Annual Report 2010 - CDON Group
Annual Report 2010 - CDON Group
Annual Report 2010 - CDON Group
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<strong>CDON</strong> <strong>Group</strong> AB<br />
<strong>Annual</strong> report <strong>2010</strong><br />
Note 11 Participations in <strong>Group</strong> companies<br />
Shares in subsidiaries (parent company) (SEK thousands)<br />
Corporate<br />
identification number Registered office No. of shares Share capital, % Share of votes, % Carrying amount<br />
<strong>CDON</strong> AB 556406-1702 Stockholm 1,000 100.0 100.0 27,779<br />
Heppo AB 556533-8372 Stockholm 1,666 100.0 100.0 -<br />
Linus & Lotta Postorder AB 556078-3135 Stockholm 9,000 100.0 100.0 -<br />
Gymgrossisten Sweden AB 556564-4258 Stockholm 1,000 100.0 100.0 202,102<br />
NLY Scandinavia AB 556653-8822 Stockholm 164,424 95.5 95.5 35,829<br />
Lekmer AB 556698-8035 Stockholm 901 90.1 90.1 14,572<br />
Total 280,282<br />
In April <strong>2010</strong>, Gymgrossisten Nordic AB merged with the parent company, <strong>CDON</strong> <strong>Group</strong> AB.<br />
Heppo AB was previously named MTG Publiken AB; the company changed its name during the fiscal year.<br />
Shares in subsidiaries (<strong>Group</strong>)<br />
Corporate<br />
identification number Registered office No. of shares Share capital, % Share of votes, %<br />
<strong>CDON</strong> AB 556406-1702 Stockholm 1,000 100.0 100.0<br />
Helsingin Dataclub Oy Finland 40 100.0 100.0<br />
<strong>CDON</strong> Alandia Ab Finland 100 100.0 100.0<br />
<strong>CDON</strong> Alandia Ab 556078-3135 Stockholm 9,000 100.0 100.0<br />
Gymgrossisten Sweden AB 556564-4258 Stockholm 1,000 100.0 100.0<br />
NLY Scandinavia AB 556653-8822 Stockholm 164,424 95.5 95.5<br />
Heppo AB 556533-8372 Stockholm 1,666 100.0 100.0<br />
Lekmer AB 556698-8035 Stockholm 901 90.1 90.1<br />
Shares and participating interests in subsidiaries, parent company (SEK thousands) <strong>2010</strong> 2009<br />
Opening accumulated cost 317,238 253,513<br />
Acquisitions 28,464 63,725<br />
Shareholder contribution 7,150 -<br />
<strong>Group</strong> restructuring -56,751 -<br />
Closing balance, 31 December 296,101 317,238<br />
Opening accumulated depreciation -15,748 -<br />
Depreciation during the year -71 -15,748<br />
Closing balance, 31 December -15,819 -15,748<br />
<strong>CDON</strong> Carrying <strong>Group</strong> amount, 31 ABDecember<br />
<strong>Annual</strong> report <strong>2010</strong><br />
280,282 301,490<br />
Note 12 Operating costs distributed per type of cost<br />
(SEK thousands) <strong>2010</strong> 2009<br />
Cost of goods sold -1,482,712 -1,160,151<br />
Distribution costs -268,762 -215,176<br />
Personnel expenses -136,391 -97,767<br />
Depreciation/amortization -6,892 -6,142<br />
Other expenses -180,649 -141,787<br />
Total expenses -2,075,406 -1,621,023<br />
Note 13 Accounts receivable<br />
<strong>Group</strong><br />
Credit exposure<br />
Accounts receivable are recognised taking into consideration credit losses incurred during the year of SEK 1,806 thousand (4,953) in the<br />
<strong>Group</strong>. The credit losses refer to losses on a number of smaller customers.<br />
SEK thousands 31 december <strong>2010</strong> 31 december 2009<br />
Accounts receivable not overdue or written down 25,052 17,700<br />
Accounts receivable overdue but not written down 3,871 1,739<br />
Accounts receivable written down 2,567 2,991<br />
Provision for bad customer accounts -2,567 -2,991<br />
Total accounts receivable 28,923 19,439<br />
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