Note 11 Other comprehensive income
|
|
Group | |
|---|---|---|
|
|
20121) | 2013 |
| Items that will not be reclassified to income for the period |
|
|
| Remeasurement of provisions for post-employment benefits |
|
|
| Opening balance, January 1 | 0 | -866 |
| Gain/loss taken to other comprehensive income | -917 | 1,851 |
| Income tax relating to items that will not be reclassified | 51 | -636 |
| Closing balance, December 31 | -866 | 349 |
| Items that may be reclassified subsequently to income for the period |
|
|
| Available-for-sale instruments |
|
|
| Opening balance, January 1 | 23 | 46 |
| Gain/loss taken to other comprehensive income | 23 | -69 |
| Transferred to profit and loss on sale | — | — |
| Closing balance, December 31 | 46 | -23 |
| Cash flow hedges |
|
|
| Opening balance, January 1 | -36 | -2 |
| Gain/loss taken to other comprehensive income | -2 | 39 |
| Transferred to profit and loss on sale | 36 | 2 |
| Closing balance, December 31 | -2 | 39 |
| Exchange differences on translation of foreign operations |
|
|
| Opening balance, January 1 | 476 | -1,056 |
| Net investment hedge | — | — |
| Translation differences | -1,532 | -1,518 |
| Closing balance, December 31 | -1,056 | -2,574 |
| Income tax relating to items that may be reclassified | -2 | 29 |
| Other comprehensive income, net of tax | -2,343 | -302 |
Income taxes related to items of other comprehensive income were SEK -636m (51) for remeasurement of provisions for post-employment benefits, SEK 29m (-2) for financial instruments for cash flow hedging and SEK 0m (0) for financial instruments for hedging of translation of foreign operations.
StopSearchHereCEO 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%.
