Annual Report 2009 2 Financial review
 

Note 26 - Divested operations

  Divestments     
  2009 2008
Fixed assets 4
Inventories
Receivables
Other current assets 17
Liquid funds 5
Loans
Other liabilities and provisions –17 –64
Net assets 9 –64
Sales price 9 242
Net borrowings in acquired/divested operations –5 –276
Effect on Group cash and cash equivalents 4 –34

On August 1, 2009, all shares in Distriparts Deutschland GmbH in Germany was divested. The divestment was made at book value. Divestments in 2008 relate to the divestment of the captive insurance company Electrolux Reinsurance S.A. in Luxembourg.

Produced by Solberg