Annual Report 2007 - Financial StatementsNote 8 (Parent Company) - Financial Income and Expenses
| Financial income and expenses were distributed as follows. | ||||||
| January-December | ||||||
| SEK in millions | 2007 | 2006 | ||||
|---|---|---|---|---|---|---|
| Income from shares in subsidiaries | ||||||
| Dividends, etc. | 15,408 | 454 | ||||
| Capital gains/losses, net | 46 | 348 | ||||
| Impairment losses | - | -67 | ||||
| Group contributions, net received | 2,991 | 1,107 | ||||
| Total | 18,445 | 1,842 | ||||
| Income from shares in associated companies | ||||||
| Dividends, etc. | 1,432 | 155 | ||||
| Capital gains/losses, net | 83 | 47 | ||||
| Impairment losses | -113 | -15 | ||||
| Total | 1,402 | 187 | ||||
| Income from other financial investments | ||||||
| Capital gains/losses, net | 32 | -1 | ||||
| Impairment losses | - | -3 | ||||
| Total | 32 | -4 | ||||
| Other financial income | ||||||
| Interest from subsidiaries | 976 | 675 | ||||
| Other interest income | 234 | 204 | ||||
| Exchange rate gains | 4 | 81 | ||||
| Total | 1,214 | 960 | ||||
| Other financial expenses | ||||||
| Interest to subsidiaries | -1,921 | -1,172 | ||||
| Other interest expenses | -1,567 | -727 | ||||
| Unwinding of provision discounts | - | -29 | ||||
| Exchange rate losses | -40 | -52 | ||||
| Interest component of the year's pension provision | -24 | -30 | ||||
| Total | -3,552 | -2,010 | ||||
| Net effect on income | 17,541 | 975 | ||||
| Regarding Group contributions, refer to section "Untaxed reserves, appropriations and Group contributions" in Note 9 "Income Taxes". See also Note 17 "Provisions for Pensions and Employment Contracts" for the interest component of the year's pension provision. | ||||||
| Details on interest expenses, net exchange rate gains and losses and interest income related to hedging activities, loan receivables and borrowings (excluding transactions with subsidiaries) were as follows. | ||||||
| January-December | ||||||
| Interest expenses | Net exchange rate gains and losses | Interest income | ||||
| SEK in millions | 2007 | 2006 | 2007 | 2006 | 2007 | 2006 |
| Fair value hedge derivatives | -57 | 112 | 272 | -436 | - | - |
| Cash flow hedge derivatives | -17 | -29 | 145 | -162 | - | - |
| Derivatives held-for-trading | 97 | 1 | 123 | -64 | - | - |
| Held-to-maturity investments | - | - | - | - | 5 | - |
| Loans and receivables | - | - | - | - | 210 | 183 |
| Borrowings in a fair value hedge relationship | -525 | -533 | -272 | 436 | - | - |
| Borrowings at amortized cost | -1,061 | -269 | -304 | 257 | - | - |
| Other | -4 | -9 | -0 | -2 | 19 | 21 |
| Total | -1,567 | -727 | -36 | 29 | 234 | 204 |
| Borrowings at amortized cost include items in cash flow hedge relationships as well as unhedged items. | ||||||
- Parent Company Income Statements
- Parent Company Balance Sheets
- Parent Company Cash Flow Statements
- Parent Company Statements of Changes in Shareholders' Equity
- 1 Basis of Preparation
- 2 Critical Accounting Policies, Estimates and Assumptions
- 3 Net Sales
- 4 Operating Expenses
- 5 Other Operating Income and Expenses
- 6 Related Party Transactions
- 7 Amortization, Depreciation and Impairment Losses
- 8 Financial Income and Expenses
- 9 Income Taxes
- 10 Goodwill and Other Intangible Assets
- 11 Property, Plant and Equipment
- 12 Other Financial Assets
- 13 Inventories
- 14 Trade and Other Receivables
- 15 Short-term Investments, Cash and Cash Equivalents
- 16 Shareholder's Equity
- 17 Provisions for Pensions and Employment Contracts
- 18 Other Provisions
- 19 Long-term and Short-term Borrowings
- 20 Long-term Liabilities
- 21 Short-term Provisions, Trade Payables and Other Current Liabilities
- 22 Financial Assets and Liabilities by Category
- 23 Financial Risk Management
- 24 Operating Lease Agreements
- 25 Contingencies, Other Contractual Obligations and Litigation
- 26 Cash Flow Information
- 27 Human Resources
- 28 Auditors' Fees and Services
- 29 Specification of Shareholdings and Participations