AI Annual Report 2019 1
TABLE OF CONTENTS I.A. HEDIN BIL AB IN WORDS AND
PICTURES The CEO has the word ..................................................................................................5 2019 in brief .................................................................................................................7 I.A. Hedin Bil AB .................................................................................................. 9 Organization I.A. Hedin Bil AB .................................................................................10 Dealerships and Brand managers ............................................................................12 Automotive industry ............................................................................................14 Hedin Bil in Sweden ............................................................................................17 Hedin Belgien Bil AB ..................................................................................................21 Hedin Automotive AS ..................................................................................................25 Bavaria Norge ................................................................................................. 27 Bavaria Sverige ............................................................................................... 29 GS Bildeler AS ............................................................................................................31 Hedin Performance Cars ............................................................................................33 Construction projects I.A Hedin Bil AB ................................................................ 36 Mile stone and history .................................................................................................38 I.A. HEDIN BIL AB IN FIGURES Five years summary ................................................................................................42 Director's report ..........................................................................................................45 Income Statement - Group ..........................................................................................48 Balance Sheet - Group ............................................................................................49 Cash flow Statement - Group ................................................................................52 Notes ..........................................................................................................................53 Income Statement - Parent Company ......................................................................72 Balance Sheet - Parent Company ...............................................................................73 Cash flow Statement - Parent Company ......................................................................75 Notes ..........................................................................................................................76 Auditor's report ...........................................................................................................81 I.A. HEDIN BIL AB / ANNUAL REPORT / 2019 3