Electrolux 2000 Annual Report Download - page 54

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52 ELECTROLUX ANNUAL REPORT 2000
Group Parent company
____________________ ____________________
Note 23. CONTINGENT LIABILITIES (SEKm) 2000 1999 2000 1999
Discounted bills 66 15 ——
Accounts receivable, with recourse 660 369 ——
Guarantees and other commitments
On behalf of subsidiaries ——7,736 4,580
Other 483 444 100 90
Capital value of pension commitments
in excess of reported liability 116 129 34 37
Total 1,325 957 7,870 4,707
Group
____________________
Note 24. ACQUIRED AND DIVESTED OPERATIONS (SEKm) 2000 1999
Fixed assets 18 97
Inventories –272 –108
Receivables –251 –764
Other current assets –102 –103
Liquid funds –37 –147
Loans 22 204
Other liabilities and provisions 196 592
Purchase price 667 1,849
Liquid funds in acquired/divested operations –37 –147
Effect on Group liquid funds 630 1,702
Note 25. EMPLOYEES AND PAYROLL COSTS
Group
____________________
2000 1999
Number of employees by geographical area
Europe 49,671 52,032
North America 22,879 23,174
Rest of the world 14,578 17,710
Total 87,128 92,916
2000 1999
Salaries, other remuneration and employer Salaries and Employer Salaries and Employer
contributions (SEKm) remuneration contributions remuneration contributions
Parent company 1,143 509 1,155 604
(of which pension costs) (121)* (116)
Subsidiaries 16,098 4,349 16,657 4,714
(of which pension costs) (331) (429)
Group total 17,241 4,858 17,812 5,318
(of which pension costs) (452) (545)
*) Of which SEK 6m (19) refers to pension costs for the current company President and his predecessors.
The average number of employees in
2000 was 87,128 (92,916), of whom 58,962 (63,362) were men and 28,166
(29,554) were women.
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
*