Electrolux 1997 Annual Report Download - page 46

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42
Electrolux Annual Report 1997
Notes to the financial statements
Note 24. EMPLOYEES AND PAYROLL COSTS
The average number of employees in 1997 was 105,950 (112,140), of which 73,031 (78,437) were men and 32,919 (33,703)
were women. For specification of number of employees by country, see page 52. 1997 1996
Salaries and Employer Salaries and Employer
remuneration contributions remuneration contributions
Salaries, other remuneration and employer contributions (SEKm)
Parent company 1,087 563 990 438
(of which pension costs) (155) (98)
Subsidiaries 18,796 5,622 19,259 5,736
(of which pension costs) (415) (499)
Group total 19,883 6,185 20,249 6,174
(of which pensions costs) (570) (597)
1997 1996
Boards and Other Boards and Other
Presidents employees Presidents employees
Salaries and remuneration by geographical area, for Board members, etc.
and other employees (SEKm)
Sweden
Parent company 9 1,078 9 981
Other 55 1,191 65 2,008
Total Sweden 64 2,269 74 2,989
EU excluding Sweden 165 10,360 187 10,689
Rest of Europe 15 393 13 365
North America 33 4,990 36 4,285
Latin America 15 791 16 783
Asia 24 617 29 646
Africa 138 130
Oceania 4104 3 103
Total outside Sweden 257 17,293 285 16,901
Group total 321 19,562 359 19,890
Note 22. ACCRUED EXPENSE Group Parent company
AND PREPAID INCOME (SEKm) 1997 1996 1997 1996
Accrued holiday pay 1,026 1,019 167 156
Other accrued payroll costs 1,151 1,600 118 98
Accrued interest expense 1,435 1,995 293 322
Prepaid income 317 348 616
Accrued expense 2,637 1,505 147 117
Total 6,566 6,467 731 709
Group Parent company
Note 23. CONTINGENT LIABILITIES (SEKm) 1997 1996 1997 1996
Discounted bills 109 102 ––
Accounts receivable, with recourse 1,529 1,791 ––
Guarantees and other commitments
On behalf of subsidiaries ––5,970 7,388
Other 344 331 49 36
Capital value of pension commitments in excess of reported liability 101 135 23 15
Total 2,083 2,359 6,042 7,439
In addition to the above contingent liabilities, guarantees for fulfillment of contractual under-
takings are given as part of the Group’s normal course of business. There was no indication at
year-end that payment will be required in connection with any contractual guarantees.