Acquisition costs
Opening balance 12,812 33,358 4,938 1,348 52,456
Acquired during the year 254 1,420 946 1,709 4,329
Corporate acquisitions/divestments – 1,161 –4,668 –7 – 141 – 5,977
Transfer of work in progress and advances 304 1,003 298 – 1,605 –
Sales, scrapping, etc. – 346 – 1,632 – 913 –13 –2,904
Exchange differences on opening balances
in foreign subsidiaries, etc. 368 1,684 74 112 2,238
Closing balance 12,231 31,165 5,336 1,410 50,142
Accumulated depreciation according to plan
Opening balance 4,368 21,167 2,803 – 28,338
Depreciation for the year 433 2,768 763 – 3,964
Corporate acquisitions/divestments –671 – 3,192 6 – – 3,857
Sales, scrapping, etc. – 188 – 1,500 – 525 – – 2,213
Exchange differences on opening balances
in foreign subsidiaries, etc. 208 1,137 46 – 1,391
Closing balance 4,150 20,380 3,093 – 27,623
Balance-sheet value 8,081 10,785 2,243 1,410 22,519
Tax assessment value, Swedish Group companies:
Buildings SEK 784m (1,686), land SEK 128m (256).
Accumulated write-ups on land at year-end: SEK 45m (45).
Parent company
Acquisition costs
Opening balance 214 1,570 311 68 2,163
Acquired during the year 1 113 40 18 172
Transfer of work in progress and advances 1 61 – – 62 –
Sales, scrapping, etc. – – 95 –81 – – 176
Closing balance 216 1,649 270 24 2,159
Accumulated depreciation according to plan
Opening balance 132 961 228 – 1,321
Depreciation for the year 6 171 35 – 212
Sales, scrapping, etc. – – 84 –74 – – 158
Closing balance 138 1,048 189 – 1,375
Balance-sheet value 78 601 81 24 784
Tax assessment value: buildings SEK 411m (412), land SEK 52m (52).
Undepreciated write-ups on buildings and land: SEK 9m (9).
Group Parent company
Note 12. FINANCIAL FIXED ASSETS (SEKm) 1997 1996 1997 1996
Participations in associated companies 178 244 ––
Participations in other companies 280 223 90 82
Shares in subsidiaries ––24,554 23,309
Long-term receivables in subsidiaries ––3,640 2,714
Long-term holdings in securities 238 275 ––
Other receivables 1,048 528 311 65
Total 1,744 1,270 28,595 26,170
The book value of the parent company’s shares and participations in certain
subsidiaries has been written down and charged against net income in the amount
of SEK 8m (65). A specification of shares and participations is given in Note 25.