Annual Report 2012.pdf - Cherry

Part 2 notes
Note 5: Transactions with associated companies
The parent company has a close affiliation with its subsidiaries (see Note
18). Services sold to subsidiaries refer in similarity to the previous year
mainly to management services, rental and office costs, future invoiced
expenditures. Transactions with subsidiaries take place at market rates.
Remuneration the chairman of the board, board members and executives
is reported in Note 7.
None of the board members or executives in Cherry or its subsidiaries
have, or have had, any direct or indirect involvement in any business
transactions with Cherry or its subsidiaries that are, or have been, unusual
in terms of their character or conditions.
Note 6: Other operating income
44 | annual report 2012
The sellers of the Automaten group have been engaged as consultants to
Inprom Ltd on Malta.
Consultancy services have been included at market rates and in 2012
the amount of SEK 7 027 thousand (6 558) has been invoiced to Inprom
Ltd.
As of 31-12-2012 there were no receivables from or liabilities to associated
companies.
Cherry has not, nor have its subsidiaries, had or issued loans, set
guarantees or entered into personal guarantees on behalf of any of the
board members, or executives in Cherry or its subsidiaries.
Parent Company
Purchases and sales, group companies 2012 2011
Net sales of subsidiaries 1 864 1 780
Share of total earnings 100% 100%
Purchases from subsidiaries 563 750
Share of total operating expenses 0.0% 0.1%
Group Parent Company
2012 2011 2012 2011
Revaluation of condition proceeds 73 447 23 828 - -
Exchange rate differences in operations 74 1 338 41 2
Licence revenues 46 46 46 46
Recovered write-down of receivables 12 11 - -
Capital gains from sale of fixed assets 8 78 - -
Other - 164 - -
Total 73 587 25 465 87 48