Electrolux 2003 Annual Report Download - page 54

52 Electrolux Annual Report 2003
Notes
Operating income includes net exchange-rate differences in the amount
of SEK 225m (–7). Net sales in Sweden amounted to SEK 4,307 m
(4,473). Exports from Sweden during the year amounted to SEK 9,463m
(10,547), of which SEK 7,688 m (8,587) was to Group subsidiaries.
The Group’s Swedish factories accounted for 7.6% (6.8) of the total value
of production. Costs for research and development amounted to
SEK 1,322m (1,627) and are included in Cost of goods sold.
Note 5 Other operating income
Note 6 Other operating expenses
Note 7 Items affecting comparability
Group
2003 2002 2001
Capital gains, Leisure appliances — 1,800 3,120
Other capital gains — 110 —
Capital loss, Compressors –85 — —
Provision loan guarantees –293 — —
Restructuring and impairment –85 –2,344 –3,261
Total –463 –434 –141
Group Parent Company
2003 2002 2001 2003 2002 2001
Loss on sale of
Tangible fixed assets –24 –43 –8 — — –4
Operations and shares –13 –23 –28 –912 –2,209 –746
Shares of income in associated companies –32 24 12 — — —
Amortization of goodwill –182 –230 –257 — — —
Total –251 –272 –281 –912 –2,209 –750
Amounts in SEKm, unless otherwise stated
Note 4 Net sales and operating income
Group Parent Company
2003 2002 2001 2003 2002 2001
Gain on sale of
Tangible fixed assets 99 62 119 — — —
Operations and shares 31 73 31 1,840 77 19
Total 130 135 150 1,840 77 19
Items affecting comparability in 2003 include a capital loss from the
divestment of the compressor operation, a provision for previously issued
loan guarantees for launderette operators in Germany as well as write-
down of assets in the partly owned railcar operator Nordwaggon.
The items are further described in the Report by the Board of Directors on page 30.
Note 3 continued
Geographical segments
The Group’s business segments operate mainly in three geographical
areas of the world; Europe, North America, Rest of the world. Sales by
market are presented below and show the Group’s consolidated sales by
geographical market, regardless of where the goods were produced.
Sales, by market
2003 2002
Europe 59,460 61,632
North America 49,205 53,391
Rest of the world 15,412 18,127
Total 124,077 133,150
Assets and capital expenditure, by geographical area
Assets Capital expenditure
2003 2002 2003 2002
Europe 53,954 58,293 1,820 1,869
North America 18,597 22,671 1,157 1,042
Rest of the world 4,477 4,460 486 424
Total 77,028 85,424 3,463 3,335
Items affecting comparability
Impairment/restructuring Capital gain/losses
2003 2002 2003 2002
Europe — –303 — —
North America — –396 — —
Rest of the world — –723 — —
Total Consumer Durables — –1,422 — —
Professional Indoor –293 –922 –85 1,910
Professional Outdoor — — — —
Total Professional
Products –293 –922 –85 1,910
Other — — –85 —
Total –293 –2,344 –170 1,910
Inter-segment sales exist only within Consumer Durables with the
following split:
2003 2002
Europe 1,061 1,049
North America 551 747
Rest of the world 40 27
Eliminations –1,652 –1,823