SÃ¶dra annual report 2012

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Note 10 Shares in associates Group Parent Company 2012 2011 2012 2011 At the beginning of the year 113 109 58 48 Acquisition of associates — 10 — 10 Share of profit of associates 0 –6 — — Translation difference –1 — — — Carrying amount at the end of the year 112 113 58 58 The following information pertains to associates in full. Specification of associates 2012 Country Revenue Profit Assets Liabilities Equity Ownership share in % Parent Company SunPine AB Sweden 884 –8 558 472 86 28 Svenska Skogsägarplaner AB Sweden — — 0 — 0 47 ECS Entreprenörscertifiering AB Sweden — — 1 — 1 25 Subsidiaries Torsås Fjärrvärmenät AB Sweden 8 0 26 18 8 24 Södra Timber A/S Denmark 201 2 33 22 11 50 Crown Timber Group (plc) United Kingdom 881 7 244 107 137 21 Specification of associates 2011 Country Revenue Profit Assets Liabilities Equity Ownership share in % Parent Company SunPine AB Sweden 590 –29 542 447 95 28 Svenska Skogsägarplaner AB Sweden — — 0 0 0 47 ECS Entreprenörscertifiering AB Sweden 0 –1 1 — 1 25 Subsidiaries Torsås Fjärrvärmenät AB Sweden 8 0 26 18 8 24 Södra Timber A/S Denmark 214 2 33 24 9 50 Crown Timber Group (plc) United Kingdom 895 6 252 117 135 21 The information is based on the reports available at the time of Södra’s reporting. 26 Södra 2012
Note 11 Income from financial items Finance income and expenses Parent Company 2012 2011 Finance income and expenses Group 2012 2011 Finance income Net profit Assets and liabilities at fair value via profit or loss 130 8 Dividends 26 25 Net exchange rate fluctuations — 8 Other interest income 26 70 Other finance income 0 2 182 113 Finance expenses Net loss Assets and liabilities at fair value via profit or loss –62 –130 Net exchange rate fluctuations –8 — Interest expenses on defined-benefit pension obligations –5 –1 Other interest expenses –94 –97 Other finance expenses –3 –7 –172 –235 Total 10 –122 Of which: Interest income from instruments measured at amortised cost 15 20 Interest expenses from instruments measured at amortised cost –94 –97 Profit from shares in Group companies Profit from sale of shares in Group companies –8 13 –8 13 Interest income and similar profit items Dividends on shares in other companies 26 25 Interest income from Group companies 42 44 Interest income from others 15 58 Profit on sale of current investments 25 8 Other 0 1 108 136 Interest expenses and similar items Interest expenses from Group companies –6 –26 Interest expenses from others –76 –75 Impairment 76 –75 Foreign exchange rate loss –6 0 Loss on sale of current investments –62 — Other –2 –7 –76 –183 Total 24 –34 Profit from financial instruments recognised in operating income Group 2012 2011 Note 12 Appropriations Exchange rate effect in trade receivables –20 10 Net profit from currency derivatives 23 192 3 202 Value changes for hedging instruments that pertain to fair value hedging had a profit impact of negative SEK 5 million (pos: 92) for derivatives and positive SEK 5 million (neg: 92) for hedged items. Parent Company 2012 2011 Change in tax allocation reserve – provisions for the year — –20 – releases for the year 188 — Change in accelerated depreciation – machinery and equipment — 3 Intra-Group transfers received 688 1,218 Intra-Group transfers paid –462 –644 Total 414 557 Note 13 Taxes Recognised tax expense Group Parent Company 2012 2011 2012 2011 Tax expense for the period –23 –92 –15 –16 Adjustment of tax pertaining to previous years 0 –5 0 0 Current tax expense –23 –97 –15 –16 Deferred tax expense pertaining to temporary differences 370* –78 –18 0 Deferred tax expense 370 –78 –18 0 Total 347 –175 –33 –16 * The deferred tax income on temporary differences is mainly attributable to a changed tax rate in Sweden. Södra 2012 27
Page 1 and 2: Södra 2012 Annual Report
Page 3 and 4: Directors’ Report The Board of Di
Page 5 and 6: - At the closed Hjortsberga sawmill
Page 7 and 8: Consolidated statement of comprehen
Page 9 and 10: 31 December, SEK million Note 2012
Page 11 and 12: Consolidated statement of cash flow
Page 13 and 14: Parent Company balance sheet 31 Dec
Page 15 and 16: Parent Company statement of changes
Page 17 and 18: Note 1 Accounting policies Södra h
Page 19 and 20: Financial statements for foreign en
Page 21 and 22: carried out using a risk-adjusted d
Page 23 and 24: RFR 2 specifies that the Parent Com
Page 25 and 26: Note 3 Net revenue Note 4 Other rev
Page 27: Note 7 Other expenses Note 9 Paymen
Page 31 and 32: Cash flow hedging - transferred to
Page 33 and 34: Note 17 Buildings and land Group Bu
Page 35 and 36: Note 19 Construction in progress No
Page 37 and 38: Translation exposure Translation ex
Page 39 and 40: Maturity structure financial liabil
Page 41 and 42: Note 27 Inventories Note 29 Current
Page 43 and 44: Note 33 Interest-bearing liabilitie
Page 45 and 46: Fair value of plan assets Group 201
Page 47 and 48: Not 39 Group companies Specificatio
Page 49 and 50: Note 42 Statement of cash flows Not
Page 51 and 52: Other shares and participations inc
Page 53 and 54: Proposed appropriation of profits T
Page 56: Solberg This is Södra Södra is ba

SÃ¶dra annual report 2012

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