Notes

Note 1 Sales by organizational unit 1)

 2002
SEK M 		2001
SEK M 		2000
SEK M 
Scandinavia1,970 1,914 1,889 
Finland1,150 1,165 1,060 
Central Europe2)1,600 1,432 1,027 
South Europe3)3,723 2,905 2,232 
United Kingdom1,259 1,281 665 
North America10,465 9,682 5,409 
South Pacific1,138 841 772 
New Markets4)1,952 2,029 981 
Hospitality992 1,056 1,052 
Identification1,283 1,100 - 
Door Automatics1,015 - - 
Elimination for internal sales-1,150 -894 -693 
Total25,397 22,510 14,394 

1) Including exports from each market
2) Germany, The Netherlands, Switzerland and Austria
3) France, Belgium, Italy and Spain
4) Africa, Asia, Israel, South America and eastern Europe
 
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Note 2 Salaries and wages, other remunerations and social costs
Salaries and wages other remuneration (of which bonus to managing directors)

Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Sweden338.0 (4.6) 262.9 (2.7) 233.5 (2.2) 
Finland272.5 ( - ) 266.5 ( - ) 249.8 (0.8) 
Norway270.1 (1.2) 236.7 (0.8) 225.2 (0.4) 
Denmark114.7 (1.0) 112.1 (0.7) 89.3 (0.3) 
Germany426.5 (1.2) 371.3 ( - ) 319.4 (0.4) 
United Kingdom484.3 (0.6) 481.9 (0.7) 192.6 (1.7) 
Belgium46.5 (0.3) 37.4 (0.5) 30.7 (0.2) 
France564.4 (2.3) 525.9 (2.5) 460.5 (2.0) 
The Netherlands103.1 (0.5) 72.8 (0.3) 30.8 (0.3) 
Czech Republic43.3 ( - ) 37.4 (0.1) 29.9 (0.1) 
Canada97.7 (0.3) 80.7 (0.5) 32.6 (0.5) 
Australia216.5 (0.7) 204.7 (0.4) 190.0 (0.1) 
New Zealand98.2 ( - ) 20.7 ( - ) 7.3 ( - ) 
USA2,574.6 (18.8) 2,426.8 (14.1) 1,197.1 (8.8) 
China75.4 (0.2) 77.0 (1.1) 40.6 (0.1) 
Romania13.6 ( - ) 11.7 ( - ) 8.7 ( - ) 
Israel69.0 (0.8) 74.8 ( - ) 44.5 ( - ) 
Italy100.1 (0.1) 86.6 (0.1) 35.5 (0.2) 
South Africa54.4 (0.7) 40.2 ( - ) 7.8 ( - ) 
Mexico267.8 (0.9) 109.8 (0.2) 25.8 (0.3) 
Spain257.4 ( - ) 57.4 (0.2) - ( - ) 
South America32.4 ( - ) 33.6 (0.2) - ( - ) 
Other180.7 (0.5) 112.0 (0.5) 88.0 (2.1) 
Total6,701.2 (34.7) 5,740.9 (25.6) 3,539.6 (20.5) 
Parent company      
Sweden44.7 (4.3) 38.0 (5.5) 29.7 (1.2) 
Social costs      
(of which pensions)      
Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Total2,048.6 (400.5) 1,720.7 (325.9) 1,077.8 (209.9) 
Parent company      
Sweden30.5 (17.0) 19.1 (6.4) 12.2 (2.4) 

Remunerations and other benefits to senior executives.
SEK MSalary/
Remuneration 		Bonus
costs 		Pension
benefits 		Other
security 		Social
costs 		Total 
The Chairman of the Board0.5 - - - - 0.5 
OtherBoardmembers1.4 - - - 0.5 1.9 
President6.6 4.3 4.1 0.1 4.6 19.7 
Other senior            
executives38.7 23.8 11.1 5.7 7.0 86.3 
Total47.2 28.1 15.2 5.8 12.1 108.4 

See Group management for senior executives' share and convertible security holdings.

Senior executive remuneration
The Chairman of the Board and the Board members receive remunerations that are set by the Board within the framework set by the Annual General Meeting. This in total is SEK 1,875,000 (1,875,000). The employee representatives do not receive Board member remuneration.

