I.A. Årsredovisning 2020 ENG 1
December 31, 2019 Assets Valued at fair value Mea
sured at amortized cost Long-term securities Receivables from Group companies Accounts receivables and other receivables Cash and cash equivalents Total assets 2,275 2,275 12,188 970,145 157,329 1,139,662 Total 2,275 12,188 970,145 157,329 1,141,937 December 31, 2019 Measured at amortized cost Liabilities in the balance sheet Borrowings Loans from Group companies Accounts payable Liabilities to Group companies Accrued expenses Total liabilities 4,375,195 350,000 1,713,413 270,556 44,527 6,753,691 Total 4,375,195 350,000 1,713,413 270,556 44,527 6,753,691 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 29 RELATED TRANSACTIONS The Group purchase and sell to companies in the Hedin Group. Tires and rims are purchased from KW Wheels AB, Dawa Däck AB, Inter Wheel Sweden AB, Pro-Imp AB and KW Däckdepå AB at a value of kSEK 135,494 (kSEK 143,338). Spare parts and cars of kSEK 115,849 (kSEK 21,103) 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 22,002 (kSEK 100,856). Cars of kSEK 334,678 (kSEK 283,264) are sold to Mabi Sverige AB and rental services of kSEK 24,898 (kSEK 25,865) are purchased. The Group also purchase construction services from the Tuve Bygg Group with a total of kSEK 13,791 (kSEK 25,865) and sell services to Unifleet AB and Car to Go Sweden AB of kSEK 2,051 (kSEK 24). The parent company, Hedin Group AB, provides internal services such as controlling and management, finance, procurement, IT etc. During the year 2020, Hedin Group AB has sold services to the Group at a total of kSEK 31,810 (kSEK 20,295). Of the Group’s total purchases and sales measured in kSEK, 2% (2%) of the purchases and 1% (1%) of the sales are attributable to sales companies in the Hedin Group. The total receivables from Group companies and liabilities to Group companies are reported in the consolidated balance sheet. The parent company Hedin Group 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 Hedin Group AB, in the event that Hedin Group AB does not fulfil its obligations. The lease payments amount to MSEK 43 on a straight-line basis over 2.5 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 30 EVENTS AFTER THE END OF THE FINANCIAL YEAR Modins Bil AB was acquired on February 5. The company is a Ford dealer in Uppsala. Regarding the Group's impact in connection with the outbreak of Covid-19, we refer to the section “Expected future development” in the Board of Directors' report. 72 I.A. HEDIN BIL AB / ANNUAL REPORT / 2020