- Annual report 2007/2008
-
Annual report 2008/2009
- 2008/2009 In brief
- President’s comments
- Hemtex share
- Presentation of operations
- Board of Directors’ report
- Income statements
- Balance sheets
- Changes in consolidated shareholders’ equity
- Changes in Parent Company shareholders’ equity
- Cash-flow statements
-
Notes
- Note 1 - Accounting principles
- Note 2 - Segment reporting
- Note 3 - Other operating income
- Note 4 - Employees and personnel costs
- Note 5 - Fees to auditors
- Note 6 - Depreciation/amortization of tangible and intangible fixed assets
- Note 7 - Exchange-rate differences that affected profits
- Note 8 - Net financial items
- Note 9 - Appropriations
- Note 10 - Taxes
- Note 11 - Earnings per share
- Note 12 - Intangible fixed assets
- Note 13 - Tangible fixed assets
- Note 14 - Financial fixed assets
- Note 15 - Deferred tax assets/deferred tax liabilities
- Note 16 - Prepaid expenses and accrued income
- Note 17 - Shareholders’ equity
- Note 18 - Untaxed reserves
- Note 19 - Liabilities to credit institutions
- Note 20 - Overdraft facilities
- Note 21 - Derivative held for hedging
- Note 22 - Accrued expenses and deferred income
- Note 23 - Pledged assets
- Note 24 - Contingent liabilities
- Note 25 - Leasing fees relating to operational leasing
- Note 26 - Adjustments for non-cash flow items
- Note 27 - Transactions not entailing payment
- Note 28 - Paid interest
- Note 29 - Acquisition of subsidiaries/operations
- Note 30 - Financial risks and risk policies
- Note 31 - Transactions with related parties
- Note 32 - Events after the closing date
- Note 33 - Important estimates and assessments
- Note 34 - Proposed dividend to shareholders
- Note 35 - Information about the Parent Company
- Note 36 - Definitions of key data
- Nine-year summary
- Proposed distribution of earnings
- Audit report
- Board of Directors
- Corporate Governance
- Management
- Hemtex stores
- Information about the AGM
- Annual reports archive
- Annual report 2009
- Annual Report 2010
- Annual Reports archive
Note 12 - Intangible fixed assets
| Capitalized expenditure for software | Group | Parent Company | ||||
| 2007 | 2008 | 2009 | 2007 | 2008 | 2009 | |
| Opening cost | 4,007 | 7,560 | 14,672 | 4,007 | 7,560 | 14,672 |
| Capitalized expense for the year | 3,553 | 7,112 | 9,995 | 3,553 | 7,112 | 9,995 |
| Closing accumulated costs | 7,560 | 14,672 | 24,667 | 7,560 | 14,672 | 24,667 |
| Opening amortization according to plan | – 3,318 | – 3,850 | – 5,440 | – 3,318 | – 3,850 | – 5,440 |
| Amortization for the year | – 532 | – 1,590 | – 3,496 | – 532 | – 1,590 | – 3,496 |
| Closing accumulated amortization according to plan | – 3,850 | – 5,440 | – 8,937 | – 3,850 | – 5,440 | – 8,937 |
| Carrying amount | 3,710 | 9,232 | 15,730 | 3,710 | 9,232 | 15,730 |
| Renting rights | Group | Parent Company | ||||
| 2007 | 2008 | 2009 | 2007 | 2008 | 2009 | |
| Opening cost | 36,874 | 60,338 | 62,814 | 24,281 | 42,641 | 59,841 |
| Transferred through merger | — | — | — | 10,000 | 14,200 | — |
| Acquisitions for the year | 23,500 | 3,000 | — | 8,360 | 3,000 | — |
| Divestments and disposals | — | – 596 | — | — | — | — |
| Translation differences for the year | – 36 | 72 | 420 | — | — | — |
| Closing accumulated cost | 60,338 | 62,814 | 63,234 | 42,641 | 59,841 | 59,841 |
| Opening amortization according to plan | – 9,982 | – 14,998 | – 21,094 | – 8,225 | – 13,163 | – 19,800 |
| Transferred through merger | — | — | — | – 1,668 | – 3,288 | — |
| Divestments and disposals | — | 164 | — | — | — | — |
| Amortization for the year | – 5,028 | – 6,238 | – 6,233 | – 3,271 | – 3,349 | – 5,901 |
| Translation differences for the year | 12 | – 22 | – 199 | — | — | — |
| Closing accumulated amortization according to plan | – 14,998 | – 21,094 | – 27,526 | – 13,164 | – 19,800 | – 25,701 |
| Carrying amount | 45,340 | 41,720 | 35,708 | 29,477 | 40,041 | 34,140 |
| Goodwill | Group | Parent Company | ||||
| 2007 | 2008 | 2009 | 2007 | 2008 | 2009 | |
| Opening cost | 118,041 | 284,958 | 282,777 | 62,861 | 116,433 | 264,344 |
| Transferred through merger | — | — | — | 34,080 | 147,711 | — |
| Acquisitions for the year | 167,205 | 200 | 6,500 | 19,492 | 200 | 6,500 |
| Divestments and disposals | — | – 2,824 | — | — | — | — |
| Translation differences for the year | – 288 | 443 | 2,596 | — | — | — |
| Closing accumulated cost | 284,958 | 282,777 | 291,873 | 116,433 | 264,344 | 270,844 |
| Opening amortization according to plan | – 5,148 | – 5,034 | – 2,344 | – 10,377 | – 17,548 | – 34,650 |
| Transferred through merger | — | — | — | — | – 13,952 | — |
| Divestments and disposals | — | 2,824 | — | — | — | — |
| Amortization for the year | — | — | — | – 7,171 | – 3,150 | – 13,515 |
| Translation differences for the year | 114 | – 134 | – 1,121 | — | — | — |
| Closing accumulated amortization according to plan | – 5,034 | – 2,344 | – 3,465 | – 17,548 | – 34,650 | – 48,165 |
| Opening impairments | – 626 | – 626 | – 1,195 | –626 | – 626 | – 626 |
| Impairments for the year | — | – 569 | – 4,000 | — | — | — |
| Closing accumulated impairments | – 626 | – 1,195 | – 5,195 | – 626 | – 626 | – 626 |
| Carrying amount | 279,298 | 279,238 | 283,213 | 98,259 | 229,068 | 222,053 |
Hemtex has restated all company acquisitions from May 1, 2002 and forward according to IFRS 1, which means that goodwill amortization prior to this date was not reversed in the consolidated accounts. No amortization of goodwill takes place in the Group, and in the Parent Company, goodwill is amortized over 20 years. In the Parent Company, goodwill arises in conjunction with mergers of subsidiaries and in conjunction with acquisitions of assets and liabilities. For information about impairment testing regarding goodwill, refer to Note 6.