Electrolux 2011 Annual Report Download - page 155
Download and view the complete annual report
Please find page 155 of the 2011 Electrolux annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
 |
 |
annual report 2011 notes all amounts in SEKm unless otherwise stated
Note 29 Shares and participations
Participation in associated companies
2011 2010
Opening balance, January 1 17 19
Acquisitions — —
Operating result 1 —
Dividend — —
Tax — —
Divestment — —
Other — –2
Exchange-rate difference — —
Closing balance, December 31 18 17
Participation in associated companies at December 31, 2011,
included goodwill with the amount of SEK 2m (2).
The Group’s share of the associated companies, all of which are unlisted, were at December 31, 2011, as follows:
Associated companies
2011
Relation to Electrolux1) Income statement Balance sheet
Partici-
pation,%
Carrying
amount
Receiv-
ables Liabilities Sales
Pur-
chases Income
Net
results
Total
assets
Total
liabilities
Sidème, France 39,3 14 31 — 185 1482 2 157 127
European Recycling Platform, ERP, France 24,5 4 — — — — 27 1 — —
Total 18 31 0 185 1 509 3 157 127
1) From Electrolux perspective.
Note 28 Fees to auditors
PricewaterhouseCoopers (PwC) is appointed auditors for the period until the 2014 Annual General Meeting.
Group Parent Company
2011 2010 2011 2010
PwC
Audit fees1) 44 46 7 8
Audit-related fees2) 4131
Tax fees3) 5 6 — 1
All other fees 6 22 3 19
Total fees to PwC 59 75 13 29
Audit fees to other audit firms — 1 — —
Total fees to auditors 59 76 13 29
1) Audit fees consist of fees for the annual audit-services engagement and other audit services, which are those services that only the external auditors reasonably
can provide, and include the Company audit; statutory audits; comfort letters and consents; and attest services.
2) Audit-related fees consist of fees for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s finan-
cial statements or that are traditionally performed by the external auditors, and include consultations concerning financial accounting and reporting standards;
internal control reviews; and employee benefit plan audits. Audit-related fees also include review of interim report.
3) Tax fees include fees for tax-compliance services, including the preparation of original and amended tax returns and claims for refund; tax consultations; tax
advice related to mergers and acquisitions; transfer pricing; requests for rulings or technical advice from taxing authorities; tax-planning services; and expatriate-
tax planning and services.
Companies classified as assets available for sale
Videocon Industries Ltd., India Holding, % Carrying amount
2011 2,9 202
2010 2,9 293
72