- Annual report 2008/2009
-
Annual report 2009
- 2009 in brief
- President’s comments
- Hemtex share
- Presentation of business 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 and impairment 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 assets/derivative liabilities
- 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
- Proposed distribution of earnings
- Audit report
- Nine-year summary
- Board of Directors
- Corporate Governance
- Management
- Hemtex stores
- Information about the AGM
- Annual reports archive
- Annual Report 2010
- Annual Reports archive
Note 21 - Derivative assets/derivative liabilities
Derivative assets/derivative liabilities consist of forward contracts relating to USD. On the closing date, the value of outstanding forward contracts amounted to a gain of SEK 1,299,000 (expense: 2,337,000). The value of all outstanding forward contracts in 2009 had a positive impact of SEK 3,636,000 on operating profit due to rising USD exchange rates, compared with 2008/2009 when operating profit was positively impacted by SEK 1,116,000. The impact on earnings of the change in value of outstanding forward contracts is recognized under the item "Goods for resale" since the hedging measures pertain to the purchase of goods.
The fair value of the forward contracts is determined by utilizing the market prices of the forward contracts on the closing date.
Due to the relationship between reporting and taxation, the regulations on financial instruments in IAS 39 were not applied to the Parent Company as a legal entity. Instead, these regulations will be applied to only the consolidated accounts in the future.
The value of outstanding forward contracts on December 31 is recognized under the heading "Other receivables."