Board of Directors Report and Notes

Balance sheet (Equity and liabilities)

SEKm Note December 31, 2011 December 31, 2010
Equity      
Restricted equity      
Share capital 20 1,545 1,545
Statutory reserve   3,017 3,017
    4,562 4,562
       
Non-restricted equity      
Retained earnings   13,193 11,736
Income for the period   2,745 3,353
    15,938 15,089
Total equity   20,500 19,651
       
Untaxed reserves 21 597 629
       
Provisions      
Provisions for pensions and similar commitments 22 395 370
Other provisions 23 337 246
Total provisions   732 616
       
Non-current liabilities      
Bond loans   6,168 4,686
Other non-current loans   3,052 3,150
Total non-current liabilities   9,220 7,836
       
Current liabilities      
Payable to subsidiaries   12,338 16,044
Accounts payable   597 502
Tax liabilities   181 160
Other liabilities   107 79
Short-term borrowings   2,056 960
Derivatives with subsidiaries   627 444
Derivatives   314 458
Accrued expenses and prepaid income 24 811 1,082
Total current liabilities   17,031 19,729
Total liabilities and provisions   26,983 28,181
Total liabilities, provisions and equity   48,080 48,461
       
Pledged assets 19 5 5
Contingent liabilities 25 1,428 1,608