The remuneration paid to the President and other senior executives consists of a basic salary, a bonus, other benefits and a pension. The bonus is based on income for the responsibility area concerned compared with the previous year. Group Management comprises 16 senior executives and the President (See Group management).

The Chairman of the Board and the other Board members have no pension benefits. Pensions are arranged for the President and others in Group Management through participation in the ITP plan or equivalent. In addition, the President and specific other senior executives have the right to retire at the earliest on reaching the age of 60. The pension is based on the retiree‘s salary on retiring and is 70 percent of this salary between the ages of 60 and 65 and 50 percent of this salary after the age of 65 and for the remainder of his/her life.

The Chairman of the Board and the other Board members have no severance pay agreements. The President has a severance payment agreement providing up to 100 percent of his salary for 24 months. The payment is only made where the company terminates the contract. Others in Group Management receive a severance payment of 100 percent of their salary for a maximum of 12 months.
 
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Note 3 Auditor’s fees

 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 		Parent
Company
2001
SEK M 
Audit          
PricewaterhouseCoopers24.9 20.1 13.7 2.2 2.3 
Others5.6 5.0 2.6 - - 
Other assignments          
PricewaterhouseCoopers11.4 4.8 10.6 4.0 2.6 
Others6.2 4.0 3.7 1.1 - 
Total48.1 33.9 30.6 7.3 4.9 

 
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Note 4 Depreciation and amortization

 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 		Parent
Company
2001
SEK M 
Goodwill957.1 860.4 387.0 - - 
Intangible rights30.4 31.8 28.5 0.1 - 
Machinery530.5 491.4 359.1 - - 
Equipment254.5 216.6 146.4 2.7 4.1 
Buildings133.6 119.8 64.2 - - 
Land and land          
improvements1.0 1.1 - - - 
Total1,907.1 1,721.1 985.2 2.8 4.1 

 
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Note 5 Operational leasing agreements

 Group
2002
SEK M 		Parent Company
2002
SEK M 
Leasing fees paid in the year182.8 6.5 
Nominal value of agreed future leasing fees    
Due in 2003172.3 7.0 
Due in 2004136.1 7.0 
Due in 200599.8 6.7 
Due in 200672.4 6.7 
Due in 200747.5 6.5 
Due in 2008 or later80.8 6.5 
Total608.9 40.4 

 
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Note 6 Income from participations in Group companies

Parent company2002
SEK M 		2002
SEK M 
Dividends279.8 479.3 
Liquidation loss-78.9 -322.6 
Income from disposal of shares in subsidiaries94.9 192.1 
Total295.8 348.8 

 
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Note 7 Non-recurring items

Group2002 SEK M 2001 SEK M 2000 SEK M 
Estimated damages,Merrimac- 166.0 - 
Total- 166.0 - 

 
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Note 8 Financial items

 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 		Parent
Company
2001
SEK M 
Dividends0.1 0.1 - - - 
Interest income and          
similar income items210.9 78.8 29.9 11.7 49.1 
Interest income from          
Group companies- - - 535.0 617.8 
Exchange rate differences18.5 31.1 -14.3 -12.1 55.3 
Interest expenses and          
similar expense items-860.6 -774.4 -346.2 -583.8 -507.0 
Interest expenses from          
Group companies- - - -643.3 -637.8 
Total-631.1 -664.4 -330.6 -692.5 -422.6 

 
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Note 9 Tax

 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 		Parent
Company
2001
SEK M 
Tax paid-546.8 -401.3 -426.4 - - 
Tax attributable to prior years-6.8 19.4 15.7 -1.6 0.0 
Deferred tax-86.3 -83.6 -33.1 - - 
Total-639.9 -465.5 -443.8 -1.6 0.0 

Explanation for the difference between nominal Swedish tax rates and effective tax rates according to the income statement:
Group    
Percent2002 2001 
Swedish income tax rate28.0 28.0 
Effect of foreign tax rate-6.6 -10.7 
Non-deductible goodwillamortization 11.7 18.2 
Other non-income-related taxes2.4 2.9 
Other-1.3 -4.0 
Tax rate according to the income statement34.2 34.4 

