ANNUAL REPORT 2017 Director-General's Statement
ANNUAL REPORT 2017 LFV is with you on the travel
ANNUAL REPORT 2017 This is LFV
ANNUAL REPORT 2017 The Year in Brief
ANNUAL REPORT 2017 Operating Environment and Marke
t
ANNUAL REPORT 2017 Strategy and Objectives
ANNUAL REPORT 2017 Customer Focus
ANNUAL REPORT 2017 Environment
ANNUAL REPORT 2017 Aviation Safety
ANNUAL REPORT 2017 Innovation
ANNUAL REPORT 2017 Cooperation and Partnerships
ANNUAL REPORT 2017 Employees
ANNUAL REPORT 2017 Board of Director's Report
ANNUAL REPORT 2017 Income Statement, Comments on t
he Income Statement
ANNUAL REPORT 2017 Balance Sheet
ANNUAL REPORT 2017 Comments on the balance sheet a
nd funds statements
ANNUAL REPORT 2017 Financing
ANNUAL REPORT 2017 Accounting and Valuation Princi
ples
ANNUAL REPORT 2017 Notes
NOTES Note 15: Other long-term receivables GROUP
At the beginning of the year Additional items Settlement Eurocontrol Total 2017 937 347 -104 1,180 2016 825 176 -64 937 Note 19: Pension provisions STATE-OWNED ENTERPRISE 2017 934 347 -104 1,177 Note 16: Prepaid costs and accrued revenue GROUP Other prepaid costs Accrued revenue, other Total 2017 39 174 213 2016 38 176 214 2016 822 176 -64 934 2017 At the beginning of the year Pension provisions for the year Pension payments for the year Indexation and interest Change due to altered calculation basis Total STATE-OWNED ENTERPRISE 2017 39 172 211 Note 17: Long-term and short-term investments GROUP 2017 Short-term Commercial paper Bonds Total Long-term Corporate bonds Total 801 – 801 2016 100 62 162 2017 801 – 801 2016 38 161 199 5,803 423 -85 8 390 GROUP 2016 5,192 391 -78 -45 343 STATE-OWNED ENTERPRISE 2017 5,803 423 -85 8 390 6,539* 5,803* 6,539* 2016 5,192 391 -78 -45 343 5,803* * In the annual report for the State other actuarial grounds for calculating the pension liability are used. This entails that LFV’s pension liability in the annual report for the state in 2017 amounted to SEK 4,968 million (4,496) (of which SEK 970 million (878) was special employer’s contribution). Note 20: Other provisions STATE-OWNED ENTERPRISE 2016 100 62 162 Note 21: Liabilities to leasing companies GROUP Leasing companies – – – – – – Note 18: Restricted reserves and unrestricted equity GROUP Restricted reserves Sum at the beginning of the year according to the adopted balance sheet Dividend Changes attributable to the group’s associated companies Transfer between unrestricted and restricted equity Profit/loss for the year Sum at the beginning of the year 272 – – -10 – 262 Unrestricted equity 379 -1 – 10 -61 327 Restricted reserves 252 – – – – 252 – – Note 22: Other non-interest-bearing liabilities GROUP STATE-OWNED ENTERPRISE Unrestricted equity 349 -1 – – -37 311 Note 23: Accrued costs and deferred revenue GROUP Salaries and remuneration Holiday pay liability Social security contributions Other accrued costs Deferred grants Deferred revenue Total 2017 5 64 27 42 59 10 207 Note 24: Contingent liabilities 2017 Security for the pension commitments of LFV Airport Center AB Security for subsidiary (LFV Aviation Consulting AB) Total 3 – 3 GROUP 2016 2 – 2 STATE-OWNED ENTERPRISE 2017 3 15 18 * LFV may sign guarantees for credits up to 100 MSEK (100) in favour of LFV Holding AB, regarding financial commitments in the company group. 54 LFV ANNUAL REPORT 2017 2016 2 15 17 2016 5 62 46 45 – 1 160 STATE-OWNED ENTERPRISE 2017 5 64 27 41 59 10 206 2016 5 62 46 45 – 1 159 Security funds Reorganisation fund Liability to Eurocontrol Total 2017 26 5 239 270 2016 28 0 245 273 STATE-OWNED ENTERPRISE 2017 26 5 239 270 2016 28 0 245 273 2017 4 2016 4 Restructuring costs Other provisions Total 2017 10 30 40 GROUP 2016 17 29 46 STATE-OWNED ENTERPRISE 2017 10 30 40 2016 17 29 46 STATE-OWNED ENTERPRISE 2017 4 2016 4
ANNUAL REPORT 2017 Investments
ANNUAL REPORT 2017 Reporting in Accordance with Pe
rformance Plan
ANNUAL REPORT 2017 Reporting in Accordance with Ap
propriation Directions
ANNUAL REPORT 2017 Risk Management
ANNUAL REPORT 2017 Dividend Proposal
ANNUAL REPORT 2017 Audit Report
ANNUAL REPORT 2017 Board of Directors
ANNUAL REPORT 2017 Group Management
ANNUAL REPORT 2017 Five Years at a Glance
ANNUAL REPORT 2017 Abbreviations and Explanations