Annual report 1996 in English (2.93 Mb) - About H&M
Annual report 1996 in English (2.93 Mb) - About H&M
Annual report 1996 in English (2.93 Mb) - About H&M
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Parent Company balance sheet (SEK M, Note 1)LIABILITIES AND SHAREHOLDERS’ EQUITY <strong>1996</strong> 1995Accounts payable, trade 170.5 109.5Income tax liability – 12.6Accounts payable, subsidiaries 77.0 66.8Accrued expenses and deferred <strong>in</strong>come 192.3 186.8Other current liabilities 38.8 40.3Total current liabilities 478.6 416.0Long-term loans 25.3 26.3Provisions for pensions PRI 84.1 80.4Total long-term liabilities 109.4 106.7Depreciation <strong>in</strong> excess of plan 121.1 101.7Capital based tax equalisation reserve K 206.8 258.5Tax allocation reserve 150.0 101.0Total untaxed reserves 477.9 461.2Share capital, Note 8 206.9 206.9Legal reserve 87.8 87.8Total restricted shareholders’ equity 294.7 294.7Reta<strong>in</strong>ed profit, Note 11 820.5 651.8Net profit for the year 756.7 489.3Total unrestricted shareholders’ equity 1,577.2 1,141.1Total liabilities and shareholders’ equity 2,937.8 2,419.7Cont<strong>in</strong>gent liabilities 10.6 16.2of which on behalf of subsidiaries 5.6 11.3Pledged assetsReal estate mortgages 32.5 33.0
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