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Income statement<br />
Parent company<br />
Balance sheet<br />
Parent company<br />
Parent company financial statements<br />
ASSA ABLOY<br />
Annual Report 2007<br />
61<br />
SEK M Note 2006 2007<br />
Administrative expenses 3, 6, 8, 9 –478 –660<br />
Research & Development costs 6, 8, 9 –52 –221<br />
Other operating income and expenses 4 945 1,641<br />
Operating income 10 415 760<br />
Financial income 11 1,260 2,294<br />
Financial expenses 10, 12 –628 –703<br />
Income before tax 1,047 2,351<br />
Tax on income 13 3 17<br />
Tax effect of Group contributions 13 –156 –214<br />
Net income 894 2,154<br />
SEK M Note 2006 2007<br />
ASSETS<br />
Non-current assets<br />
Intangible assets 15 407 692<br />
Tangible assets 16 7 6<br />
Shares in subsidiaries 17 12,474 13,266<br />
Receivables from subsidiaries 2,259 2,374<br />
Other long-term financial assets 20 174 101<br />
Total non-current assets 15,321 16,439<br />
Current assets<br />
Receivables from subsidiaries 16,284 14,837<br />
Other short-term receivables 17 13<br />
Prepaid expenses and accrued income 27 31<br />
Cash and cash equivalents 24 1 0<br />
Total current assets 16,329 14,881<br />
TOTAL ASSETS 31,650 31,320<br />
Assets pledged None None<br />
EQUITY AND LIABILITIES<br />
Equity 26<br />
Restricted equity<br />
Share capital 27 366 366<br />
Statutory reserve 8,905 8,905<br />
Fair value reserve 43 142<br />
Unrestricted equity<br />
Retained earnings 4,033 3,186<br />
Net income 894 2,154<br />
Total equity 14,241 14,753<br />
Provisions<br />
Other provisions 30 – 91<br />
Total provisions – 91<br />
Non-current liabilities<br />
Long-term loans 25 1,500 1,500<br />
Convertible debenture loans 25 1,252 2,245<br />
Long-term loans to subsidiaries 2,259 2,374<br />
Other long-term liabilities 205 335<br />
Total non-current liabilities 5,216 6,454<br />
Current liabilities<br />
Short-term loans 25 536 622<br />
Accounts payable 32 28<br />
Short-term liabilities to subsidiaries 11,501 9,260<br />
Current tax liabilities 3 1<br />
Other short-term liabilities 6 7<br />
Accrued expenses and prepaid income 32 115 104<br />
Total current liabilities 12,193 10,022<br />
TOTAL EQUITY AND LIABILITIES 31,650 31,320<br />
Contingent liabilities 33 9,911 9,930
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