Saab 2012 Annual Report Download - page 65

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as of 31 December
MSEK Note 2012 2011
Assets
Intangible fixed assets 16 6,849 6,699
Tangible fixed assets 17 3,162 3,272
Lease assets 18 304 771
Biological assets 19 306 305
Investment properties 20 33 224
Shares in associated companies 21 300 288
Financial investments 25 193 197
Long-term receivables 27 879 1,046
Deferred tax assets 15 213 86
Total fixed assets 12,239 12,888
Inventories 28 4,420 4,334
Derivatives 41 514 520
Tax assets 39 23
Accounts receivable 29 3,454 3,153
Other receivables 27 2,548 3,579
Prepaid expenses and accrued income 30 886 829
Short-term investments 25 3,963 4,555
Liquid assets 31 1,616 1,918
Total current assets 17,440 18,911
Assets held for sale 32 --
TOTAL ASSETS 29,679 31,799
CONSOLIDATED
STATEMENT OF FINANCIAL POSITION
STATEMENT OF FINANCIAL POSITION
Since the start of 2012, the net liquidity has decreased by
MSEK 928 and amounted to MSEK 4,405 at the end of De-
cember 2012. During the year Saab has acquired Sörman In-
formation, Bayes Risk Management AS, HITT N.V., and
MEDAV GmbH as well as paid out dividend to shareholders.
In 2009, Saab changed its view on the application of the ac-
counting principles for development costs. As a result of this
more conservative view, development costs are capitalised at
a later stage in all projects and all capitalised development
costs are amortised over maximum ten years. As a result of
this, the capitalised development costs have been reduced
from MSEK 3,628 at the end of 2008 to MSEK 1,751 at the
end of 2012.
Inventories are recognised after deducting utilised advances.
Tangible fixed assets decreased as a result of divestments of
lease assets and investment properties.
Other receivables decreased as a result of lower accrued reve-
nues.
Provisions for pensions amounted to MSEK 11 (12). During the
year, the Saab Pension Fund was capitalised with a total of
MSEK 0 (102).
For more information about Saab’s defined-benefit plans, see
Note 37.
FINANCIAL INFORMATION > FINANCIAL STATEMENTS
SAAB ANNUAL REPORT 2012 61