Deferred tax liabilities and deferred tax receivables are distributed according to the table below:
Deferred tax liabilities SEK M2002 2001 
Fixed assets227.7 314.2 
Inventory75.1 36.2 
Short-term receivables    
and liabilities7.4 7.9 
 310.2 358.3 
Deferred tax receivables SEK M2002 2001 
Fixed assets85.4 4.4 
Inventory82.2 6.0 
Short-term receivables    
and liabilities77.2 164.7 
Provisions111.6 142.4 
Tax-deductible losses129.3 60.8 
 485.7 378.3 

 
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Note 10 Goodwill

Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Opening acquisition value18,513.2 13,252.8 3,943.9 
Purchases/acquisitions2,629.3 4,263.6 8,948.0 
Reclassifications166.8 10.9 - 
Translation differences-2,365.9 985.9 360.9 
Closing accumulated acquisition value18,943.4 18,513.2 13,252.8 
Opening amortization-2,142.2 -1,174.9 -698.1 
Reclassifications0.5 - - 
Write-downs-2.2 - - 
Amortization for the year-957.1 -860.4 -387.0 
Translation differences371.1 -106.9 -89.8 
Closing accumulated amortization-2,729.9 -2,142.2 -1,174.9 
Closing net book value16,213.5 16,371.0 12,077.9 

 
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Note 11 Intangible rights

 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 
Opening acquisition value408.7 360.8 294.2 - 
Purchases/acquisitions45.9 29.2 57.5 1.0 
Sales/disposals-2.4 -4.5 -10.6 - 
Reclassifications0.3 -8.2 - - 
Translation differences-45.7 31.4 19.7 - 
Closing accumulated acquisition value406.8 408.7 360.8 1.0 
Opening amortization-221.9 -179.7 -151.9 - 
Sales/disposals2.3 3.1 9.5 - 
Reclassifications-0.1 4.1 - - 
Write-downs-2.7 - - - 
Amortization for the year-30.4 -31.8 -28.5 -0.1 
Translation differences18.3 -17.6 -8.8 - 
Closing accumulated amortization-234.5 -221.9 -179.7 -0.1 
Closing net book value172.3 186.8 181.1 0.9 

 
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Note 12 Tangible fixed assets

– buildings
Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Opening acquisition value3,041.3 2,269.8 1,629.3 
Purchases/acquisitions179.1 633.8 582.8 
Sales/disposals-18.0 -15.5 -17.3 
Reclassifications88.0 -19.2 - 
Translation differences-278.9 172.4 75.0 
Closing accumulated acquisition value3,011.5 3,041.3 2,269.8 
Opening depreciation-813.1 -651.5 -551.6 
Sales/disposals4.5 1.7 7.9 
Reclassifications-20.2 7.5 - 
Write-downs-16.1 - - 
Depreciation for the year-133.6 -119.8 -64.2 
Translation differences117.8 -51.0 -43.6 
Closing accumulated depreciation-860.7 -813.1 -651.5 
Closing net book value2,150.8 2,228.2 1,618.3 

The taxable value of the group‘s Swedish buildings was SEK 53.0 M.

– machinery
Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Opening acquisition value5,967.2 4,521.0 3,316.3 
Purchases/acquisitions528.5 1,373.8 1,065.0 
Sales/disposals-68.8 -338.3 -68.3 
Reclassifications-185.4 27.8 - 
Translation differences-920.7 382.9 208.0 
Closing accumulated acquisition value5,320.8 5,967.2 4,521.0 
Opening depreciation-3,057.5 -2,606.7 -2,228.0 
Sales/disposals58.3 280.9 59.6 
Reclassifications60.1 -4.5 - 
Write-downs-1.5 - - 
Depreciation for the year-530.5 -491.4 -359.1 
Translation differences567.5 -235.8 -79.2 
Closing accumulated depreciation-2,903.6 -3,057.5 -2,606.7 
Closing net book value2,417.2 2,909.7 1,914.3 

– land and land improvements
Group2002
SEK M 		2001
SEK M 		2000
SEK M 
Opening acquisition value707.3 532.9 357.9 
Purchases/acquisitions10.0 147.6 163.3 
Sales/disposals-1.3 -3.4 - 
Reclassifications28.3 -1.4 - 
Translation differences-63.3 31.6 11.7 
Closing accumulated
acquisition value		681.0 707.3 532.9 
Opening depreciation-8.5 -7.0 -1.9 
Sales/disposals- - -4.7 
Reclassifications0.3 - - 
Depreciation for the year-1.0 -1.1 -0.3 
Translation differences0.9 -0.4 -0.1 
Closing accumulated depreciation-8.3 -8.5 -7.0 
Closing net book value672.7 698.8 525.9 

The taxable value of the group‘s Swedish land was SEK 11.9 M.

