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note 34. related party transactions
The related parties of the Group consist of the Parent Company Ratos AB and the
Group’s key management personnel and their families. Key management personnel
relates to members of the executive management team.
Ratos owns 70% of the Parent Company’s shares and has control over the
Group. Ratos is the Parent Company of the largest and smallest groups that Bisnode
Business Information Group AB is part of and where the consolidated accounts
are prepared.
Any transactions between related parties are carried out on an arm’s length basis.
Transactions with the Parent Company
Loans to Ratos
Group
2010 2009
Beginning of year 0 2,792
Borrowings 11,788
Repayments -11,788 -2,792
End of year 0 0
Group
Borrowings from Ratos 2010 2009
Beginning of year 796,320 742,598
Repayments -5,265
Interest expense capitalised 63,706 58,987
End of year 860,026 796,320
The year-end borrowings from Ratos pertain to shareholder loans from the
Parent Company Ratos. The loans mature on 31 January 2013 and carry interest
of 8%. The interest is capitalised until maturity.
Transactions with key management personnel
During 2010 and 2009 the Parent Company did not grant any loans to Board
members, key management personnel or their families. Renumeration to key
management personnel is specified in Note 10.
note 35. contingent liabilities and pledged assets
Group Parent Company
Contingent liabilities 31/12/2010 31/12/2009 31/12/2010 31/12/2009
Guarantee commitment FPG/PRI 917 768
Guarantee to previous owners 61,665 86,902
Other guarantees 16,690 19,277 2,237,126 2,625,416
Total 79,272 106,947 2,237,126 2,625,416
Pledged assets for own liabilities and provisions
Shares 1,107,539 1,298,012 1,107,539 1,298,012
Other pledged assets 916 2,120
Total 1,108,455 1,300,132 1,107,539 1,298,012
Other pledged assets None None None None
Guarantee to previous owners pertains to guarantees pledged to Dun & Bradstreet
International to complete financing required for the Dun & Bradstreet Group
companies in Sweden, Norway, Denmark, Finland, Germany, Switzerland,
the Czech Republic, Austria, Hungary and Poland.
note 36. share capital
The share capital of the Parent Company amounts to SEK 482,355,912, divided
between 66,328,528 A shares and 54,260,450 B shares with a quota value of 4
each.
There are no outstanding options or convertible bonds that could lead to future
dilution.
note 37. earnings per share
Basic earnings per share are calculated by dividing profit attributable to owners of
the Parent Company by the number of shares outstanding for the period. There
are no option or convertible bond programmes outstanding that could cause
future dilution.
2010 2009
Profit attributable to owners of the Parent Company 180,567 50,551
Number of shares outstanding (thousands) 120,589 120,589
Earnings per share before and after dilution (SEK per share) 1.50 0.42