Saab 2012 Annual Report Download - page 120
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e table below shows the total sum of guarantees that do not represent con-
tingent liabilities and a distribution by category and issuer.
MSEK 31-12-2012
per cent of
total 31-12-2011
per cent of
total
Parent Company guarantees 1,339 22 1,540 21
Bank guarantees 4,668 78 5,674 79
Total guarantees 6,007 100 7,214 100
Bank guarantees:
On demand 3,974 85 5,014 88
Proprietary 694 15 660 12
Total bank guarantees 4,668 100 5,674 100
Type of guarantee:
Advances 2,146 36 3,177 44
Completion 3,080 51 3,365 47
Milestone payments - - - -
Tenders, credits and other 781 13 672 9
Total guarantees 6,007 100 7,214 100
With regard to the Group’s so-called fullment guarantees for commitments
to customers, the likelihood of an outow of resources is extremely small
and, as a result, no value is recognised in the table of assets pledged and con-
tingent liabilities.
NOTE 43 Transactions with Related Parties
e Group’s nancial agreements conform to market principles. In January
, Combitech , a wholly owned subsidiary of Saab , acquired Sörman
Information . e largest shareholder in Sörman was Investor . In Saab’s
view, the purchase price corresponds to market value. Saab otherwise did not
have any material transactions with Investor. Neither does Saab have any sig-
nicant transactions with Board members or members of Group Manage-
ment. For information on remuneration, see Note .
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 44 Group Companies
Significant Group company holdings
Group company’s
Ownership
share, per cent
Group company registered office, country 2012 2011
Combitech AB Växjö, Sweden 100 100
HITT N.V. The Netherlands 98.9 -
MEDAV GmbH Germany 100 -
Saab Barracuda AB Västervik, Sweden 100 100
Saab Barracuda LLC USA 100 100
Saab Czech s.r.o. Czech Republic 100 100
Saab Dynamics AB Karlskoga, Sweden 100 100
Saab Danmark A/S Denmark 100 100
Saab Grintek Defence (Pty) Ltd South Africa 71 71
Saab Seaeye Ltd UK 100 100
Saab Sensis Corporation USA 100 100
Saab Systems Oy Finland 100 100
Saab Systems Pty Ltd Australia 100 100
Parent Company
MSEK 2012 2011
Accumulated acquisition value
Opening balance, 1 January 17,086 16,321
New issues/shareholders’ contributions 27 566
Acquisitions 540 203
Sales and liquidations -454 -23
Reclassifications 9 19
Closing balance, 31 December 17,208 17,086
Accumulated impairments
Opening balance, 1 January -10,679 -10,551
Impairments for the year -47 -128
Closing balance, 31 December -10,726 -10,679
Carrying amount, 31 December 6,482 6,407
Impairment reversals and impairments for the year are reported in the
income statement on the line “Result from shares in Group companies.”
NOTE 42, CONT.
FINANCIAL INFORMATION > NOTES
116 SAAB ANNUAL REPORT 2012