– equipment
 Group
2002
SEK M 		Group
2001
SEK M 		Group
2000
SEK M 		Parent
Company
2002
SEK M 		Parent
Company
2001
SEK M 
Opening acquisition value1,527.0 1,109.6 883.5 25.7 24.0 
Purchases/acquisitions266.9 416.8 393.3 3.3 5.8 
Sales/disposals-121.7 -114.8 -209.1 -15.3 -4.1 
Reclassifications-6.7 5.8 - - - 
Translation differences-198.4 109.6 41.9 - - 
Closing accumulated
acquisition value		1,467.1 1,527.0 1,109.6 13.7 25.7 
Opening depreciation-782.8 -594.3 -586.6 -12.7 -10.6 
Sales/disposals99.4 97.3 163.9 6.9 2.0 
Reclassifications14.5 -3.7 - -   
Write-downs-2.1 - - - - 
Depreciation for the year-254.5 -216.6 -146.4 -2.7 -4.1 
Translation differences138.6 -65.5 -25.2 -   
Closing accumulated
depreciation		-786.9 -782.8 -594.3 -8.5 -12.7 
Closing net book value680.2 744.2 515.3 5.2 13.0 

 
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Note 13 Shares in subsidiaries

Parent
company		Enterprise
number,
Registered
Office 		Number of
shares 		Share
capital,% 		Book
value,
SEK M 
ASSA ABLOY Sverige AB556061-8455 Eskilstuna 70 100 14.0 
Timelox AB556214-7735 Landskrona 15,000 100 40.0 
AA Besam AB556204-8511 Landskrona 1,000 100 0.2 
ASSA ABLOY OY1094741-7 Joensuu 800,000 100 631.1 
ASSA ABLOY Norge a.s.979207476 Moss 150,000 100 538.5 
ASSA ABLOY Danmark A/SCVR 10050316 Herlev 60,500 100 376.4 
ASSA ABLOY Deutschland GmbHHR B 66227 Berlin 2 100 700.8 
ASSA ABLOY France SAS412140907 R.C.S.Versailles 12,499,999 100 1,582.4 
ASSA ABLOY Ltd2096505 Willenhall 1,330,000 100 975.8 
Yale Security Products SpA79370 Aprilia,Latina 240,000 100 597.5 
Mul-T-Lock Ltd520036583 Yavne 15,393,225 100 1,078.5 
ASSA ABLOY Holdings (SA) Ltd1948/030356/06 Johannesburg 100,220 100 184.4 
ASSA ABLOY Inc39347-83 Salem,Oregon 100 100 2,318.8 
Abloy Holdings Ltd1148165260 St Laurent 1 100 12.6 
ASSA ABLOY Australia Pacific Pty LtdACN 095354582 Oakleigh,Victoria 48,190,000 100 241.9 
ASSA ABLOY South Asia Pte Ltd199804395K Singapore 100,000 100 28.4 
Effeff International Security Systems Co.3172 Tianjin 1 100 0.0 
Yale Security Mexico,S.A de C.V.YSM9612049Y4 Mexico D.F. 231,299,904 100 224.6 
Grupo Industrial Phillips,S.A de C.V.GIP980312169 Mexico 27,036,635 100 861.8 
Lips Technology BV33274584 Amsterdam 400 100 0.2 
ASSA ABLOY Innovation AB556192-3201 Eskilstuna 2,500 100 1.0 
ASSA ABLOY Hospitality AB556180-7156 Stockholm 1,000 100 0.4 
ASSA ABLOY Treasury S.A.CH-660-2045998-0 Geneva 205,500,000 100 11,353.5 
ASSA ABLOY Reinsurance S.A.CH-660-1690000-9 Geneva 300,000 100 17.3 
Whaig LtdEC21330 Bermuda 100,100 100 423.1 
Codas Electrónica S.A.8805 Buenos Aires 120 1 0.1 
ASSA ABLOY Asia Pacific Ltd53451 Hong Kong 1,000,000 100 72.2 
Total      22,275.5 

