Annual report 2011 - Trelleborg

Note 4
Auditor’s remuneration
sek m
PricewaterhouseCoopers
2011 2010
Audit assignment 34 34
Audit activities other than audit assignment 4 4
Tax consultancy services 6 3
Other services
Other auditors
5 17
Audit assignment 1 1
Audit activities other than audit assignment – –
Tax consultancy services 0 –
Other services 0 0
Total 50 59
Of which discontinued operations – 1
Note 5
Items affecting comparability, continuing operations
Breakdown by business area
sek m 2011 2010
Trelleborg Engineered Systems –86 –110
Trelleborg Automotive –93 –98
Trelleborg Sealing Solutions –24 –22
Trelleborg Wheel Systems – –16
Other –1 –4
Total –204 –250
Breakdown by function
sek m 2011 2010
Cost of goods sold –102 –30
Selling expenses –14 –
Administrative expenses –18 –43
Other operating costs –70 –177
Total –204 –250
Of which, impairment losses/restructuring costs
Impairment losses Restructuring costs
sek m 2011 2010 2011 2010
Trelleborg Engineered Systems –6 1 –80 –111
Trelleborg Automotive –3 –22 –90 –76
Trelleborg Sealing Solutions – –9 –24 –13
Trelleborg Wheel Systems – – – –16
Other – – –1 –4
Total –9 –30 –195 –220
Impairment of non-current assets was conducted to the calculated value in use.
Note 6
Other operating income and expenses
sek m 2011 2010
Compensation from insurance company 2 16
Exchange-rate differences 65 74
Customer-/Supplier-related revenues 37 19
Sale of non-current assets 29 16
Sale of tools, prototypes, etc. 93 84
Sale of services 16 11
Other 126 82
Total other operating income 368 302
Royalties –31 –18
Exchange-rate differences –67 –60
Customer-/Supplier-related expenses –10 –23
Sale/disposal of non-current assets –1 –8
Restructuring costs –70 –177
Other –28 –102
Total other operating expenses –207 –388
Total operating income and expenses 161 –86
Note 7
Share of profit or loss in associated companies
Profit/loss
before tax
Tax
Net profit/
loss
Dividend
received
sek m 2011 2010 2011 2010 2011 2010 2011 2010
Dawson Manu.Co 18 23 –7 –9 11 14 0 26
Other associated companies 0 0 0 0 0 0 1 0
Total continuing 18 23 –7 –9 11 14 1 26
Roofing contractor –6 –11 0 3 –6 –8 0 8
Total discontinued –6 –11 0 3 –6 –8 0 8
Receivables
from
associated
companies
Liabilities to
associated
companies
Sales to
associated
companies
Operating
income from
associated
companies
sek m 2011 2010 2011 2010 2011 2010 2011 2010
Dawson Manu. Co 5 5 – – 21 23 10 8
Other associated companies 2 0 – – 12 7 0 0
Total continuing 7 5 – – 33 30 10 8
Roofing contractor – 19 – – – 109 – 5
Total discontinued – 19 – – – 109 – 5
Company
Registered
office
Share of
equity, %
Assets Liabilities
sek m
Indirectly owned
2011 2010 2011 2010
Dawson Manu. Co USA 45 173 140 59 55
Other 75 32 54 24
Total continuing 248 172 113 79
Roofing contractor – 186 – 133
Total discontinued – 186 – 133
Company Shareholders’
equity
Net
sales
Profit/loss
for the year
Carrying
amount
sek m
Indirectly owned
2011 2010 2011 2010 2011 2010 2011 2010
Dawson Manu. Co 114 85 223 265 25 33 51 38
Other 20 8 76 41 5 –2 3 3
Total continuing 134 93 299 306 30 31 54 41
Roofing contractor – 53 – 773 – –11 – 5
Total discontinued – 53 – 773 – –11 – 5
Shares and participations in associated companies
sek m 2011 2010
Balance January 1 41 73
Acquisitions 1 5
Divestments 6 0
Dividend –1 –34
Share of profit in associated companies 5 6
Translation differences 2 –4
Assets held for sale – –5
Carrying amount, December 31 54 41
Note 8
Expenses by nature
sek m
Costs for raw materials, components, goods for resale and packaging
2011 2010
material as well as energy and transport costs –16,076 –14,638
Remuneration to employees –7,668 –7,480
Depreciation/amortization and impairment losses –1,084 –1,047
Other external costs related to sales, administration and research
and development
–2,075 –1,966
Other operating income/expenses 217 –43
Share of profit in associated companies 11 14
Total –26,675 –25,160
Note 9
Exchange-rate differences impacting operating profit
NOTES – GROUP
sek m 2011 2010
Net sales 17 0
Cost of goods sold –7 9
Sales, administration and R&D costs –4 3
Other operating income/operating expenses –2 26
Total 4 38
Annual Report 2011 Trelleborg AB 83