Atea â€žr 52+4 EN

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Notes Inventory Valuation of the inventory is performed at whichever is the lower of the acquisition value and the current value. The value does not exceed the goods’ sale value after deductions for sale expenses. Deductions are made for obsolescence. The inventory consists mainly of hardware for further sale. Taxes Provision is made for current and deferred tax. Current tax is based on the relevant companies’ taxable profit. Deferred tax takes into consideration the tax effect of the difference between values included in the accounts and fiscal values, as well as values attributable to unutilised deductions for loss. Related companies There are constant transactions between the Atea group and the WM-data group for business reasons. Atea Holding received a loan from WM-data in connection with the formation of the group. The loan is SEK 100 million. Interest is paid on market terms. Purchase and sale between group companies Of the parent company’s total expenses for purchase and sale, 47% of purchases have come from and 100% of the income has gone to other companies within the group. Definition of key ratios Solidity Equity including equity share of untaxed reserves in relation to balance-sheet total. Note 1 Distribution of net turnover and operating profit/loss The net turnover and operating profit/loss before financial items per country divide up as follows: Operating profit/loss Net turnover Group 2002 2001 2002 2001 Sweden 69,182 22,755 2,947,923 728,260 Finland 11,935 –3,122 1,338,286 337,629 Denmark 26,219 12,717 1,525,515 488,050 Norway –20,595 –5,752 250,072 88,348 Total 86,741 26,597 6,061,796 1,642,287 48 Note 2 Staff expenses Salaries and other remuneration1 2002 2001 Parent company Subsidiaries: 1,747 0 Sweden 95,975 25,872 Finland 95,484 26,945 Denmark 73,232 20,749 Norway 20,415 5,032 Social security contributions and pension costs2 2002 2001 Parent company Subsidiaries: 771 0 Sweden 40,577 11,138 Finland 22,572 5,504 Denmark 976 2,552 Norway 4,137 868 of which pension costs for: – parent company and Atea Sweden AB 9,232 2,647 – foreign subsidiaries 17,163 2,340 1 of salaries and other remuneration, the following apply to the managing director and board 2002 2001 Parent company Subsidiaries: 1,747 0 Sweden 1,176 1,078 Finland 1,967 488 Denmark 2,184 791 Norway 3,300 321 2 of the pension expenses, the following apply to the managing director and board 2002 2001 Parent company Subsidiaries: 154 0 Sweden 75 238 Finland 0 81 Denmark 0 0 Norway 29 0
Average number of staff Men 2002 Women 2002 Men 2001 Women 2001 Parent company Subsidiaries: 1 0 0 0 Sweden 212 60 188 63 Finland 177 72 200 64 Denmark 86 52 85 67 Norway 21 11 25 19 Total number of staff 497 195 498 213 Note 3 Information on auditors’ fees Group Parent company Fees and reimbursement of expenses Ernst & Young AB 2002 2001 2002 2001 Auditing assignments 1,083 701 536 50 Other assignments 715 260 365 22 BDO Auditing assignments 193 0 0 0 Other assignments 377 0 0 0 Other Auditing assignments 0 0 0 0 Other assignments 28 0 0 0 Note 4 Leasing expenses Through operational leasing agreements the group has at its disposal equipment, computers, company cars, premises etc. Future payment undertakings within the group. Premises M & E 2003 25,414 16,634 2004 24,369 14,296 2005 9,689 5,674 2006 0 585 2007 and later 0 0 The year’s expenses for rented assets totalled: – premises 26,008 – machinery and equipment 19,264 49 Note 5 Financial income and expenses Notes Financial income Group Parent company Group contributions 0 94,000 Dividends from subsidiaries 0 33,014 Interest income 12,843 514 Total financial income 12,843 127,518 Financial expenses Group Parent company Write-down of shares in subsidiaries 0 –40,321 Interest expenses –34,725 –25,455 Total financial expenses –34,725 –65,776 Note 6 Allocation to/from untaxed reserves Group Parent company Allocation to periodisation fund 0 –14,149 Total allocation to/from untaxed reserves 0 –14,149 Note 7 Tax on profit/loss for the year Group Parent company Current tax –25,723 –11,885 Deferred tax attributable to non-utilised deductions for loss –2,680 –1,721 Deferred tax attributable to untaxed reserves –3,754 0 Total tax on profit/loss for the year –32,157 –13,606 The difference between recorded tax expenses and tax expenses at current tax rates comprises the following components: Recorded profit/loss before tax 64,859 41,297 Tax in accordance with current tax rates –27,721 –13,284 Tax effect on goodwill depreciation –5,430 0 Effects of fiscal adjustments 994 –322 Total tax –32,157 –13,606 The company has recorded a tax claim as a result of unutilised deductions for loss with regard to the Norwegian subsidiary. The claim is recorded with a view to the company’s expected future earning capacity.
Page 1: Atea Annual Report 2002 Being one s
Page 4 and 5: Contents The year in brief, report
Page 6 and 7: Thomas Keifer, CEO
Page 8 and 9: Vision, targets and strategy effici
Page 10 and 11: Customer case IT in wet and dry The
Page 12 and 13: The market and the outside world At
Page 14 and 15: Atea’s role Customers’ requirem
Page 16 and 17: Tor Håvard Sekse, Vice President I
Page 18 and 19: Atea Value Chain Atea Value Chain m
Page 21 and 22: Fruitful collaboration which benefi
Page 23 and 24: Basically the Swedish National Rail
Page 25 and 26: tomers choose products from a stand
Page 27 and 28: The Atea Value Chain helps customer
Page 29 and 30: Jarmo Mikkonen, managing director S
Page 31 and 32: Frank Mortensen Managing Director D
Page 33 and 34: Atea Denmark - big influx of new cu
Page 35 and 36: Kari Savolainen, Managing Director
Page 37 and 38: Anders Bergström, Managing Directo
Page 39 and 40: Atea Sweden - increased demand desp
Page 41 and 42: Gündor Rentsch Chairman of the boa
Page 43 and 44: Parent company Atea Norway AS has b
Page 45 and 46: Balance sheet, cont. Thousands of S
Page 47: Balance sheet, cont. Parent company
Page 51 and 52: Computers Depreciation has taken pl
Page 53 and 54: Stockholm, 25 March 2003 Gündor Re

Atea â€žr 52+4 EN

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