Annual Report 2010 - CDON Group

CDON Group AB
Annual report 2010
Other financial assets are recognised in the statement of financial position as cash and cash equivalents, interest-bearing long-term
receivables, accounts receivables, and receivables in MTG companies. Financial liabilities are recognised as liabilities to suppliers, current
interest-bearing liabilities, and long-term interest-bearing liabilities. The company deems that the book values and the fair values are
equal for these items.
Classification of financial instruments
Group (SEK thousands)
Assets
Loans receivable and accounts receivable
2010 2009
Accounts receivable 28,923 19,439
Current interest-bearing receivables, MTG cash pool accounts - 270,027
Other receivables 35,824 30,308
Cash and cash equivalents 431,343 3,045
Total loans receivable and accounts receivable 496,090 322,819
Total assets 496,090 322,819
Liabilities
Other liabilities
Interest-bearing liabilities, MTG cash pool accounts - 258,380
Accounts payable 240,133 202,127
Convertible bonds 207,204 -
Other liabilities 39,852 158,780
Accrued expenses and prepaid income 124,899 95,107
Total other liabilities 612,088 714,394
Total liabilities 612,088 714,394
Parent company (SEK thousands)
Assets
Loans receivable and accounts receivable
2010 2009
Accounts receivable 154 -
Current interest-bearing receivables, MTG cash pool accounts - 142
Receivables from subsidiaries 165,766 130,660
Other receivables 269 927
Cash and cash equivalents 407,444 -
Total loans receivable and accounts receivable 573,633 131,729
Total assets 573,633 131,729
Liabilities
Other liabilities
Interest-bearing liabilities, MTG cash pool accounts - 230,049
Accounts payable 612 -
Convertible bonds 207,204 -
Other liabilities 2,689 -
Liabilities to Group companies 241,311 186,905
Accrued expenses and prepaid income 16,983 25
Total other liabilities 468,799 416,979
Total liabilities 468,799 416,979
Calculation of fair value
Convertible bonds
Fair value of the debt component of the convertible bonds is calculated by discounting future flows of principal amounts and interest
using a market interest rate for similar debts without conversion right.
Accounts receivable and accounts payable
For accounts receivable and accounts payable with a remaining life of less than six months, the book value reflects the fair value. The
Group has no accounts receivable or accounts payable with a life in excess of six months.
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