Anders Hedin Invest Årsredovisning 1
NOTE 22 PREPAYMENTS AND ACCRUED INCOME Accumulate
d bonus Pre-paid rent Accrued non-billed revenue Other items 12/31/2017 209,226 106,464 151,958 162,511 630,159 NOTE 23 CASH AND CASH EQUIVALENTS Cash and bank balances 12/31/2017 540,258 540,258 NOTE 24 EQUITY Specification of reserves Opening balance January 1, 2016 Change in revaluation reserve for the year, net after tax Change in translation reserve for the year, net after tax Closing balance December 31, 2016 Change in revaluation reserve for the year, net after tax Change in translation reserve for the year, net after tax Closing balance December 31, 2017 Fair value reserve The market value of long-term securities holdings has decreased during the year. However, no impairment requirements have arisen since the decline in market value cannot be said to be material or for long-term in accordance with the applied accounting principles. Changes in the value of the shares have been reported in other comprehensive income. Translation reserve The reserve comprises the revaluation of buildings and land. The revalued amount consists of the real value of the property at the revaluation date. After depreciation, the revaluation reserve is redeemed with the same amount as the depreciation of the excess over the period. Depreciation is made on the revalued amount, whereby a transfer is made from the revaluation reserve to the balance sheet. The properties were sold in 2016 and the revaluation reserve was dissolved. 12/31/2016 35,865 35,865 12/31/2016 139,350 71,005 0 51,327 261,682 Fair value reserve 0 -197,942 0 -197,942 194,677 0 -3,265 Translation reserve Exchange rate differences that are attributable to translation of the Group's foreign subsidiary companies’ functional currencies into Swedish kronor are accrued in the translation reserve. In the event of the disposal of a foreign operation, the accumulated revalued currency effect is reported under Provisions in the Income Statement and is included in profit or loss when sold. Holdings with non-controlling interests The Group owns 91% in I.A. Hedin Bil AB. Below is the summarized financial information for I.A. Hedin Bil AB. The information relates to amounts before intra-group eliminations. 0 Translation reserve 156,350 -156,350 0 0 Translation reserve Total -381 0 869 488 0 -22,193 -21,705 155,969 -354,292 869 -197,454 194,677 -22,193 -24,970 94 ANDERS HEDIN INVEST AB / ANNUAL REPORT / 2017