Saab 2010 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2010 Saab 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.

Page out of 149

  • 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

NOTE 22
SHARES IN JOINT VENTURES CONSOLIDATED ACCORDING TO PROPORTIONAL METHOD
e Group has a  per cent holding in the joint venture Gripen International
KB, whose principal activity is to oer, market and provide services for air-
cra, military materiel and related equipment. e Group’s remaining hold-
ings in joint ventures are of an insignicant amount.
e Group’s nancial reports include the following items that constitute
the Group’s ownership interest in the joint venture’s assets and liabilities.
Gripen International KB
MSEK 31-12-2010 31-12-2009
Fixed assets 6 16
Current assets 793 1,286
Total assets 799 1,302
Current liabilities 435 1,048
Total liabilities 435 1,048
Net assets 364 254
NOTE 23
PARENT COMPANY’S SHARES IN ASSOCIATED COMPANIES AND JOINT VENTURES
Parent Company
MSEK 2010 2009
Accumulated acquisition value
Opening balance, 1 January 528 415
Acquisitions 7 21
Divestments -56 -19
Reclassifications - 16
Share of net income for the year in limited partnerships 110 95
Closing balance, 31 December 589 528
Accumulated impairments
Opening balance, 1 January -98 -98
Closing balance, 31 December -98 -98
Carrying amount, 31 December 491 430
Specification of Parent Company’s (co-owner’s) directly owned holdings
of shares in associated companies and joint ventures.
2010
MSEK
% of votes
and capital
Carrying
amount
Associated companies
Hawker Pacific Airservices Ltd, Australia 33.0 22
Industrikompetens i Östergötland AB,
556060-5478, Linköping 33.0 2
Sörman Intressenter AB, 556741-2233, Stockholm 25.3 3
Denel Saab Aerostructures (Pty) Ltd, South Africa 20.0 64
Vingtec Saab AS, Norway 49.0 -
Image Systems AB, 556550-5400, Linköping 35.8 4
Joint ventures
Saab Natech AB, 556627-5003, Jönköping 51.0 7
Gripen International KB, 969679-8231, Linköping 50.0 365
Gripen Venture Capital AB, 556298-6629, Linköping 50.0 12
SAAB-BAE SYSTEMS Gripen AB,
556527-6721, Linköping 50.0 -
Saab Ericsson NBD Innovation AB,
556628-6406, Stockholm 60.0 -
Industrigruppen JAS AB, 556147-5921, Stockholm 80.0 3
Avia Saab Technologies Co. Ltd., Thailand 40.0 9
Total 491
2009
MSEK
% of votes
and capital
Carrying
amount
Associated companies
Hawker Pacific Airservices Ltd, Australia 49.0 22
Industrikompetens i Östergötland AB,
556060-5478, Linköping 33.0 2
Eurenco SA, France 19.9 -
Sörman Intressenter AB, 556741-2233, Stockholm 26.6 3
Cold Cut Systems Svenska AB, 556351-4081,
Kungsbacka 37.3 18
Denel Saab Aerostructures (Pty) Ltd, South Africa 20.0 64
Wrap International AB, 556627-6217, Linköping 22.6 -
Vingtec Saab AS, Norway 49.0 -
Opax AS, Norway 32.7 13
Image Systems AB, 556550-5400, Linköping 35.8 6
Usitall AB, 556506-6734, Linköping 30.0 5
Joint ventures
C3 Technologies AB, 556628-6414, Linköping 59.0 18
Saab Natech AB, 556627-5003, Jönköping 51.0 7
Gripen International KB, 969679-8231, Linköping 50.0 254
Gripen Venture Capital AB, 556298-6629, Linköping 50.0 12
SAAB-BAE SYSTEMS Gripen AB,
556527-6721, Linköping 50.0 1
Saab Ericsson NBD Innovation AB,
556628-6406, Stockholm 60.0 -
Industrigruppen JAS AB, 556147-5921, Stockholm 80.0 3
Avia Saab Technologies Co. Ltd., Thailand 40.0 2
Total 430
FINANCIAL INFORMATION > NOTES
SAAB ANNUAL REPORT 2010 99