Annual Report 2013

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Consolidated balance sheet

SEKm Note January 1, 20121) December 31, 20121) December 31, 2013
ASSETS



Non-current assets



Property, plant and equipment 12 15,613 16,693 17,264
Goodwill 13 6,008 5,541 4,875
Other intangible assets 13 5,146 5,079 4,011
Investments in associates 29 18 16 221
Deferred tax assets 10 3,669 4,156 4,385
Financial assets 18 306 333 279
Pension plan assets 22 371 286 445
Other non-current assets 14 1,212 481 752
Total non-current assets
32,343 32,585 32,232
Current assets



Inventories 15 11,957 12,963 12,154
Trade receivables 17, 18 19,226 18,288 19,441
Tax assets
666 609 746
Derivatives 18 252 184 268
Other current assets 16 3,662 3,607 4,405
Short-term investments 18 337 123 148
Cash and cash equivalents 18 6,966 6,835 6,607
Total current assets
43,066 42,609 43,769
Total assets
75,409 75,194 76,001
EQUITY AND LIABILITIES



Equity attributable to equity holders of the Parent Company



Share capital 20 1,545 1,545 1,545
Other paid-in capital 20 2,905 2,905 2,905
Other reserves 20 324 -1,146 -2,658
Retained earnings 20 12,763 12,381 12,482


17,537 15,685 14,274
Non-controlling interests
109 41 34
Total equity
17,646 15,726 14,308
Non-current liabilities



Long-term borrowings 18 9,639 10,005 11,935
Deferred tax liabilities 10 1,076 1,117 1,026
Provisions for post-employment benefits 22 3,992 4,765 3,425
Other provisions 23 5,300 4,551 4,522
Total non-current liabilities
20,007 20,438 20,908
Current liabilities



Accounts payable 18 18,490 20,590 20,607
Tax liabilities
1,717 1,287 1,331
Other liabilities 24 10,690 11,971 12,886
Short-term borrowings 18 4,170 2,795 2,733
Derivatives 18 324 241 194
Other provisions 23 2,365 2,146 3,034
Total current liabilities
37,756 39,030 40,785
Total liabilities
57,763 59,468 61,693
Total equity and liabilities
75,409 75,194 76,001
Pledged assets 19 94 78 69
Contingent liabilities 25 1,276 1,610 1,458
1) Amounts for 2012 have been restated where applicable as a consequence of the amended standard for pension accounting, IAS 19 Employee Benefits. StopSearchHere

CEO Statement

In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.

CEO Statement

I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.

Our products

Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.

Sustainability

Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.

Awards & recognition

Financial Reporting

Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.

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