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The LFV Group - Airport Mediation - Home

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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

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