Electrolux 2001 Annual Report Download - page 56

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52 ELECTROLUX ANNUAL REPORT 2001
Notes to the financial statements
Note 4 Other operating expenses Group Parent company
2001 2000 1999 2001 2000 1999
Loss on sale of:
Tangible fixed assets –8 –60 –42 –4 –5 –4
Operations and shares –28 –62 –60 –746 –627 –333
Shares of income in associated companies 12 –19 –11 — — —
Depreciation on goodwill –257 –206 –210 — — —
Total –281 –347 –323 –750 –632 –337
Note 5 Items affecting comparability Group
2001 2000 1999
Capital gain, Leisure appliances 3,120 — —
Restructuring –3,261 — —
Allocation of SPP pension refunds — 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 –141 –448 –216
The above items are described in the Report by the Board of Directors on page 34.
Note 6 Leasing
The book value of assets under financial leases consists of building
and land in the amount of SEK 199m.
Note 7 Financial income and expenses Group Parent company
2001 2000 1999 2001 2000 1999
Financial income
Interest income and similar items
From subsidiaries — — — 688 688 450
From others 972 1,011 1,061 251 180 170
Dividends
From subsidiaries — — — 5,554 6,544 3,365
From others 1 18 15 5 4 2
Total financial income 973 1,029 1,076 6,498 7,416 3,987
Financial expenses
Interest expense and similar items
To subsidiaries — — — –589 –466 –259
To others –2,059 –2,110 –2,198 –1,043 –863 –994
Exchange rate differences
On loans and forward contracts
as hedges for equity in subsidiaries — — — –941 –462 –588
On other loans and borrowings, net 20 9 60 14 10 36
Total financial expenses –2,039 –2,101 –2,138 –2,559 –1,781 –1,805
Operating Financial
leases leases
1999 773 53
2000 828 53
2001 1,032 44
In 2001 the Group rented 1.5 million square meters in accor-
dance with operational leasing contracts.The Group also has
leasing contracts for office equipment, etc.The Group’s leasing
costs for 1999, 2000 and 2001 and future payment obligations
for 2002 and onward amount to:
Operating Financial
leases leases
2002 1,039 40
2003–06 1,978 119
2007– 855 —
Total 3,872 159