Note 12 Property, plant and equipment
| Group | Land and land improvements | Buildings | Machinery and technical installations | Other equipment | Plants under construction | Total |
|---|---|---|---|---|---|---|
| Acquisition costs |
|
|
|
|
|
|
| Opening balance, January 1, 2012 | 1,227 | 8,224 | 29,110 | 1,956 | 2,283 | 42,800 |
| Acquired during the year | 11 | 149 | 1,157 | 132 | 2,641 | 4,090 |
| Acquisition of operations | 26 | 161 | — | — | — | 187 |
| Transfer of work in progress and advances | 14 | 260 | 838 | -50 | -1,062 | — |
| Sales, scrapping, etc. | -35 | -326 | -565 | -14 | -4 | -944 |
| Exchange-rate differences | -43 | -254 | -1,302 | -79 | -162 | -1,840 |
| Closing balance, December 31, 2012 | 1,200 | 8,214 | 29,238 | 1,945 | 3,696 | 44,293 |
| Acquired during the year | 33 | 117 | 1,154 | 167 | 2,064 | 3,535 |
| Transfer of work in progress and advances | 1 | 178 | 987 | 7 | -1,173 | — |
| Sales, scrapping, etc. | -25 | -187 | -657 | -104 | -85 | -1,058 |
| Exchange-rate differences | -27 | -95 | -598 | -55 | -57 | -832 |
| Closing balance, December 31, 2013 | 1,182 | 8,227 | 30,124 | 1,960 | 4,445 | 45,938 |
| Accumulated depreciation |
|
|
|
|
|
|
| Opening balance, January 1, 2012 | 174 | 3,942 | 21,618 | 1,221 | 232 | 27,187 |
| Depreciation for the year | 7 | 250 | 1,920 | 185 | — | 2,362 |
| Transfer of work in progress and advances | — | -10 | 22 | -12 | — | — |
| Sales, scrapping, etc. | -4 | -303 | -535 | -80 | 1 | -921 |
| Impairment | 4 | 50 | 98 | — | — | 152 |
| Exchange-rate differences | -6 | -144 | -972 | -45 | -13 | -1,180 |
| Closing balance, December 31, 2012 | 175 | 3,785 | 22,151 | 1,269 | 220 | 27,600 |
| Depreciation for the year | 6 | 284 | 1,927 | 208 | — | 2,425 |
| Transfer of work in progress and advances | — | 9 | 3 | -12 | — | — |
| Sales, scrapping, etc. | -17 | -281 | -624 | -78 | — | -1,000 |
| Impairment | — | 55 | 34 | 1 | 1 | 91 |
| Exchange-rate differences | 1 | -14 | -401 | -27 | -1 | -442 |
| Closing balance, December 31, 2013 | 165 | 3,838 | 23,090 | 1,361 | 220 | 28,674 |
| Net carrying amount, December 31, 2012 | 1,025 | 4,429 | 7,087 | 676 | 3,476 | 16,693 |
| Net carrying amount, December 31, 2013 | 1,017 | 4,389 | 7,034 | 599 | 4,225 | 17,264 |
Total impairments in 2013 were SEK 55m (54) on buildings and land, and SEK 36m (98) on machinery and other equipment. The majority of the impairments relates to the Business Area Major Appliances Europe, Middle East and Africa.
In March 2012, the purchase value of CTI property, plant and equipment was recalculated, resulting in an increase of SEK 187m.
| Parent Company | Land and land improvements | Buildings | Machinery and technical installations | Other equipment | Plants under construction | Total |
|---|---|---|---|---|---|---|
| Acquisition costs |
|
|
|
|
|
|
| Opening balance, January 1, 2012 | 4 | 57 | 825 | 316 | 32 | 1,234 |
| Acquired during the year | — | — | 15 | 14 | 25 | 54 |
| Transfer of work in progress and advances | — | — | 25 | 3 | -28 | — |
| Sales, scrapping, discontinued operations etc. | — | — | -105 | -2 | — | -107 |
| Closing balance, December 31, 2012 | 4 | 57 | 760 | 331 | 29 | 1,181 |
| Acquired during the year | — | — | 9 | 126 | 11 | 146 |
| Transfer of work in progress and advances | — | — | 16 | 8 | -24 | — |
| Sales, scrapping, etc. | — | — | -43 | -13 | — | -56 |
| Closing balance, December 31, 2013 | 4 | 57 | 742 | 452 | 16 | 1,271 |
| Accumulated depreciation |
|
|
|
|
|
|
| Opening balance, January 1, 2012 | 2 | 54 | 667 | 239 | — | 962 |
| Depreciation for the year | — | 1 | 34 | 23 | — | 58 |
| Sales, scrapping, discontinued operations etc. | — | — | -95 | -2 | — | -97 |
| Closing balance, December 31, 2012 | 2 | 55 | 606 | 260 | — | 923 |
| Depreciation for the year | — | — | 35 | 44 | — | 79 |
| Sales, scrapping, etc. | — | — | -42 | 14 | — | -28 |
| Closing balance, December 31, 2013 | 2 | 55 | 599 | 318 | — | 974 |
| Net carrying amount, December 31, 2012 | 2 | 2 | 154 | 71 | 29 | 258 |
| Net carrying amount, December 31, 2013 | 2 | 2 | 143 | 134 | 16 | 297 |
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%.
