Board of Directors Report

Liquidity profile

SEKm Dec. 31, 2010 Dec. 31, 2009
Liquid funds 12,805 13,357
% of annualized net sales1) 18.9 16.2
Net liquidity 9,122 9,576
Fixed interest term, days 34 100
Effective annual yield, % 2.8 2.1
     
1) Liquid funds plus an unused revolving credit facility of EUR 500m and a committed credit facility of SEK 3,400m devided by annualized net sales.
     

For additional information on the liquidity profile, see Note 18 .