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54
note 27. other provisions
Group
2010 2009
Contingent purchase consideration 35,330 142,118
Legal claims 23,808 4,058
Restoration charges 5,155 6,076
Restructuring 6,222 2,963
Sales agents 11,469 14,442
Other 12,073 20,125
Total 94,057 189,782
of which non-current portion 54,164 188,544
of which current portion 39,893 1,238
Group
2010 2009
Beginning of year 189,782 191,243
Acquisition of subsidiaries 2,588 8,119
New provisions for the period 27,583 648
Utilised during the period -14,548 -14,403
Provisions for contingent purchase consideration 2,253 8,925
Contingent purchase consideration paid -108,301 -9,220
Unused/reversed contingent purchase
consideration
Capitalised interest on contingent
-4,348
purchase consideration 3,607 6,344
Exchange differences -4,559 -1,874
End of year 94,057 189,782
Contingent purchase consideration
The provision mainly pertains to contingent purchase consideration for the acquisition
of Svenska Nyhetsbrev AB. The amount will be used during 2011.
Legal claims
Provisions for legal claims pertain to potential claims from information suppliers
and ongoing tax disputes.
Restoration charges
Pertains to provisions for future restoration expenses for rented premises.
Restructuring
Pertains to provisions for vacant premises and future payments to redundant
personnel.
Sales agents
The provisons pertain to future costs related to the retirement or termination of
collaboration with German sales agents.
note 28. Trade and other payables
Group
31/12/2010 31/12/2009
Trade payables 195,853 212,821
Advances from customers 40,874 62,090
Holiday pay liabilities 104,206 115,426
Social security and other taxes 40,194 33,319
Accrued interest expenses 189 284
Other accrued expenses 279,198 327,364
Deferred income 658,644 664,971
Other liabilities - non interest-bearing 132,335 151,789
Total 1,451,493 1,568,064
of which non-current portion 2,234
of which current portion 1,451,493 1,565,830
The fair value of trade and other payables equals their carrying amounts.
note 29. Derivative financial instruments
Group
31/12/2010 31/12/2009
Interest rate swaps – cash flow hedges -74,481 -135,581
Total -74,481 -135,581
Type of contract
Contract term
beginning on ending on
Amount Currency
Interest
rate
Interest rate swap 31/01/2008 31/01/2013 1,398,250 SEK K 4.51%
Interest rate swap 31/01/2008 31/01/2013 53,550 EUR K 4.42%
The cash flow hedges are determined to be 85% effective. The current Interest
rate swap agreements had a negative value of SEK 23,851 thousand on the contractual
date. The ineffective portion has been recognised in the income statement
on a straight-line basis. During the year, SEK 4,770 thousand has been recognised
as financial income in the income statement.
The fair value of the interest rate swaps which have been calculated using valuation
techniques are found in level 2.