Note 9 Financial income and financial expenses
|
|
Group | Parent Company | ||
|---|---|---|---|---|
|
|
20121) | 2013 | 2012 | 2013 |
| Financial income |
|
|
|
|
| Interest income |
|
|
|
|
| From subsidiaries | — | — | 609 | 319 |
| From others | 203 | 137 | 49 | 12 |
| Dividends from subsidiaries | — | — | 1,259 | 2,004 |
| Other financial income | 1 | 1 | 1 | — |
| Total financial income | 204 | 138 | 1,918 | 2,335 |
| Financial expenses |
|
|
|
|
| Interest expenses |
|
|
|
|
| To subsidiaries | — | — | -139 | -51 |
| To others | -804 | -646 | -684 | -557 |
| On loans and forward contracts as hedges for foreign net investments | — | — | — | — |
| On other loans and borrowings, net | -1 | 10 | -88 | -181 |
| Pension interest expenses, net | -174 | -126 | — | — |
| Other financial expenses | -71 | -52 | -35 | -37 |
| Total financial expenses | -1,050 | -814 | -946 | -826 |
Interest income from others, for the Group and the Parent Company, includes gains and losses on financial instruments held for trading. Interest expense to others, for the Group and Parent Company, include gains and losses on derivatives used for managing the Group’s interest fixing. For information on financial instruments, see Note 18 on page 123.
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%.
