Annual and Sustainability Report 2011 - Teracom

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Note 16 (cont'd) Intangible assets Group 2011 Patents, licenses and similar rights Goodwill Brand Customer agreements Customer relations Accumulated cost - Opening balance, 1 January 364 1 233 73 20 85 1 775 - Adjustment of acquisition balance, reclassification to property, plant and equipment -14 - - - - -14 - Adjustment of acquisition balance, netting against customer advances -67 - - - - -67 - Investments 45 0 0 0 0 45 - Sales/disposals -29 -19 0 0 0 -48 - Exchange rate differences 0 -3 0 -1 0 -4 - Reclassification 30 -30 - - - 0 Closing accumulated cost, 31 December 329 1 181 73 19 85 1 687 Accumulated amortization - Opening balance, 1 January -155 0 0 -2 -16 -173 - Sales/disposals 21 0 0 0 0 21 - Exchange rate differences 0 0 0 0 0 0 - Depreciation for the year -50 - - -6 -11 -67 Closing accumulated amortization, 31 December -184 0 0 -8 -27 -219 Accumulated impairment losses - Opening balance, 1 January -18 -19 0 0 0 -37 - Sales/disposals 0 19 0 0 0 19 - Reclassifications 0 0 0 0 0 0 - Impairment losses for the year -12 0 0 0 0 -12 Closing accumulated impairment losses, 31 December -30 0 0 0 0 -30 Carrying amount 1 January 191 1 214 73 18 69 1 565 31 December 115 1 181 73 11 58 1 438 Total Intangible assets Group 2010 Patents, licenses and similar rights Goodwill Brand Customer agreements Customer relations Accumulated cost - Opening balance, 1 January 209 1 158 84 0 84 1 535 - Investments 42 0 0 0 0 42 - Acquisitions 120 112 0 20 12 264 - Exchange rate differences -7 -37 -11 0 -11 -66 Closing accumulated cost, 31 December 364 1 233 73 20 85 1 775 Accumulated amortization - Opening balance, 1 January -108 - 0 0 -6 -114 - Depreciation for the year -47 - - -2 -10 -59 Closing accumulated depreciation, 31 December -155 0 0 -2 -16 -173 Accumulated impairment losses - Opening balance, 1 January 0 -16 0 0 0 -16 - Reclassifications 0 -3 0 0 0 -3 - Sales/disposals 0 0 0 0 0 0 - Exchange rate differences 0 0 0 0 0 0 - Impairment losses for the year -18 0 0 0 0 -18 Closing accumulated impairment losses, 31 December -18 -19 0 0 0 -37 Carrying amount 1 January 101 1 142 84 0 78 1 405 31 December 191 1 214 73 18 69 1 565 Total 82
Note 17. Other financial assets Group Other financial assets 2011 2010 Net asset, pensions 59 51 Long-term loan receivable 30 56 Endowment insurance 1 1 Other 5 6 Total 95 114 A detailed description of the item "Net asset, pensions" is provided in note 7. Note 18. Deferred tax Group Parent Company 2011 2010 2011 2010 Deferred tax assets 172 120 25 - Deferred tax liabilities -502 -482 - - Deferred tax asset/tax liability, net -330 -362 25 - The tables below present deferred tax assets and liabilities for the Group and the Parent Company according to category and how the assets and liabilities changed during the year. Group Deferred tax assets/liabilities Untaxed reserves Intangible assets Pension liability Deficit deduction Opening balance, 1 January -449 -38 -18 134 9 -362 Cash flow hedges 5 5 Exchange rate differences -1 0 -1 Reclassifications -4 18 2 16 Taken up as income during the year -27 5 -2 37 -1 12 Closing balance, 31 December 2011 -476 -37 -20 188 15 -330 Other Total Parent Company Deferred tax assets/liabilities Deficit deductions Total Opening balance, 1 January 0 0 Taken up as income during the year 25 25 Closing balance, 31 December 2011 25 25 On the balance sheet date, the Group has unutilized deficit deductions for the Swedish operations totaling SEK 97 (0) million. The deficit deduction was reported as a deferred tax asset totaling SEK 25 (0) million. The total deficit pertaining to the Danish operations was SEK 755 (572) million on the balance sheet date, which corresponds to a deferred tax asset of SEK 189 (143) million using the Danish tax rate. Having taken into consideration uncertainties about future profits and other factors, a deferred tax asset of SEK 104 (105) million was reported by the Boxer Denmark segment. Unutilized deficit deductions for the Danish operations amount to SEK 338 (151) million. For the Finnish operations, the total deficit as of the balance sheet date was SEK 655 (571) million, which corresponds to a deferred tax asset of SEK 170 (148) million using the Finnish tax rate. For the Plus TV segment, SEK 58 (38) million was reported as a deferred tax asset having taken into consideration uncertainties about future profits and other factors. Unutilized deficit deductions for the Finnish operations amount to SEK 431 (424) million. The unutilized deficit deductions have an unlimited life, except for the deductions in Finland, which have a 10-year life. 83
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Annual and Sustainability Report 20
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Read more about the Swedish busines
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Denmark has been and continues to b
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Teracom Group On 1 June, Teracom Gr
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An integrated TV business The Group
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digital radio and, in connection wi
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Subsidized public transportation en
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Sweden Sweden is the Group’s firs
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The market The competition primaril
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67 PR5 Customer satisfaction for Bo
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Denmark Denmark is the Group's youn
Page 24 and 25:
Chris Corneliussen, Boxer Denmark
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Finland PlusTV is the largest Pay-T
Page 28 and 29:
Kimi »The Iceman« Räikkönen is
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Sustainability - corporate responsi
Page 32 and 33:
The Teracom Group’s sustainabilit
Page 34 and 35: The Group's breakdown of climate im
Page 36 and 37: Employees For the Teracom Group, hi
Page 38 and 39: Media plurality requires a long-ter
Page 40 and 41: Reporting in accordance with GRI gu
Page 42 and 43: GRI G3 Index Reference Comments 1.
Page 44: Contents 44 Directors’ Report 49
Page 47 and 48: Operating profit for the year amoun
Page 49 and 50: Diversity and equal opportunity Div
Page 51 and 52: Corporate Governance Report The Cor
Page 53 and 54: Teracom AB's 2011 AGM Teracom AB's
Page 55 and 56: Evaluation of the Board of Director
Page 57 and 58: ously striving to achieve long-term
Page 59 and 60: 1 2 3 4 5 6 7 8 9 10 11 12 Board of
Page 61 and 62: Consolidated Income Statement MSEK
Page 63 and 64: Consolidated Cash Flow Statement MS
Page 65 and 66: Parent Company Income Statement MSE
Page 67 and 68: Parent Company Cash Flow Statement
Page 69 and 70: Notes Contents Note Description Pag
Page 71 and 72: the Group conducts an impairment te
Page 73 and 74: No major changes will be made for f
Page 75 and 76: Note 4 Segment reporting The Group
Page 77 and 78: Notice period and severance pay The
Page 79 and 80: Return on plan assets 2011 2010 For
Page 81 and 82: Note 13. Tax on profit for the year
Page 83: Note 16. Goodwill and other intangi
Page 87 and 88: Net investments of foreign operatio
Page 89 and 90: Financial derivative instruments Th
Page 91 and 92: Note 26. Shares and participations
Page 93 and 94: Auditors' report on overall review
Page 95: Responsibility of the auditor It is
Page 98 and 99: Technical definitions Broadcasting
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Annual and Sustainability Report 2011 - Teracom

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