Board of Directors Report and Notes

Note 9 - Financial income and financial expenses

All amounts in SEKm unless otherwise stated

  Group   Parent Company
  2011 2010   2011 2010
Financial income          
Interest income           
From subsidiaries — —   328 641
From others 336 329   31 48
Dividends from subsidiaries — —   2,150 2,560
Group contribution from subsidiaries — —   217 227
Other financial income 1 3   1 2
Total financial income 337 332   2,727 3,478
           
Financial expenses          
Interest expenses          
To subsidiaries — —   –23 –233
To others –598 –404   –474 –275
Group contribution           
to subsidiaries — —   –52 –29
Exchange-rate differences           
On loans and forward contracts as hedges for foreign net investments — —   284 218
On other loans and borrowings, net 74 –16   –58 279
Other financial expenses –50 –36   –21 –18
Total financial expenses –574 –456   –344 –58

Interest income from others, for the Group and the Parent ­Company, includes gains and losses on financial instruments held for trading. Interest expenses to others, for the Group and the ­Parent Company, include gains and losses on derivatives used for managing the Group’s interest fixing and premiums on forward contracts in the amount of SEK –37m (–109) used as hedges for foreign net investments. For information on financial instruments, see Note 18.