Electrolux 2004 Annual Report Download - page 59

Electrolux Annual Report 2004 55
Notes
Machinery Construction
Land and land and technical Other in progress
Group improvements Buildings installations equipment and advances Total
Accumulated depreciation according to plan
Closing balance Dec. 31, 2002 205 5,171 25,977 1,917 — 33,270
Depreciation for the year 11 387 2,423 249 — 3,070
Corporate divestments –36 –454 –3,252 –124 — –3,866
Sales, scrapping, etc. –12 –226 –2,240 –252 — –2,730
Impairment — — 12 1 — 13
Exchange-rate differences –15 –413 –2,086 –81 — –2,595
Closing balance Dec. 31, 2003 153 4,465 20,834 1,710 — 27,162
Depreciation for the year 8 280 2,278 240 — 2,806
Corporate divestments — — — — — —
Sales, scrapping, etc. –1 –216 –1,110 –150 — –1,477
Impairment 12 141 450 — — 603
Exchange-rate differences –6 –158 –945 –31 — –1,140
Closing balance Dec. 31, 2004 166 4,512 21,507 1,769 — 27,954
Net book value Dec. 31, 2003 1,216 4,172 8,362 683 1,205 15,638
Net book value Dec. 31, 2004 1,204 3,896 8,089 655 2,189 16,033
In 2004, tangible fixed assets in operations within Consumer Durables
Europe, North America and Rest of the world were impaired. The book
values for land were SEK 1,160m (1,160).
The tax assessment value for Swedish Group companies was for
buildings SEK 329m (328), and land SEK 75m (74).
The corresponding book values for buildings were SEK 180m (186),
and land SEK 21m (21). Accumulated write-ups on buildings and land
were at year-end SEK 134m (134). Accumulated impairments on build-
ings and land were at year-end SEK 549m (400) and on machinery and
other equipment SEK 623m (254).
Note 14 continued
Machinery Construction
Land and land and technical Other in progress
Parent Company improvements Buildings installations equipment and advances Total
Acquisition costs
Closing balance Dec. 31, 2002 7 74 1,340 304 29 1,754
Acquired during the year — — 70 99 9 178
Transfer of work in progress and advances — — 1 — –1 —
Sales, scrapping, etc. — — –127 –48 — –175
Closing balance Dec. 31, 2003 7 74 1,284 355 37 1,757
Acquired during the year — — 66 16 38 120
Transfer of work in progress and advances — — 17 — –17 —
Sales, scrapping, etc. –1 –16 –307 –32 — –356
Closing balance Dec. 31, 2004 6 58 1,060 339 58 1,521
Accumulated depreciation according to plan
Closing balance Dec. 31, 2002 2 64 1,011 152 — 1,229
Depreciation for the year — 2 95 33 — 130
Sales, scrapping, etc. — — –123 –12 — –135
Closing balance Dec. 31, 2003 2 66 983 173 — 1,224
Depreciation for the year — 2 85 35 — 122
Sales, scrapping, etc. — –15 –254 –29 — –298
Closing balance Dec. 31, 2004 2 53 814 179 — 1,048
Net book value Dec. 31, 2003 5 8 301 182 37 533
Net book value Dec. 31, 2004 4 5 246 160 58 473
Tax assessment value for buildings was SEK 95m (95), and land
SEK 20m (20). The corresponding book values for buildings were
SEK 5m (8), and land SEK 4m (5). Undepreciated write-ups on
buildings and land were SEK 2m (2).
Note 15 Financial fixed assets
Group Parent Company
2004 2003 2002 2004 2003 2002
Participations in associated companies 196 185 167 — — —
Participations in other companies 46 55 167 96 96 141
Shares in subsidiaries — — — 22,512 21,663 24,200
Long-term receivables in subsidiaries — — — 5,576 6,936 9,645
Long-term holdings in securities 168 149 175 — — —
Other receivables 1,002 887 1,082 39 28 223
Total 1,412 1,276 1,591 28,223 28,723 34,209
A specification of shares and participations is provided in Note 30 on page 67.