Electrolux 2001 Annual Report Download - page 63

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ELECTROLUX ANNUAL REPORT 2001 59
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.
Note 21 Interest-bearing liabilities Group
2001 2000 1999
Short-term loans 5,256 8,849 6,727
Long-term loans 17,658 16,299 16,713
Interest-bearing pensions 269 250 295
Total 23,183 25,398 23,735
Long-term borrowings, including 2001 2000 1999
swap transactions, by currency SEKm SEKm SEKm
USD 6,449 7,163 9,612
EUR 10,080 7,986 6,669
Other currencies 1,129 1,150 432
Total 17,658 16,299 16,713
Long-term borrowings, mature as follows 2001
2002 2,020
2003 2,525
2004 3,278
2005 4,701
2006 546
2007 47
Thereafter, up to and including 2038 4,541
Total 17,658
At year-end 2001, the Group had unutilized, uncommitted
credit facilities in the amount of SEK 23,756m (23,270).
Note 22 Accrued expenses and prepaid income
Group Parent company
2001 2000 1999 2001 2000 1999
Accrued holiday pay 1,299 997 884 158 182 180
Other accrued payroll costs 1,081 864 1,274 98 114 116
Accrued interest expenses 265 262 437 220 166 249
Prepaid income 1,256 887 924 28 2 3
Other accrued expenses 4,519 4,255 4,167 344 256 343
Total 8,420 7,265 7,686 848 720 891
Note 23 Contingent liabilities
Group Parent company
2001 2000 1999 2001 2000 1999
Discounted bills 22 66 15 — — —
Accounts receivable, with recourse 580 660 369 — — —
Guarantees and other commitments
On behalf of subsidiaries — — — 8,992 7,736 4,580
Other 539 483 444 127 100 90
Capital value of pension commitments
in excess of reported liability 79 116 129 20 34 37
Total 1,220 1,325 957 9,139 7,870 4,707
Notes to the financial statements