Saab 2013 Annual Report Download - page 100
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MSEK 31-12-2013 31-12-2012
Other receivables held as current assets
Receivables from associated companies,
interest-bearing 2 -
Receivables from associated companies,
non interest-bearing 41 79
Receivables from joint ventures, non interest-bearing 6 14
Advance payments to suppliers 147 84
Other interest-bearing receivables 119 326
Other non interest-bearing receivables 435 321
Subtotal 750 824
Receivables from customers
Assignment revenue 4,257 2,255
Less utilised advance payments -1,184 -531
Subtotal 3,073 1,724
Total 3,823 2,548
Assignment revenue refer to assignment costs incurred and reported gross
income less any losses attributable to the work performed. Unutilised
advance payments amount to ().
Costs attributable to assignment revenue amounted to , (,).
Reported gross income amounted to ().
Parent Company
MSEK 31-12-2013 31-12-2012
Other long-term receivables
Interest-bearing receivables 16 42
Non interest-bearing receivables 6 7
Total 22 49
Parent Company
MSEK 31-12-2013 31-12-2012
Other receivables held as current assets
Interest-bearing receivables 25 -
Non interest-bearing receivables 308 195
Subtotal 333 195
Receivables from customers
Assignment revenue 3,165 1,631
Less utilised advance payments -1,183 -532
Subtotal 1,982 1,099
Total 2,315 1,294
Assignment revenue refer to assignment costs incurred and reported gross
income less any losses attributable to the work performed. Unutilised
advance payments amount to ().
Costs attributable to assignment revenue amounted to , (,).
Reported gross income amounted to ().
Parent Company
MSEK 2013 2012
Long-term receivables
Accumulated acquisition value
Opening balance, 1 January 49 34
Incremental receivables - 17
Deductible receivables -27 -2
Closing balance, 31 December 22 49
NOTE 28 Inventories
Group
MSEK 31-12-2013 31-12-2012
Raw materials and consumables 2,048 2,314
Work in progress 1,722 1,489
Finished goods and goods for resale 793 617
Total 4,563 4,420
Saab and the Swedish Ministry of Enterprise, Energy and Communications
have reached agreement with the National Debt Oce to co-nance Saab’s
participation 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 roy-
alty on each delivery to Airbus. rough , the National Debt Oce has
paid out (). e debt as of December amounts to
(), which reduces inventory in the nancial statements.
e Group’s cost of goods sold includes inventory impairments of
(). e reversal of previous impairments amounts to ().
e value of inventories measured at fair value less selling expenses amounts
to (). Of inventories, is expected to be realised more
than twelve months aer the closing day.
Parent Company
MSEK 31-12-2013 31-12-2012
Raw materials and consumables 1,574 1,633
Work in progress 1,267 1,190
Finished goods and goods for resale 671 520
Advance payments to suppliers 141 42
Total 3,653 3,385
Cost of goods sold for the Parent Company includes inventory impairments
of () aer the reversal of previous impairments of ().
e value of inventories measured at fair value less selling expenses amounts
to (). Of the Parent Company’s inventories, is expected to
be realised more than twelve months aer the closing day.
NOTE 29 Accounts Receivable
Accounts receivable in the Group amount to , (,). As part of the
sales programme arranged in , Saab sold receivables in in order to
strengthen its nancial position and increase nancial exibility. e sales
programme was reduced by one customer during the year.
e receivables were sold in their entirety which reduced the receivables
by (), at year-end and also had a negative impact 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 (). Rever-
sals of previous write-downs amounted to (). See also Note .
NOTE 27, CONT.
FINANCIAL INFORMATION > NOTES
96 SAAB ANNUAL REPORT 2013