Electrolux 2000 Annual Report Download - page 48

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46 ELECTROLUX ANNUAL REPORT 2000
Group Parent company
____________________ ____________________
Note 4. OTHER OPERATING EXPENSE (SEKm) 2000 1999 2000 1999
Loss on sale of:
Tangible fixed assets –60 –42 –5 –4
Operations and shares –62 –60 –627 –333
Shares of income in associated companies –19 –11 ——
Depreciation on goodwill –206 –210 ——
Total –347 –323 –632 –337
Group
____________________
Note 5. ITEMS AFFECTING COMPARABILITY (SEKm) 2000 1999
Allocation of SPP pension surplus 435 —
Capital gain, professional refrigeration 241 —
Restructuring, Consumer Durables –883 —
Restructuring, Professional Products –241 —
Capital gain, vending machines —1,625
Provision for pension litigation —–1,841
Total –448 –216
Note 6. LEASING (SEKm)
Group Parent company
____________________ ____________________
Note 7. INTEREST INCOME AND EXPENSE (SEKm) 2000 1999 2000 1999
Interest income
Interest income and similar items
From subsidiaries ——688 450
From others 1,011 1,061 180 170
Income from other securities and
receivables classified as fixed assets
Dividends from subsidiaries ——6,544 3,365
Dividends from others 18 15 42
Total interest income 1,029 1,076 7,416 3,987
Interest expense
Interest expense and similar items
To subsidiaries ——–466 –259
To others –2,110 –2,198 –863 –994
Exchange differences
On loans and forward contracts
as hedges for equity in subsidiaries ——–462 –588
On other loans and borrowings, net 960 10 36
Total interest expense –2,101 –2,138 –1,781 –1,805
Operating Financial
leases leases
1999 773 53
2000 828 53
Operating Financial
leases leases
2001 714 47
2002–05 1,537 165
2006– 831 22
Total 3,082 234
In 2000 the Group rented 1.3 million
square meters in accordance with opera-
tional leasing contracts.The Group also has
leasing contracts for office equipment, etc.
The Group’s leasing costs for 1999 and
2000 and future payment obligations for
2001 and onward amount to:
The above items are described in the
Report by the Board of Directors,
page 29.
Notes to the financial statements
The book value of assets under financial leases consists of build-
ing and land in the amount of SEK 295m.