I.A. Hedin Bil - Annual Report 2018 1
December 31, 2017 Assets Disposable financial ass
ets Long-term securities Receivables from Group companies Accounts receivables and other receivables Cash and cash equivalents Total assets December 31, 2017 Liabilities in the balance sheet Loans Loans from Group companies Accounts payable Liabilities to Group companies Accrued expenses Total Liabilities The fair value of the liabilities corresponds to the carrying value, as the discount effect is insignificant. All liabilities are at a variable interest rate. NOTE 28 RELATED TRANSACTIONS The Group purchase and sell to companies in the Anders Hedin Invest AB Group. Tires and rims are purchased from KW Wheels AB, Dawa Däck AB and Pro-imp AB at a value of kSEK 135,430 (kSEK 124,308). Spare parts and cars of kSEK 108,482 (kSEK 7,846) are purchased from Klintberg & Way Parts AB. From Klintberg & Way Cars AB and Klintberg & Way Automotive AB cars are purchased at a value of kSEK 433,875 (kSEK 42,253). Cars of kSEK 283,388 (0) are sold to Mabi Sverige AB and rental services of kSEK 17,118 (14,119) are purchased. Of the Group’s total purchases and sales measured in kSEK, 4 percent (< 1 percent) of the purchases and < 1 percent (< 1) of the sales are attributable to sales companies in the Anders Hedin Invest AB Group. Anders Hedin Invest provides internal services such as management, finance, procurement, IT services, etc. During the year Anders Hedin Invest AB has sold services to the group at a total of kSEK 10,440 (0). The total receivables from Group companies and liabilities to Group companies are reported in the consolidated balance sheet. The parent company Anders Hedin Invest AB has submitted a loan of kSEK 350,000. The loan runs without interest and is subordinated to other liabilities. The loan will be repaid at 12/31/2022. The company has an obligation to pay leasing fees for a lease agreement entered into by Anders Hedin Invest AB, provided Anders Hedin Invest AB does not fulfil its obligations. The lease payments amount to MSEK 88 on a straight-line basis over four and a half years. In 2016, the affiliate company I.A. Hedin Fastighet AB with associated subsidiaries was divested to Fastighets AB Balder. The properties are rented by I.A. Hedin Bil Group for a period of 12 years. Erik Selin has been a board member of I.A. Hedin Bil AB since March 2017. The transaction was not classified as related transactions at the time of sale. NOTE 29 EVENTS AFTER THE END OF THE FINANCIAL YEAR On February 18th, a body and paint shop was acquired, close to one of the existing Hedin Automotive dealership in Antwerp in Belgium. 7,291 7,291 734 590,907 53,759 645,400 Other financial liabilities 2,091,012 350,000 1,136,415 30,469 11,585 3,619,481 Loans and receivables Total 7,291 734 590,907 53,759 652,691 Total 2,091,012 350,000 1,136,415 30,469 11,585 3,619,481 76 I.A. HEDIN BIL AB / ANNUAL REPORT / 2018