Annual Report 2006 - Euromaint

E u r o M a i n t A n n u a l R e p o r t 2 0 0 6
Note 16 PREPaID EXPENSES aND aCCRuED REvENuES
SEK thousands Group Parent company
2006-12-31 2005-12-31 2006-12-31 2005-12-31
Accrued revenues relating to
maintenance work carried out 43,060 8,133 0 0
Other items 11,238 12,202 312 0
Total 54,298 20,335 312 0
Note 17 LONG-TERM INTEREST-BEaRING LIaBILITIES
The recorded amounts and fair value for long-term borrowing are as follows:
Group, SEK thousands Book value Fair value
2006-01-01 2005-01-01 2006-01-01 2005-01-01
2006-12-31 2005-12-31 2006-12-31 2005-12-31
Long-term
Bank loans 270,000 340,000 270,000 340,000
Total 270,000 340,000 270,000 340,000
Current
Bank overdraft 0 0 0 0
Total 0 0 0 0
Bank overdraft facility granted 125,000 125,000 – –
Total credit facilities refer to credit facilities of SEK 725 (425) million with Swedbank and SEK 0 (300) million with other institutions, of which
SEK 455 (85) million remains in the credit facilities with Swedbank and SEK 0 (300) million remains with other institutions. In addition, the bank
overdraft facility granted amounts to SEK 125 million.
The Group has chosen to classify unused credit within existing credit facilities as long-term, as these agreements run until further notice.
The Group’s exposure, regarding borrowing, to changes in interest and contractual time for interest renegotiation are as follows:
Group, SEK thousands 06-01-01 05-01-01
06-12-31 05-12-31
6 months or less 1 5,000 215,000
6 – 12 months 75,000 125,000
Total 270,000 340,000
Average fixed interest term in months:
Weighted average interest on
4.37 4.26
balance sheet date 3.71 2.71
Note 18 OThER PROvISIONS
Provision guarantees
Group, SEK thousands 2006-12-31 2005-12-31
Provision at beginning of year 26, 68 4, 75
Provisions for the year 0 1, 00
Used during the year -6,2 7 -513
Reclassification of guarantee provisions 0 20,605
Provision at year-end 20,671 26,968
Provisions
Long-term portion 20,671 26, 68
Note 19 DEFERRED TaX LIaBILITy
Group, SEK thousands 2006-12-31 2005-12-31
Provision at beginning of year
Deferred tax for cancelled
12,418 0
depreciation/amortisation -3, 45 7,854
Deferred tax for untaxed reserves -207 4,564
Provision at year-end 8,266 12,418
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