Electrolux 2000 Annual Report Download - page 51

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ELECTROLUX ANNUAL REPORT 2000 49
Group Parent company
____________________ ____________________
Note 14. INVENTORIES (SEKm) 2000 1999 2000 1999
Raw materials 4,397 4,169 152 155
Work in progress 912 793 17 45
Finished products 11,987 11,587 521 430
Advances to suppliers 52 36 ——
Advances from customers –468 –414 ——
Total 16,880 16,171 690 630
Note 15. ASSETS PLEDGED FOR LIABILITIES TO Group Parent company
____________________ ____________________
CREDIT INSTITUTIONS (SEKm) 2000 1999 2000 1999
Real-estate mortgages 1,095 1,817 ——
Corporate mortgages 911 ——
Receivables 383 342 ——
Inventories 387 336 ——
Other 243 585 911
Total 2,117 3,091 911
Share Restricted Retained Net
Note 16. EQUITY (SEKm) capital reserves earnings income Total
Group
Opening balance 1,831 11,036 8,739 4,175 25,781
Transfer of retained earnings — — 4,175 –4,175 —
Dividend payment — — –1,282 — –1,282
Repurchase of shares — — –3,193 — –3,193
Translation differences — — 561 — 561
Transfers between restricted and unrestricted equity — 814 –814 — —
Net income — — — 4,457 4,457
Closing balance 1,831 11,850 8,186 4,457 26,324
Share Statutory Retained Net
capital reserve earnings income Total
Parent company
Opening balance 1,831 2,731 5,733 2,734 13,029
Transfer of retained earnings — — 2,734 –2,734 —
Dividend payment — — –1,282 — –1,282
Repurchase of shares — — –3,193 — –3,193
Net income — — — 6,504 6,504
Closing balance 1,831 2,731 3,992 6,504 15,058
Unrestricted consolidated earnings
amount to SEK 12,643m. No allocation
to restricted reserves is required.
SEK 2,316m (2,127) referring to the
share of equity in timing differences is
reported under “Restricted reserve” in
the balance sheet.This amount can be
transferred to unrestricted reserves but
the timing differences will then be sub-
ject to taxation.The accumulated trans-
lation differences charged to equity
since January 1, 1998 amount to
SEK –353m (–914).Translation differ-
ences in 2000 amount to SEK 561m
and have been reduced by SEK 575m
through equity hedging.