Annual Report 2008 - Securitas

116
Annual report
Notes and comments to the Parent Company financial statements
Note 42. Financial risk management
The Parent company has, as stated in Note 40, adopted IAS 39 Financial
instruments; recognition and measurement. refer to Note 2 and Note 6 for
further information about financial risks that are applicable also for the
Parent company.
rEvALUATION OF FINANcIAL INSTrUMENTS
MSEK 2008 2007 2006
Recognized in the statement
of income
Financial expenses 0.9 –4.1 –38.6
Deferred tax –0.3 1.1 10.8
Impact on net income for the year 0.6 –3.0 –27.8
Recognized via hedging reserve
in shareholders' equity
Transfer to hedging reserve
before tax –183.3 4.6 30.6
Deferred tax on transfer to hedging
reserve 51.3 –1.3 –8.6
Transfer to hedging
reserve net of tax –132.0 3.3 22.0
Transfer to statement of income
before tax 2.4 –33.1 –11.0
Deferred tax on transfer to statement
of income –0.6 9.3 3.1
Transfer to statement
of income net of tax 1.8 –23.8 –7.9
Total change of hedging reserve
before tax 1 –180.9 –28.5 19.6
Deferred tax on total change of
hedging reserve before tax 1 50.7 8.0 –5.5
Total change of hedging
reserve net of tax –130.2 –20.5 14.1
Total impact on shareholders'
equity as specified above
Total revaluation before tax 2 –180.0 –32.6 –19.0
Deferred tax on total revaluation 2 50.4 9.1 5.3
Total revaluation after tax –129.6 –23.5 –13.7
1 Total of transfer to hedging reserve and transfer from hedging reserve to statement of income.
2 Total revaluation and deferred tax recognized via statement of income and via shareholders’ equity.
Securitas Annual report 2008
DErIvATIvES IN THE BALANcE SHEET
MSEK 2008 2007 2006
Interest–bearing financial
non-current assets
Fair value hedges – – 1,121.8
Cash flow hedges – 13.1 19.4
Other derivative positions – – –
Total derivatives included
in interest–bearing financial
non-current assets – 13.1 1,141.2
Interest–bearing current
receivables from subsidiaries
Fair value hedges – – –
Cash flow hedges – – –
Other derivative positions 22.3 10.2 42.1
Total derivatives included in
interest–bearing current
receivables from subsidiaries 22.3 10.2 42.1
Other interest–bearing current
assets
Fair value hedges – 1,421.2 –
Cash flow hedges 0.9 8.2 18.0
Other derivative positions 29.6 4.1 148.3
Total derivatives included in other
interest–bearing current assets 30.5 1,433.5 166.3
Other long–term loan liabilities
Fair value hedges – – –
Cash flow hedges 122.5 14.6 –
Other derivative positions – – –
Total derivatives included in other
long–term loan liabilities 122.5 14.6 –
Interest–bearing current liabilities
to subsidiaries
Fair value hedges – – –
Cash flow hedges – – –
Other derivative positions 44.3 7.3 71.1
Total derivatives included
in interest–bearing current
liabilities to subsidiaries 44.3 7.3 71.1
Other short–term loan liabilities
Fair value hedges – – –
Cash flow hedges 52.5 – –
Other derivative positions 10.7 17.3 61.3
Total derivatives included in other
short–term loan liabilities 63.2 17.3 61.3
Note 43. Operating expenses
AUDIT FEES AND rEIMBUrSEMENTS
MSEK 2008 2007 2006
Pricewaterhousecoopers
– audit assignments 5.3 7.7 8.2
– other assignments 1 10.5 3.1 12.7
Total PricewaterhouseCoopers 15.8 10.8 20.9
Other auditors
– audit assignments – – –
Total 15.8 10.8 20.9
1 The cost of other assignments carried out by Pricewaterhousecoopers includes fees for audit-related
advisory services relating to accounting, including IFrS, IT, acquisitions, divestments and matters
concerning the Group’s internal bank.