NOTE 13Holdings in associated companies<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006On January 1 61 52 5 5AdditionVästerås Flygplats - 9 - -DivestmentVästerås Flygplats - 0 - -Share of profit inassociated companiesfor the year 8 - - -69 61 5 5Accumulated acquisitionvalueOn January 1 -56 -48 - -Share in net profit ofassociated companiesfor the year 0 -9 - -Change in equity ofassociated companiesfor the year 1 - - --55 -56 0 0NOT 14Other long-term receivables<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006On January 1 69 60 21 14Items addedSettlement, Eurocontrol 5 16 6 16Other long-termreceivables -6 2 - -Depreciation on fixedassets paid in advance -1 -9 -1 -967 69 26 21Book value 67 69 26 21Book value 14 5 5 5NOTE 13 continuedHoldings in associated companiesSpecification of State enterpriseand <strong>LFV</strong> <strong>Group</strong> holdings inassociated companiesCorporate - Number Percentage Nominal Share of Book valueID number of shares of share capital value adjusted <strong>LFV</strong> Stateequity <strong>Group</strong> EnterpriseDirect holdings-A-Banan Projekt AB 556395-6928 5,000 50 5 5 - 5 1Indirect holdings(via <strong>LFV</strong> Holding AB)- Cityflygplatsen i Göteborg AB 556195-5823 5,244 40 0 1 2 -- Nordic <strong>Airport</strong> Properties AB 556598-5941 1,000 50 2 1 1 -- Nordic <strong>Airport</strong> Properties KB 969673-0143 1 50 0 3 11 -- Entry Point North AB 556682-8272 100,000 33 0 0 0 -14 51 Original acquisition value SEK 5 M.In the income statement of the <strong>Group</strong>, the share of profit from associated companies is reported under two items. One isprofit before taxes. <strong>The</strong> other is the share in the associated company’s taxes paid, which is reported along with the <strong>Group</strong>’staxes (see Note 9).Notes > <strong>LFV</strong> 2007
NOTE 15Prepaid expenses and accrued revenue<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006Miscellaneous prepaidexpenses 64 55 64 54Accrued revenue,sales-based rent 60 56 60 54Other accrued revenue 186 134 176 127310 245 300 235NOTE 16Restricted reserves and unrestricted equity<strong>LFV</strong> <strong>Group</strong> State enterpriseRestricted Unrestricted Restricted Unrestrictedreserves reserves reserves reservesOpening balance,2007, accordingto adopted balancesheet 1,136 826 1,121 753Dividend - -157 - -157Changes attributableto the <strong>Group</strong>’sassociated companies - - - -Transfer betweenunrestricted andrestricted equity -409 409 -402 402Profit for the year - -403 - -404Closing balance, 2007 727 675 719 594NOTE 17Pension provisions<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006On January 1 3,582 3,419 3,568 3,406<strong>The</strong> year’s pensionprovisions 1,408 286 1,408 1 285<strong>The</strong> year’s pensiondisbursements -141 -123 -141 -123Divestments ofsubsidiaries -11 - - -4,838 3,582 4,835 3,5681 New principles for calculating pension liability resulted in anonrecurring provision of SEK 1,113 M.NOTE 18Other provisions<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006Restructuring expenses 23 40 23 38Job security funds 26 23 26 23Other provisions 55 26 54 26103 89 102 88NOTE 19Liabilities to leasing companies<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006Leasing companies 36 35 36 3536 35 36 35NOTE 20Liability to the National Debt Office<strong>LFV</strong> <strong>Group</strong> State enterprise2007 2006 2007 2006On January 1 4,728 5,053 4,728 5,053New borrowings 194 1,178 194 1,178Payment of loan principal -361 -1,503 -361 -1,503On December 31 4,561 4,728 4,561 4,728<strong>The</strong> total liability to the National Debt Office was SEK 4,561 M.<strong>The</strong> total projected principal payment of SEK 600 M during2008 was reported as a current liability.Maturity date,1-5 years form balance sheet date SEK 3,452 MMaturity date,more than 5 years from balance sheet dateSEK 1,109 M<strong>The</strong> average remaining maturity of interest refixing periodsas of December 31, 2007 was 3.0 years (2.6), including interestrate derivative instruments.<strong>The</strong> approved ceiling on borrowing was SEK 7,700 M in 2007and is SEK 6,000 M in 2008.“Pension provisions” represent the actuarially calculatedcommitments under the PA 91 and PA 03 pension agreements,according to the National Government Employees’ PensionsBoard, including actuarially calculated pension paymentsgranted.38> <strong>LFV</strong> 2007 < Notes