Electrolux 2003 Annual Report Download - page 37

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Electrolux Annual Report 2003 35
Report by the Board of Directors for 2003
Consolidated balance sheet
Amounts in SEKm, unless otherwise stated Note Dec. 31, 2003 Dec. 31, 2002 Dec. 31, 2001
Assets
Fixed assets
Intangible assets Note 13 4,782 4,928 5,159
Tangible assets Note 14 15,638 18,188 22,526
Financial assets Note 15 1,276 1,591 1,888
Deferred tax assets Note 10 1,914 2,991 2,778
Total fixed assets 23,610 27,698 32,351
Current assets
Inventories, etc. Note 16 14,945 15,614 17,001
Current receivables
Accounts receivable Note 17 21,172 22,484 24,189
Taxes receivable 490 580 1,017
Other receivables Note 18 2,972 3,713 5,998
Prepaid expenses and accrued income 1,237 1,035 1,517
25,871 27,812 32,721
Liquid funds Note 18
Short-term investments 8,577 8,316 4,061
Cash and cash equivalents 4,025 5,984 8,313
12,602 14,300 12,374
Total current assets 53,418 57,726 62,096
Total assets 77,028 85,424 94,447
Assets pledged Note 19 423 1,908 2,410
Equity and liabilities
Equity Note 20
Share capital Note 21 1,621 1,694 1,831
Restricted reserves 11,711 14,287 13,438
Retained earnings 9,352 6,553 9,725
Net income 4,778 5,095 3,870
27,462 27,629 28,864
Minority interests 27 592 699
Provisions
Provisions for pensions and similar commitments Note 23 5,678 6,018 4,095
Deferred tax liabilities Note 10 1,256 1,998 1,848
Other provisions Note 24 4,427 5,582 6,493
11,361 13,598 12,436
Financial liabilities
Long-term loans Note 18 8,173 13,759 17,658
Short-term loans 4,009 1,618 5,256
12,182 15,377 22,914
Operating liabilities
Accounts payable 14,857 16,223 17,304
Tax liabilities 1,180 1,211 1,198
Other liabilities 1,935 2,535 2,612
Accrued expenses and prepaid income Note 25 8,024 8,259 8,420
25,996 28,228 29,534
Total equity and liabilities 77,028 85,424 94,447
Contingent liabilities Note 26 1,179 949 1,220