Note 11 Other comprehensive income
|
Group | |
---|---|---|
|
20121) | 2013 |
Items that will not be reclassified to income for the period |
|
|
Remeasurement of provisions for post-employment benefits |
|
|
Opening balance, January 1 | 0 | -866 |
Gain/loss taken to other comprehensive income | -917 | 1,851 |
Income tax relating to items that will not be reclassified | 51 | -636 |
Closing balance, December 31 | -866 | 349 |
Items that may be reclassified subsequently to income for the period |
|
|
Available-for-sale instruments |
|
|
Opening balance, January 1 | 23 | 46 |
Gain/loss taken to other comprehensive income | 23 | -69 |
Transferred to profit and loss on sale | — | — |
Closing balance, December 31 | 46 | -23 |
Cash flow hedges |
|
|
Opening balance, January 1 | -36 | -2 |
Gain/loss taken to other comprehensive income | -2 | 39 |
Transferred to profit and loss on sale | 36 | 2 |
Closing balance, December 31 | -2 | 39 |
Exchange differences on translation of foreign operations |
|
|
Opening balance, January 1 | 476 | -1,056 |
Net investment hedge | — | — |
Translation differences | -1,532 | -1,518 |
Closing balance, December 31 | -1,056 | -2,574 |
Income tax relating to items that may be reclassified | -2 | 29 |
Other comprehensive income, net of tax | -2,343 | -302 |
Income taxes related to items of other comprehensive income were SEK -636m (51) for remeasurement of provisions for post-employment benefits, SEK 29m (-2) for financial instruments for cash flow hedging and SEK 0m (0) for financial instruments for hedging of translation of foreign operations.
StopSearchHereCEO Statement
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In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
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I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
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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
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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%.