I.A. Årsredovisning 2020 ENG 1
The table below analyses the Group’s financial ob
ligations distributed over the period remaining as at the year-end through to the agreed expiry date. The amounts in the table are agreed non-discounted cash flows, including future interest payments. Maturity of liabilities - Group Bond loans < 1 year 54,750 Liabilities to Group companies Liabilities to credit institutions Overdraft facilities Leasing liability Accounts payable Other liabilities Accrued expenses Total Maturity of liabilities - Parent Company Bond loans Liabilities to Group companies Liabilities to credit institutions Overdraft facilities Accounts payable Total 246,869 325,799 522,426 507,161 1,509,774 765,169 62,405 3,994,352 < 1 year 54,750 180,854 105,446 522,426 5,363 868,839 1-2 years 1,541,063 0 18,282 0 514,768 0 797,224 0 2,871,337 1-2 years 1,541,063 0 0 0 0 1,541,063 > 2 years 0 350,000 163,588 0 4,077,153 0 499,500 0 5,090,241 > 2 years 0 350,000 0 0 0 350,000 NOTE 3 ESTIMATES AND ASSESSMENTS Estimates and assessments are valued continuously. These are based on historical experience and other factors, including expectations of future events, that under current conditions may be assumed to occur. The Group makes estimates and assumptions about the future. The resulting estimates for accounting purposes will, by definition, seldom match the actual results. The estimates and assumptions that carry a significant risk of essential adjustments in reported values for assets and liabilities during the following financial year that are mentioned below. Impairment testing of goodwill The Group examines the existence of any impairment for goodwill, in accordance with the Group's accounting principles. The recoverable amounts of cash-generating units have been established by calculating the value in use. By necessity, these calculations include certain estimates (Note 13). Repurchase agreements In some car sales, the Group may occasionally commit to repurchase agreements, which entail a commitment to repurchase a sold vehicle at a pre-agreed residual value. This occurs primarily in conjunction with private leasing transactions. The leases are reported as operational leases in accordance with the Group's accounting principles. The agreements entail a residual value risk in that the Group may be forced to sell pre-owned vehicles at a loss in the future, if the value then is weaker than predicted at the time the agreement was concluded. Ongoing assessments of these vehicles' future net realizable value are made along with randomized check of the resale value of the returned cars. The cars are reported as vehicles under Tangible assets and repurchase agreements are reported under Other liabilities. Contract liabilities are in the form of cars sold with repurchase agreements, see note 22. Inventories Valuation of vehicles is made at the lower of acquisition cost and net realizable value. Net realizable value is established based on an estimated realizable value reduced by sales costs. Net realizable value was lower than acquisition cost by kSEK 35,965 (kSEK 26,345). 60 I.A. HEDIN BIL AB / ANNUAL REPORT / 2020