Saab 2010 Annual Report Download - page 105

NOTE 29
ACCOUNTS RECEIVABLE
Accounts receivable in the Group amount to  , (,). In , Saab
sold receivables as part of the sales programme arranged in the third quarter
of  to strengthen its nancial position and increase nancial exibility.
Customers in most cases are nations with high credit worthiness.
e receivables were sold in their entirety at an attractive funding level.
is reduced accounts receivable at year-end by  , () and also
has a positive eect on cash ow of   (). During the year, accounts
receivable were written down by   (). Reversals of previous write-
downs amounted to   ().
Accounts receivable in the Parent Company amount to  , ().
During the year, receivables were written down by   (). Reversals of
previous write-downs amounted to   (). See also Note .
NOTE 30
PREPAID EXPENSES AND ACCRUED INCOME
Group Parent Company
MSEK 31-12-2010 31-12-2009 31-12-2010 31-12-2009
Prepaid expenses 399 430 347 398
Accrued leasing fees Saab
Aircraft Leasing 7 11 - -
Accrued service income 148 114 87 62
Other accrued income 126 150 78 98
Total 680 705 512 558
Prepaid expenses relate to pension premiums, rents, licenses and insurance,
among other things.
NOTE 31
LIQUID ASSETS
Group
MSEK 31-12-2010 31-12-2009
Cash and bank balances 703 747
Bank deposits 1,830 700
Deposits held on behalf of customers 11 16
Total according to statement of financial position 2,544 1,463
Total according to statement of cash flows 2,544 1,463
Bank deposits refer to short-term investments with a maturity of up to one
month. e Group’s unutilised account overdra facility amounted to 
 () at year end. With regard to the Group’s other loan facilities, refer to
Notes  and .
NOTE 32
ASSETS HELD FOR SALE
Assets held for sale comprise an associated company within Electronic Defence
Systems. e sale is expected to take place during the rst half of . Assets
held for sale in  consisted of investment and operating properties in the
Dynamics business area and a real estate company in Corporate. e invest-
ment and operating properties were sold in the second quarter of ; see
Note . In addition, a decision was made not to sell the real estate company that
was previously for sale due to a change in nancial circumstances. e assets of
the real estate company have now been classied as investment properties, and
the reclassication has not necessitated a change in nancial reporting.
Group
MSEK 31-12-2010 31-12-2009
Assets classified as held for sale
Tangible fixed assets - 33
Investment properties - 287
Shares in associated companies 113 -
Accounts receivable - 5
Total 113 325
Liabilities classified as held for sale
Deferred tax liabilities - 24
Other liabilities - 1
Accrued expenses and deferred income - 4
Total - 29
NOTE 33
SHAREHOLDERS’ EQUITY
e shares in the Parent Company are divided into two series,  and . Both
classes of shares carry equal rights, with the exception that each Series  share
is entitled to ten votes and each Series  share one vote. e shares have a
quota value of  .
Outstanding shares as of
31 December 2010
Number of
shares
Per cent of
shares
Per cent of
votes
Series A 1,907,123 1.8 15.6
Series B 102,810,606 98.2 84.4
Total 104,717,729 100.0 100.0
Outstanding shares as of
31 December 2009
Number of
shares
Per cent of
shares
Per cent of
votes
Series A 5,254,303 5.0 34.4
Series B 100,256,821 95.0 65.6
Total 105,511,124 100.0 100.0
Change in number of outstand-
ing shares 2010 Series A Series B Total
Number of outstanding shares as of
1 January 2010 5,254,303 100,256,821 105,511,124
Conversion of A shares to B shares -3,347,180 3,347,180 -
Repurchase of shares - -838,131 -838,131
Early share matching - 44,736 44,736
Number of outstanding shares as of
31 December 2010 1,907,123 102,810,606 104,717,729
FINANCIAL INFORMATION > NOTES
102 SAAB ANNUAL REPORT 2010