Electrolux 1999 Annual Report Download - page 46

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44 Electrolux Annual Report 1999
Group Parent company
____________________ ____________________
Note 23. CONTINGENT LIABILITIES (SEKm) 1999 1998 1999 1998
Discounted bills 15 72 ——
Accounts receivable, with recourse 369 946 ——
Guarantees and other commitments
On behalf of subsidiaries ——4,580 3,744
Other 444 476 90 94
Capital value of pension commitments
in excess of reported liability 129 164 37 29
Total 957 1,658 4,707 3,867
Group
____________________
Note 24. ACQUIRED AND DIVESTED OPERATIONS (SEKm) 1999
Fixed assets 97
Inventories –108
Receivables –764
Other current assets –103
Liquid funds –147
Loans 204
Other liabilities and provisions 592
Purchase price 1,849
Liquid funds in acquired/divested operations –147
Effect on Group liquid funds 1,702
Note 25. EMPLOYEES AND PAYROLL COSTS
Group
____________________
1999 1998
Number of employees by geographical area
Europe 52,032 56,329
North America 23,174 24,786
Rest of the world 17,710 18,207
Total 92,916 99,322
1999 1998
Salaries, other remuneration and employer Salaries and Employer Salaries and Employer
contributions (SEKm) remuneration contributions remuneration contributions
Parent company 1,155 604 1,140 664
(of which pension costs) (116) * (160)
Subsidiaries 16,657 4,714 17,366 5,124
(of which pension costs) (429) (481)
Group total 17,812 5,318 18,506 5,788
(of which pensions costs) (545) (641)
*Of which SEK 19m (10) refers to pension costs for the current company President and his predecessors.
The average number of employees in
1999 was 92,916 (99,322), of whom
63,362 (67,687) were men and 29,554
(31,635) were women.
For specification of number of employees
by country, see page 56.
In addition to the above contingent
liabilities, guarantees for fulfillment of
contractual undertakings 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.
Notes to the financial statements
*