We - KappAhl

Note 12 RECEIVABLES FROM GROUP COMPANIES
Parent Company
Receivables from Group
companies
SEK m 31 Aug 2009 31 Aug 2008
Accumulated cost of acquisition
at beginning of year 258.9 736.8
Group contributions 140.0 100.0
Dividend received 426.1 181.4
Settlement of balance –395.4 –759.3
Closing balance 429.6 258.9
Note 13
Group
LONG-TERM RECEIVABLES AND OTHER
RECEIVABLES
SEK m 31 Aug 2009 31 Aug 2008
Long-term receivables that are noncurrent
assets
other receivables 0.2 0.2
0.2 0.2
Other receivables that are current
assets
interest rate derivatives – 26.5
currency derivatives 3.4 18.3
other 12.8 11.0
Total 16.2 55.8
Parent Company
SEK m 31 Aug 2009 31 Aug 2008
Other receivables that are current
assets
interest rate derivatives – 26.5
Total – 26.5
Note 14 INVENTORIES
Group
SEK m 31 Aug 2009 31 Aug 2008
finished goods and goods for resale 735.8 622.2
Total 735.8 622.2
inventories are reported according to the principles in note 1.
Note 15 PREPAID EXPENSES AND ACCRUED INCOME
SEK m
31 Aug
2009
Group Parent Company
31 Aug
2008
31 Aug
2009
31 Aug
2008
prepaid rental costs 55.6 49.1 – –
prepaid banking
costs 0.1 0.3 – –
other 34.3 40.9 8.4 3.1
Total 90.0 90.3 8.4 3.1
prepaid banking costs are to all extents and purposes financing costs.
these costs are recognised in income over the contract period.
Note 16 CASH AND CASH EQUIVALENTS
60 financial information Kappahl 2008/2009
Group
SEK m 31 Aug 2009 31 Aug 2008
the following components are included
in cash and cash equivalents:
cash 12.4 11.2
Bank balances 8.4 21.0
Total according to the balance sheet
and cash flow statement 20.8 32.2
Note 17 INTEREST-BEARING LIABILITIES
information concerning the company’s contractual terms and conditions regarding
interest-bearing liabilities and the company’s interest rate risk exposure can be
found in note 22.
Group
SEK m 31 Aug 2009 31 Aug 2008
Long-term liabilities
Bank loans 1,500.0 1,000.0
Bank overdraft facilities 555.7 189.4
Total 2,055.7 1,189.4
Current liabilities
Bank overdraft facilities – 782.4
Total – 782.4
Total 2,055.7 1,971.8
Parent Company
SEK m 31 Aug 2009 31 Aug 2008
Long-term liabilities
Bank loans 1,500.0 1,000.0
Bank overdraft facilities 1,059.4 726.3
Total 2,559.4 1,726.3
Current liabilities
Bank overdraft facilities – 788.6
Total – 788.6
Total 2,559.4 2,514.9
the Group has a bank limit for outstanding letters of credit worth SEK 200 million.
Terms and conditions and repayment periods
Security for the bank loans is in the form of shares in the Swedish subsidiaries.