Annual Report 1011 - The Stena Metall Group

12 EquipmentAug. 31, 2011 Aug. 31, 2010Acquisition value, opening balance 70.5 73.5Acquisitions during the year 5.8 1.4Sales and disposals –0.5 –4.4Acquisition value, closing balance 75.8 70.5Accumulated depreciation,opening balance –61.3 –60.8Sales and disposals 0.5 4.4Depreciation for the year –4.2 –4.9Accumulated depreciation,closing balance –65.0 –61.3Residual value according to plan 10.8 9.2Accelerated depreciation –2.4 —Net carrying value 8.4 9.216 Untaxed reservesOpeningbalanceAllocation/dissolution forthe yearNet carryingvalueAccelerated depreciation:Buildings 3.4 –0.5 2.9Land improvements 0.1 — 0.1Plant and machinery 5.3 1.0 6.3Total 8.8 0.5 9.3Of the untaxed reserves, 2.4 (2.3) refers to deferred tax.17 Other provisionsAug. 31, 2011 Aug. 31, 2010Unsecured pension commitments 88.8 76.9Other — 3.4Total 88.8 80.313 Construction in progressAug. 31, 2011 Aug. 31, 2010Acquisition value, opening balance 0.5 3.4Acquisitions during the year 22.0 5.2Reclassification –2.5 –2.8Sold to Group companies –7.8 –5.3Net carrying value 12.2 0.518Accrued expensesand prepaid incomeAug. 31, 2011 Aug. 31, 2010Accrued salaries 19.8 31.1Accrued social insurance contributions 9.4 11.7Other 10.0 14.3Total 39.2 57.114Shares and participationsin Group companiesThe Group’s holdings of shares and participations are specified on pages 60-61.During the year the following acquisitions and changes affected companies in theGroup.On November 30, 2010 Stena Technoworld AB’ s Italian subsidiary, Stena Technoworldsrl, acquired all the shares in SIRA srl. On January 1, 2011 Stena Stål AB acquired AHABSteel AB (now Stena Stål Storfors AB).Stena Recycling AS acquired the Norwegian recycling company Aanerød AS onMay 31, 2011 and on the same date purchased Stena Recycling AB 100% of the sharesin the former partly owned company Kretsloppsparken Kristianstad AB. Stena RecyclingAB also established Refero-Bilretur AB together with Sveriges Bilskrotares RiksförbundService. Stena Recycling AB’s ownership interest is 51%.SMG Glava AB was acquired on March 31, 2011. A sales company – Stena RecyclingGmbH – was established during the year in Germany. Moreover, a company was formedin Hong Kong, Stena Metal Asia Ltd.As of September 1, 2010 Stena Miljö AB was merged with Stena Recycling AB.15 Other long-term receivables19 Assets pledged and contingent liabilitiesAug. 31, 2011 Aug. 31, 2010Assets pledgedOther long-term receivables 74.5 64.7Total assets pledged 74.5 64.7Contingent liabilitiesSureties for subsidiaries 9,300.3 7,958.7Other sureties 44.0 47.0Pension commitments 3.6 3.7Total contingent liabilities 9,347.9 8,009.420 Cash flowExternal interest received and paid amounted to 0.3 (0.2) and –0.1 (0.0), respectively.Aug. 31, 2011 Aug. 31, 2010Receivables from insurance companies 74.5 64.7Deferred tax claims 21.5 17.0Other — 0.7Total 96.0 82.459