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

72
Notes
share. A total of 2,038,400 new shares were subscribed during the period
July 1, 2007–May 30, 2009, of which the last 402,480 shares were subscribed
in 2009. The option to sell additional options to cover the liquidity
effects of society security expenses has not been utilized, because of which
provisions for society security expenses recognized directly against equity
during the options’ vesting period have been reversed.
The reported cost for the program in 2009 corresponded to a decrease
in costs of SEK 0.3 M. The effect on the result was calculated according to
IFRS 2 Share-based Payment and by applying the statement UFR 7 from the
Swedish Finacial Reporting Board.
Performance-Based Share Program from 2008
A new Performance-Based Share Program was introduced in 2008 in accordance
with the resolution of the Annual General Meeting, that could hav
enabled 43 employees the possibility to acquire a total of not more than
144,473 shares at a strike price of SEK 10.00 per share, of which half during
the period May 15, 2010-May 15, 2012 and half during the period May
15, 2011-May 15, 2013. This Performance-Based Share Program did not
include CEO Lars Wollung. The number of shares was adjusted in view of
share dividends in 2009 and 2010, among other things. However, it required
a predetermined growth rate in the Group’s earnings per share that was not
achieved and therefore the shares have expired without value.
The reported cost of the program during 2010 amounted to SEK 2.6 M
(compared to a cost of SEK 0.7 M in 2009), calculated according to IFRS
2 and UFR 7.
The Performance-Based Share Program from 2008 has not caused any
dilution effect since the performance conditions were not met.
NOTE 33
fEES TO AUDITORS
Audit assignments refer to the examination of the annual report and accounting
records as well as the administration by the Board and the President, other
tasks related to the duties of the company’s auditors and consultation or other
services that may result from observations noted during such examinations
or implementation of such other tasks. All other tasks are defined as other
assignments.
GROUP PARENT COMPANY
2010 2009 2010 2009
Audit assignments
KPMG 7.9 10.1 0.7 0.7
Other assignments
KPMG Audit in excess
of audit assignment
0.0 0.0 0.0 0.0
KPMG Tax advice 1.7 2.9 0.6 1.9
KPMG Other assignments 1.7 1.2 0.3 0.0
Audits and other assignments,
other auditors
0.8 1.1 0.0 0.0
Total 12.1 15.3 1.6 2.6
NOTE 34
OPERATIONAL LEASING
GROUP PARENT COMPANY
2010 2009 2010 2009
Obligations for rental payments on non-cancelable leases
Year 1 115.8 140.1 2.1 2.3
Year 2–4 230.8 241.8 1.6 3.3
Year 5 and thereafter 40.8 69.8 0.0 0.0
Total 387.4 451.7 3.7 5.6
Lease costs for operating leases amounted to SEK 130.0 M (139.5) during the year,
of which SEK 2.5 M (2.7) in the Parent Company.
Operating leasing primarily refers to offices for the Group’s operations in its countries.
No single lease is of material significance to the Group in terms of amount.
NOT 35
fINANCE LEASING
GROUP
2010 2009
Minimum lease payments and their present value
Within one year 1.6 0.7
Later than one but within five years 2.7 0.6
Later than five years 0.1 0.1
Total 4.4 1.4
The present value of future lease payments according to finance leases is
recognized in the balance sheet in the item Other liabilities.
NOTE 36
INVESTING COMMITMENTS
Commitments to acquire fixed assets amounted to SEK 0.1 M (0.0) at year-end.
NOTE 37
fINANCIAL INSTRUMENTS
Carrying value and fair value of financial instruments
Financial instruments are recognized in the balance sheet as follows.
2010
GROUP
SEK M
At fair value
through
profit or loss,
held for sale
Loans
and
receivables
Other
liabilities
Total
carrying
value
Fair
value
Purchased debt 2,373.4 2,373.4 2,373.4
Accounts receivable 268.3 268.3 268.3
Other receivables 8.2 964.7 972.9 972.9
Liquid assets 507.1 507.1 507.1
Total 8.2 4,113.5 0.0 4,121.7 4,121.7
Liabilities to credit
institutions
2,589.0 2,589.0 2,589.0
Accounts payable 141.4 141.4 141.4
Other liabilities 0.8 997.3 998.1 998.1
Total 0.8 0.0 3,727.7 3,728.5 3,728.5
Purchased debt 2,311.9 2,311.9 2,311.9
Accounts receivable 281.0 281.0 281.0
Other receivables 7.5 1,077.4 1,084.9 1,084.9
Liquid assets 491.4 491.4 491.4
Total 7.5 4,161.7 0.0 4,169.2 4,169.2
Liabilities to credit
institutions
2,519.5 2,519.5 2,519.5
Accounts payable 143.0 143.0 143.0
Other liabilities 1.3 897.2 898.5 898.5
Total 1.3 0.0 3,559.7 3,561.0 3,561.0