Electrolux 2002 Annual Report Download - page 46

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N 9M 
2002 2001 2000
Minority interests in
Income after financial items 2 133 43
Taxes 7 –15
Net income 9 132 48
N 10 N   
2002 2001 2000
Net income, SEKm 5,095 3,870 4,457
Number of shares1), basic and diluted 327,093,373 340,064,997 359,083,955
Net income per share, basic and diluted, SEK 15.60 11.35 12.40
1)Weighted average number of shares outstanding during the year, after repurchase of own shares.
N 11 I 
Group Parent Company
Product
Goodwill development Software Other Total Brands, etc.
Acquisition costs
Closing balance Dec. 31, 2000 6,145 ——783 6,928 458
Acquired during the year 1,461 —— 6 1,467 205
Sold during the year –141 —— —–141 —
Fully amortized –344 —— —–344 —
Exchange rate differences 524 —— 21 545 —
Closing balance Dec. 31, 2001 7,645 ——810 8,455 663
Acquired during the year 638 —— 80 718 —
Development — 176 19 — 195 2
Fully amortized –727 —— —–727 —
Sold during the year –159 —— —–159 —
Exchange rate differences –918 ——–132 –1,050 —
Closing balance Dec. 31, 2002 6,479 176 19 758 7,432 665
Accumulated depreciation according to plan
Closing balance Dec. 31, 2000 2,710 ——225 2,935 29
Depreciation for the year 257 —— 20 277 1
Sold during the year –129 —— —–129 —
Fully amortized –344 —— —–344 —
Impairment 311 —— —311 —
Exchange rate differences 232 —— 14 246 —
Closing balance Dec. 31, 2001 3,037 ——259 3,296 30
Depreciation for the year 230 5 2 31 268 24
Sold and acquired during the year –35 —— 4 –31 —
Fully amortized –727 —— —–727 —
Impairment 195 —— 1 196 —
Exchange rate differences –389 ——–109 –498 —
Closing balance Dec. 31, 2002 2,311 5 2 186 2,504 54
Net book value Dec. 31, 2001 4,608 ——551 5,159 633
Net book value Dec. 31, 2002 4,168 171 17 572 4,928 611
    
N
N 8
Group
Theoretical and actual tax rates, % 2002 2001 2000
Theoretical tax rate 37.2 38.0 38.2
Losses for which deductions have
not been made 4.6 5.8 3.5
Non-taxable income statement
items, net –8.7 –10.0 –2.1
Timing differences –3.2 5.8 –3.0
Utilized tax-loss carryforwards –0.8 –12.2 –3.3
Dividend tax 0.4 0.6 —
Other 3.1 0.3 –0.8
Actual tax rate 32.6 28.3 32.5
The theoretical tax rate for the Group is calculated on the
basis of the weighted total Group net sales per country, multi-
plied by the local statutory tax rates. In addition, the theoreti-
cal tax rate is adjusted for the effect of non-deductible amorti-
zation of goodwill.
Parent Company
The Group accounts include deferred tax assets of SEK 209m
(610) related to carryforwards and temporary differences in
the Parent Company and deferred tax liabilities of SEK 181m
(139) related to untaxed reserves in the Parent Company.