Saab 2010 Annual Report Download - page 121

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NOTE 43
GOVERNMENT GRANTS
Saab receives government grants, mainly various grants from the  related
to research and development projects. For ,   has been received.
  has been recognised through prot or loss by reducing research and
development expenditures and as operating income. In the statement of
nancial position at year-end,   () is recognised as prepaid income.
Saab and the Ministry of Enterprise, Energy and Communications have
reached agreement with the National Debt Oce to co-nance Saab’s partici-
pation in the Airbus A project. e co-nancing is in the form of a royalty
loan maximised at  . Repayment will take the form of a royalty on
each delivery to Airbus. rough , the National Debt Oce has paid out
a net of   (), which reduces inventory in the nancial statements.
No contingent liabilities or contingent assets are reported.
NOTE 44
TRANSACTIONS WITH RELATED PARTIES
Related parties with which the Group has transactions mainly consist of 
Systems, which holds  per cent of the capital and  per cent of the votes in
Saab, and half of the jointly owned company Gripen International . Sales to
and purchases from  Systems amounted to   and  , respec-
tively. Interest-bearing liabilities include a loan from  Systems of  .
e Group’s nancial agreements conform to market principles. Saab
does not have any transactions of importance with Investor. Neither does
Saab have any signicant transactions with Board members or members of
Group Management. For information on remuneration, see Note .
Transactions with  Systems, Gripen International and other related
parties are conducted in accordance with commercial principles.
Of the Parent Company’s sales,  per cent referred to sales to Group com-
panies, while  per cent of the Parent Company’s purchases were from
Group companies.
Sales to and purchases from the Group’s associated companies amounted
to approximately   and  , respectively.
NOTE 45
GROUP COMPANIES
Significant Group company holdings
Group
company’s
Ownership share,
per cent
Group company registered office, country 2010 2009
Combitech AB Växjö, Sweden 100 100
Saab Barracuda AB Västervik, Sweden 100 100
Saab Barracuda LLC USA 100 100
Saab Dynamics AB Karlskoga, Sweden 100 100
Saab Danmark A/S Denmark 100 100
Saab Grintek Defence (Pty) Ltd South Africa 75 75
Saab Seaeye Ltd UK 100 100
Saab Systems Oy Finland 100 100
Saab Systems Pty Ltd Australia 100 100
Saab Training Systems AB Jönköping, Sweden 100 100
Saab Underwater Systems AB Motala, Sweden 100 100
Parent Company
MSEK 2010 2009
Accumulated acquisition value
Opening balance, 1 January 19,997 21,344
New issues/shareholders’ contributions 20 42
Acquisitions 14 -
Sales and liquidations -3 -1,382
Reduction of purchase price -72 -
Reclassifications - -7
Closing balance, 31 December 19,956 19,997
Accumulated impairments
Opening balance, 1 January -10,477 -9,682
Impairments for the year -74 -795
Closing balance, 31 December -10,551 -10,477
Carrying amount, 31 December 9,405 9,520
Impairment reversals and impairments for the year are reported in the
income statement on the line “Result from shares in Group companies.”
FINANCIAL INFORMATION > NOTES
118 SAAB ANNUAL REPORT 2010