NOTE 17 CREDIT LIMIT
NOTE 18 ACCRUED EXPENSES AND PREPAID INCOME
NOTE 19 PLEDGED ASSETS AND TIME OF MATURITY FOR LIABILITIES
NOTE 20 CONTINGENT LIABILITIES
FINANCIAL INFORMATION
THE PARENT COMPANY
NOTE 17 CREDIT LIMIT
Amount granted in relation to loans and bank overdraft facilities amount to SEK 2 289 million ( SEK 2 371 million ).
The company ' s overdraft facilities with the bank are defined as long-term . The company ' s total credit credit facility as of 31 December 2017 amounted to SEK 2,289 ( 2,371 ) million of which SEK 2,000 million runs until 10 February 2019 and USD 35 million has a term that extends to 10 February 2024 . Work on a new financial agreement is being finalised and is expected to be completed in the beginning of the second quarter of 2018 .
NOTE 18 ACCRUED EXPENSES AND PREPAID INCOME
SEK million |
2017 |
2016 |
Accrued salaries |
0.2 |
0.0 |
Holiday pay liability |
2.6 |
2.2 |
Social security charges |
0.5 |
0.4 |
Special employer ' s contribution |
1.1 |
1.0 |
Fee Board members |
0.1 |
0.3 |
Audit |
0.2 |
0.0 |
Interest |
1.0 |
1.0 |
Advertisement |
0.7 |
1.2 |
IT-costs |
0.0 |
0.6 |
Other items |
0.0 |
0.7 |
Total |
6.4 |
7.4 |
NOTE 19 PLEDGED ASSETS AND TIME OF MATURITY FOR LIABILITIES
Pledged assets in relation to debts to credit institutions and overdraft facilities
SEK million |
2017 |
2016 |
Company mortages |
30.0 |
30.0 |
Shares in subsidiary |
1 152.3 |
1 183.8 |
Shares in associciated companies |
8.3 |
8.3 |
Total |
1 190.6 |
1 222.1 |
The parent company ' s pledged assets at year end amounted to SEK 1 190.6 million ( SEK 1 221.1 million ) and wholly consists of collateral for the the company ' s interest bearing liabilities to credit institutions which amounted to SEK1 567.8 million ( SEK 1 730.5 million ) at year end . See further note 17 , section Liquidity risk , for information regarding the conditions for the Group ' s financing which also applies to the parent company . See below for the maturity analysis of the parent company ' s interest bearing liabilities .
Maturity analysis of the parent company ' s loans |
2017 |
2016 |
2017 |
– |
131.9 |
2018 |
103.0 |
113 . 7 |
2019 |
1 400.0 |
1 404.4 |
2020 |
53.2 |
58.7 |
2021 |
51.5 |
56.9 |
2022 |
49.9 |
55.1 |
2023 |
48.3 |
53.4 |
2024 |
12.0 |
13.4 |
The above table displays the contractual and undiscounted interest payments and amortization of interest bearing liabilities . Any planned future liabilities have not been included . Interest payements related to financial instruments with floating rate has been calculated based on the interest rate at year end .
NOTE 20 CONTINGENT LIABILITIES
SEK million |
2017 |
2016 |
Guarantees for subsidiaries |
671,5 |
471,2 |
NWG 2017 | 107