Electrolux 2012 Annual Report Download - page 47

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Note 8 Leasing
Financial leases
Electrolux has no material financial leases.
Operating leases
The future amount of minimum lease-payment obligations are
distributed as follows:
Operating leases
2013 715
2014–2017 1,702
2018– 640
Total 3,057
Expenses in 2012 for rental payments (minimum leasing fees)
amounted to SEK 779m (839). Among the Group’s operating leases
there are neither material contingent expenses, nor restrictions.
Note 9 Financial income and financial expenses
Group Parent Company
2012 2011 2012 2011
Financial income
Interest income
From subsidiaries — — 609 328
From others 203 336 49 31
Dividends from subsidiaries — — 1,259 2,150
Group contribution
from subsidiaries — — 219 217
Other financial income 1 1 1 1
Total financial income 204 337 2,137 2,727
Financial expenses
Interest expenses
To subsidiaries — — –139 –23
To others -804 –598 –684 – 474
Group contribution
to subsidiaries — — –55 –52
Exchange-rate differences
On loans and forward
contracts as hedges for
foreign net investments ———284
On other loans and
borrowings, net –1 74 –88 –58
Other financial expenses –71 –50 –35 –21
Total financial expenses –876 –574 –1,001 –344
Interest income from others, for the Group and the Parent
Company, includes gains and losses on financial instruments
held for trading. Interest expenses to others, for the Group and
the Parent Company, include gains and losses on derivatives
used for managing the Group’s interest fixing and premiums on
forward contracts in the amount of SEK 0m (–37) used as hedges
for foreign net investments. For information on financial instru-
ments, see Note 18 on page 51.
45