Parent Company balance sheet
| SEKm | Note | December 31, 2012 | December 31, 2013 |
|---|---|---|---|
| ASSETS |
|
|
|
| Non-current assets |
|
|
|
| Intangible assets | 13 | 1,932 | 1,214 |
| Property, plant and equipment | 12 | 258 | 297 |
| Deferred tax assets |
|
213 | 1,025 |
| Financial assets | 14 | 31,033 | 30,465 |
| Total non-current assets |
|
33,436 | 33,001 |
| Current assets |
|
|
|
| Inventories | 15 | 61 | 2,190 |
| Receivables from subsidiaries |
|
12,500 | 15,153 |
| Trade receivables |
|
613 | 816 |
| Tax-refund claim |
|
141 | 11 |
| Derivatives with subsidiaries |
|
355 | 187 |
| Derivatives |
|
183 | 209 |
| Other receivables |
|
67 | 398 |
| Prepaid expenses and accrued income |
|
102 | 268 |
| Cash and bank |
|
1,986 | 2,795 |
| Total current assets |
|
16,008 | 22,027 |
| Total assets |
|
49,444 | 55,028 |
| EQUITY AND LIABILITIES |
|
|
|
| Equity |
|
|
|
| Restricted equity |
|
|
|
| Share capital | 20 | 1,545 | 1,545 |
| Statutory reserve |
|
3,017 | 3,017 |
|
Non-restricted equity |
|
|
|
| Retained earnings |
|
14,150 | 13,440 |
| Income for the period |
|
1,119 | -909 |
|
Total equity |
|
19,831 |
17,093 |
| Untaxed reserves | 21 | 581 | 558 |
| Provisions |
|
|
|
| Provisions for pensions and similar commitments | 22 | 578 | 427 |
| Other provisions | 23 | 519 | 1,416 |
| Total provisions |
|
1,097 | 1,843 |
| Non-current liabilities |
|
|
|
| Bond loans |
|
6,830 | 7,677 |
| Other non-current loans |
|
2,743 | 3,796 |
| Total non-current liabilities |
|
9,573 | 11,473 |
| Current liabilities |
|
|
|
| Payable to subsidiaries |
|
15,191 | 20,438 |
| Accounts payable |
|
555 | 1,164 |
| Other liabilities |
|
99 | 328 |
| Short-term borrowings |
|
1,049 | 510 |
| Derivatives with subsidiaries |
|
459 | 586 |
| Derivatives |
|
220 | 165 |
| Accrued expenses and prepaid income | 24 | 789 | 870 |
| Total current liabilities |
|
18,362 | 24,061 |
| Total liabilities and provisions |
|
29,032 | 37,377 |
| Total liabilities, provisions and equity |
|
49,444 | 55,028 |
| Pledged assets | 19 | - | - |
| Contingent liabilities | 25 | 1,692 | 1,815 |
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%.
