Notes on the income statement and balance sheet
All amounts in SEK thousands.
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Recoveries with agreed due dates up to and including the closing date are stated as income for the year. As of the closing date, recovered claims of SEK 20,279 thousand had been received, and were still to be allocated. Of this total, some 80%, or SEK 16,223 thousand was stated as income without specific allocation. The remaining 20% has been stated as a liability to guarantee-holders. In the previous year, a sum of SEK 48,624 thousand was stated without specific allocation. The net difference between the amounts without specific allocation in 2008 and 2007 (SEK -32,401 thousand) is included in the result for the year. |
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Taxable Board fees of SEK 68,500 were paid to the departing Chairman of the Board Lennart Nilsson for the period up to and including July. SEK 55,000 was paid to the new Chairman Dag Klackenberg. SEK 109,500 was paid to the first deputy chairman Göran Johnsson and SEK 92,500 to the second deputy chairman Ulla Holm. Board fees of SEK 38,000 were paid to departing Board member Kristina Alsér for the period up to and including July. Wilhelm Alstermark received SEK 96,460 and Anna-Karin Jatko 76,000. Yvonne Gustafsson, Andreas Skinnars and Teppo Tauriainen each received SEK 55,000. Director General Karin Apelman received remuneration of SEK 1,199,513. No remuneration was made for her Board work. No other benefits or future commitments have been agreed for EKN’s Board and Director General. EKN’s Board members held the following positions and directorships with other government agencies and companies: Dag Klackenberg, Member of the Board of Atrium Ljungberg AB. |
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Pension funds amounting to SEK 23,053 thousand have been funded with the Swedish National Debt Office for future pension payments and corresponded to pension provisions. Pension provisions refer to previous employees who as of 31 Dec 2003 received a retirement pension. |
The breakdown of EKN’s other long-term holdings of securities was as follows:
At 31 December 2008, EKN’s Other long-term holdings of securities consisted of SEK fixed-interest investments with the Swedish National Debt Office (RGK) totalling SEK 9,500,000 thousand, with a fixed duration of up to five years, USD bonds equivalent to SEK 1,472,200 thousand, issued by Swedish and European banks and Swedish state-owned companies, with a duration of up to five years, and EUR bonds equivalent to SEK 1,000,271 thousand, issued by Swedish and European commercial banks and Swedish state-owned companies, with a duration of up to five years. |
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EKN’s cash & cash equivalents and securities by currency:
At 31 December 2008, EKN’s cash & cash equivalents consisted of SEK bank deposits of SEK 4,225,337 thousand. SEK 4 193 380 thousand of this figure was deposited in interest-bearing accounts at the Swedish National Debt Office (RGK), and SEK 31,957 thousand was deposited with Swedish commercial banks. Foreign currency bank deposits amounted to the equivalent of SEK 45,748 thousand. Foreign-currency fixed-rate investments consisted of currency deposits with Swedish commercial banks amounting to the equivalent of SEK 355,564 thousand. |
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EKN’s loan limit for fixed assets equalled SEK 6,500 thousand at 31 Dec 2008
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