Annual Report 2009 2 Financial review
 

Working capital and net assets

SEKm Dec. 31, 2009 % of
annual-
ized net sales
Dec. 31, 2008 % of
annual-
ized net sales
Inventories 10,050 8.8 12,680 11.0
Trade receivables 20,173 17.7 20,734 17.9
Accounts payable –16,031 –14.1 –15,681 –13.6
Provisions –9,447   –13,529  
Prepaid and accrued income and expenses –7,998   –7,263  
Taxes and other assets and         
liabilities –1,901   –2,072  
Working capital –5,154 –4.5 –5,131 –4.4
Property, plant and equipment 15,315   17,035  
Goodwill 2,274   2,095  
Other non-current assets 5,197   4,602  
Deferred tax assets and liabilities 1,874   2,340  
Net assets 19,506 17.1 20,941 18.1
Average net assets 19,411 17.8 20,538 19.6
Return on net assets, % 19.4   5.8  
Return on net assets, excluding         
items affecting comparability, % 26.2   7.2  
Value creation 2,884   –1,040  

Produced by Solberg