ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...

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Notes
NOTE 1 – cont.
the geographical regions in proportion to its revenues
adjusted for purchasing power. The regional
distribution is also used for internal follow-ups in
the Group.
Parent Company’s accounting principles
The Parent Company has prepared the annual
report according to the Annual Accounts Act
(1995:1554) and recommendation RFR 2 Accounting
for Legal Entities from the Swedish
Financial Reporting Board. RFR 2 means that
the Parent Company, in the annual report for the
legal entity, must apply all EU-approved IFRS
and statements as far as possible within the framework
of the Annual Accounts Act and taking into
account the connection between reporting and
taxation. The recommendation specifies exemptions
and additions relative to IFRS.
Differences between the Group’s and
Parent Company’s accounting principles
Differences between the Group’s and Parent
Company’s accounting principles are indicated
below. The accounting principles for the Parent
Company as stated below have been applied
consistently to all periods presented in the Parent
Company’s financial reports.
Subsidiaries, associated
companies and joint ventures
Shares in subsidiaries, associated companies
and joint ventures are recognized by the Parent
Company at cost, including transaction costs.
Revenue includes dividends received.
Group contributions and shareholders’
contributions for legal entities
The company reports Group contributions and
shareholders’ contributions in accordance with
statement UFR 2 of the Swedish Financial Reporting
Board.
Group contributions are recognized according
to their financial implications, i.e., Group
contributions paid or received to minimize the
Group’s total tax, are recognized directly in
retained earnings after deducting the current
tax effect. Shareholders’ contributions are recognized
directly in the shareholders’ equity of
the recipient and capitalized in the shares and
participating interests of the contributor, to the
extent impairment is not required.
In accordance with IFRS 2, the Parent Company
recognizes the cost of the employee stock
options and performance shares issued on behalf
of employees in subsidiaries as shareholder
contributions to each subsidiary accrued over
the vesting period.
Other
The Parent Company has no leases classified as
finance leases in its own accounts or the consolidated
accounts.
Financial instruments are carried at fair value
in the Parent Company only if permitted by
the Annual Accounts Act. Financial guarantee
agreements for the benefit of subsidiaries are
only reported as provision in the Parent company’s
balance sheet if payment is likely to be
recquired.
NOTE 2
OPERATING,SEGMENTS
GROUP
SEK, M
Revenues from external clients by geographical region
2010 2009
Northern Europe 1,445.1 1,435.5
Central Europe 924.3 1,032.4
Western Europe 1,396.6 1,659.9
Total 3,766.0 4,127.8
Revenues from external clients by country
Sweden 585.4 545.2
Finland 591.7 639.3
Switzerland 376.2 499.1
Netherlands 484.4 471.9
France 429.7 460.3
Other countries 1,298.6 1,512.0
Total 3,766.0 4,127.8
Intra-Group revenues by geographical region
Northern Europe 93.2 90.7
Central Europe 173.4 182.3
Western Europe 98.2 115.6
Elimination –364.8 –388.6
Total 0.0 0.0
Operating earnings by geographical region
Northern Europe 332.6 357.5
Central Europe 196.3 200.6
Western Europe 202.6 109.8
Central costs –0.9 0.3
Total operating earnings 730.6 668.2
Net financial items –91.3 –79.8
Earnings before tax 639.3 588.4
Operating margin, percent
Northern Europe 23.0 24.9
Central Europe 21.2 19.4
Western Europe 14.5 6.6
Group total 19.4 16.2
Assets
Northern Europe 2,643.6 2,099.8
Central Europe 1,670.0 1,874.9
Western Europe 2,449.7 2,865.6
Group common assets/eliminations 351.7 –41.4
Total 7,115.0 6,798.9