New Wave Group AB Annual_report_2018_EN_HQ | Page 99

NWG // FINANCIAL INFORMATION //
THE GROUP
Transactions related to persons included
in management
Ulrica Messing is CEO in one of the Group
companies. A company owned by her has purchased
goods, amounting to SEK 0.1 million (SEK 0.2
million), from companies within New Wave Group.
Her company has also paid rent for premises,
amounting to SEK 0.1 million (SEK 0.1 million),
to New Wave Group companies. Her company has
sold goods to companies within New Wave Group for
SEK 0.1 (0.1) million and compensation for consul-
tancy services rendered amounts of SEK 0.6
million (SEK 0.6 million). During the previous year,
Göran Härstedt carried out consultancy services
amounting to SEK 0.6 million, which was invoiced
through a company owned by him. No such services
have been carried out during 2018. All transactions
are carried out under market conditions.
Note 19 - Prepaid expenses
and accrued income
2018
13.7
13.7
8.4
8.0
7.2
5.4
4.7
4.7
4.6
4.4
3.3
3.2
1.6
1.4
0.9
0.1
85.3
SEK million
Rent expenses
Marketing expenses
Other accrued income
Trade fair costs
IT expenses
Other prepaid costs
License fees
Catalogue costs
Royalty income
Operational costs
Samples
Insurance costs
Leasing fees
Goods deliveries
Wage costs
Bank charges
Total
2017
13.6
5.4
2.5
7.2
8.3
13.3
0.2
4.4
5.2
3.5
2.4
3.6
1.5
4.5
0.9
0.0
76.5
Note 20 - Net debt
Net debt
SEK million
Liquid assets
Long-term interest-bearing liabilities
Short-term interest-bearing liabilities
Total
Change in interest-bearing liabilities
2018 2017
-312.2 -202.4
1 795.5 1 757.5
347.7 82.2
1 831.0 1 637.3
2.4% 3.1%
SEK million
Liability at the beginning of the year
Currency effect
Borrowing
Borrowing through business combinations
Amortization
Effective interest rate
Liability at year-end
2018
1 839.7
101.5
2017
1 967.8
-111.4
152.1 0.0
50.0 0.0
0.0 -16.7
2 143.2 1 839.7
ANNUAL REPORT // 099