Consolidated balance sheet
SEKm | Note | January 1, 20121) | December 31, 20121) | December 31, 2013 |
---|---|---|---|---|
ASSETS |
|
|
|
|
Non-current assets |
|
|
|
|
Property, plant and equipment | 12 | 15,613 | 16,693 | 17,264 |
Goodwill | 13 | 6,008 | 5,541 | 4,875 |
Other intangible assets | 13 | 5,146 | 5,079 | 4,011 |
Investments in associates | 29 | 18 | 16 | 221 |
Deferred tax assets | 10 | 3,669 | 4,156 | 4,385 |
Financial assets | 18 | 306 | 333 | 279 |
Pension plan assets | 22 | 371 | 286 | 445 |
Other non-current assets | 14 | 1,212 | 481 | 752 |
Total non-current assets |
|
32,343 | 32,585 | 32,232 |
Current assets |
|
|
|
|
Inventories | 15 | 11,957 | 12,963 | 12,154 |
Trade receivables | 17, 18 | 19,226 | 18,288 | 19,441 |
Tax assets |
|
666 | 609 | 746 |
Derivatives | 18 | 252 | 184 | 268 |
Other current assets | 16 | 3,662 | 3,607 | 4,405 |
Short-term investments | 18 | 337 | 123 | 148 |
Cash and cash equivalents | 18 | 6,966 | 6,835 | 6,607 |
Total current assets |
|
43,066 | 42,609 | 43,769 |
Total assets |
|
75,409 | 75,194 | 76,001 |
EQUITY AND LIABILITIES |
|
|
|
|
Equity attributable to equity holders of the Parent Company |
|
|
|
|
Share capital | 20 | 1,545 | 1,545 | 1,545 |
Other paid-in capital | 20 | 2,905 | 2,905 | 2,905 |
Other reserves | 20 | 324 | -1,146 | -2,658 |
Retained earnings | 20 | 12,763 | 12,381 | 12,482 |
|
|
17,537 | 15,685 | 14,274 |
Non-controlling interests |
|
109 | 41 | 34 |
Total equity |
|
17,646 | 15,726 | 14,308 |
Non-current liabilities |
|
|
|
|
Long-term borrowings | 18 | 9,639 | 10,005 | 11,935 |
Deferred tax liabilities | 10 | 1,076 | 1,117 | 1,026 |
Provisions for post-employment benefits | 22 | 3,992 | 4,765 | 3,425 |
Other provisions | 23 | 5,300 | 4,551 | 4,522 |
Total non-current liabilities |
|
20,007 | 20,438 | 20,908 |
Current liabilities |
|
|
|
|
Accounts payable | 18 | 18,490 | 20,590 | 20,607 |
Tax liabilities |
|
1,717 | 1,287 | 1,331 |
Other liabilities | 24 | 10,690 | 11,971 | 12,886 |
Short-term borrowings | 18 | 4,170 | 2,795 | 2,733 |
Derivatives | 18 | 324 | 241 | 194 |
Other provisions | 23 | 2,365 | 2,146 | 3,034 |
Total current liabilities |
|
37,756 | 39,030 | 40,785 |
Total liabilities |
|
57,763 | 59,468 | 61,693 |
Total equity and liabilities |
|
75,409 | 75,194 | 76,001 |
Pledged assets | 19 | 94 | 78 | 69 |
Contingent liabilities | 25 | 1,276 | 1,610 | 1,458 |
CEO Statement
![](../../styles/images/elux-ceo-small.jpg)
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
![](../../styles/images/elux-ceo-small.jpg)
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
![](../../styles/images/our-products.png)
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
![](../../styles/images/awards-puff.png)
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.