New Wave Group AB Annual_report_2018_EN_HQ | Page 100

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 21 - Net assets in
foreign currencies
The table shows currency exposed equity distributed by each
currency before Group adjustments.
SEK million
Net assets 2018 2017
Euro, EUR 848.3 742.7
Canadian dollar, CAD 175.3 116.2
Swiss franc, CHF 151.8 96.4
1 364.0 621.2
Norwegian krone, NOK 63.6 45.6
Danish krone, DKK 64.9 84.9
Chinese yuan, CNY 43.5 54.4
Polish zloty, PLN 25.3 22.1
Hong Kong dollar, HKD 67.6 26.0
US dollar, USD
British pound, GBP
Total net assets in foreign currencies
54.3 56.7
2 858.5 1 866.2
Note 22 - Credit limit
Interest-bearing liabilities consist of loans and bank over-
draft facilities. Amount granted in relation to these liabilities
amountsto SEK 2,765 million (SEK 2,539 million).
Security for the main financing agreement is made up of
floating charges, property mortgages, and net assets in Group
companies. Trademarks have been specifically pledged and are
included in the net assets of the Group companies. Parts of the
Group’s stock and accounts receivable constitute security for
Group companies’ local funding. See further Note 17, section
Liquidity risk, for maturity analysis and information regarding
the conditions for the Group’s financing.
Note 24 - Other provisions
SEK million
Other provisions
Other provisions at the
beginning of the year
Reveresed during the year
Provisions during the year
Translation difference
Other provisions at year-end
2018
2017
2.0 6.0
0.0
1.0
0.1
3.1 -3.6
0.0
-0.4
2.0
2018 2017
82.3 62.3
16.2 14.6
10.5 4.6
0.9 0.7
5.2 5.1
Note 25 - Other current
liabilities
Note 23 - Pledged assets
SEK million
Floating charges
Property mortgages
Net assets in Group companies
Stock and accounts receivable
Total
2018
537.5
171.8
3 158.1
521.0
4 388.5
2017
543.5
183.2
2 152.0
465.9
3 344.7
The Group's pledged assets consists of collateral for the
Group's interest-bearing liabilities to credit institutions which
amounted to SEK 2,143.2 million (SEK 1,839.7 million) at year
end.
100 // ANNUAL REPORT
SEK million
VAT
Personal income tax
Advances from customers
Other wage deductions
Social security contributions
Liabilities to employees
Liabilities to customers
Currency futures
Earn out
Purchase price not paid
Giftcards not redeemed
Other items
Total
11.6 7.1
4.5 0.6
0.1 0.0
1.1 1.3
14.0 -
1.4 0.9
24.3 11.5
172.3 108.7