 
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Note 14 Shares in associated companies

GroupEnterprise
number,
Registered
Office 		Number of
shares 		Share
capital,% 		Book
value,
SEK M 
Talleres Agui S.A.A20065744 Astigarraga 4,802 40 16.9 
Låsgruppen Wilhelm Nielsen AS934372816 Bergen 305 50 15.8 
MAB Glass Europe NVHR M71690 Mechelen 145 50 2.6 
Cerraduras de Colombia Cerracol S.A00008028 Bogota 182,682 29 2.3 
Renato Fattorini SRL8727 Pavia - 25 1.2 
Others      2.6 
Total      41.4 

 
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Note 15 Inventory

Group31 Dec. 2002
SEK M 		31 Dec. 2001
SEK M 		31 Dec. 2000
SEK M 
Materials and inventory items1,030.8 1,027.2 650.2 
Work in progress1,151.7 1,209.2 1,125.9 
Finished goods1,390.5 1,554.8 1,012.3 
Paid in advance22.0 20.8 20.0 
Total3,595.0 3,812.0 2,808.4 

 
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Note 16 Shareholders’ equity

Group
31 Dec. 2002, SEK M		Share
capital 		Restricted
reserves 		Unrestricted
reserves 		Total 
Opening balance,
1 January 2002		353.8 9,291.2 2,200.6 11,845.6 
Converted shares2.1 125.1 - 127.2 
Re-purchase of own
convertible securities		- - -108.3 -108.3 
New share issues*10.0 1,233.7 - 1,243.7 
Dividend- - -353.8 -353.8 
Transfers between unrestricted
and restricted reserves		- -307.1 307.1 0.0 
Exchange difference for the year- - -1,643.1 -1,643.1 
Net income- - 1,269.9 1,269.9 
Closing balance,
31 December 2002		365.9 10,342.9 1,672.4 12,381.2 

* New share issue liquidity is reduced by SEK 16.3 M for new issue costs after tax.

Parent
Company
31 Dec. 2002, SEK M		Share
capital 		Premium
Reserve 		Restricted
reserves 		Unrestricted
reserves 		Total 
Opening balance,
1 January 2002		353.8 6,884.5 645.4 3,856.7 11,740.4 
Converted shares2.1 125.1 - - 127.2 
Re-purchase of own
convertible securities		- - - -108.3 -108.3 
New share issues10.0 1,250.0 - - 1,260.0 
Dividends- - - -353.8 -353.8 
Net income- - - -26.4 -26.4 
Closing balance,
31 December 2002		365.9 8,259.6 645.4 3,368.2 12,639.1 
Total number of shares
at 31 December 2002		Voting
rights 		Number
of shares 		      
Series A shares191,753,230 19,175,323       
Series B shares346,742,711 346,742,711       
Total538,495,941 365,918,034       

 
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Note 17 Long-term liabilities falling due for payment later than five years after the financial year

Group
SEK M		31 Dec. 2002 31 Dec. 2001 31 Dec. 2000 
Liabilities to credit institutions49.9 59.2 18.8 
Other liabilities1.0 0.9 0.9 
Total50.9 60.1 19.7 

 
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Note 18 Corporate credit line

Check credits for the group were SEK 928.0 M (621.2) of which SEK 116.6 M (215.3) were utilized.

 
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Note 19 Convertible debenture loans

SEK M31 Dec. 2002 31 Dec. 2001 31 Dec. 2000 
 915.7 1,104.9 250.0 

Convertible debenture loan 97/02 had a variable interest rate equivalent to the 12-month STIBOR less 0.25 percent. The loan period was from 8 December 1997 to 2 December 2002. The convertible debenture loan 97/02 could be converted to Series B shares between 1 December 2000 and 15 November 2002. After conversion at a conversion rate of SEK 58.70 there were 3,464,799 new shares added.

INCENTIVE 2001 has a variable interest rate equivalent to 0.9* EURIBOR + 54 basis points. Convertible debenture loans within INCENTIVE 2001 can be converted from October 2006. Full conversion at a conversion rate of EUR 15.80 for Bond 1, of EUR 19.00 for Bond 2, of EUR 22.10 for Bond 3 and of EUR 25.30 for Bond 4 will add 5,017,432 shares. The program has a total value of EUR 100 M.

 
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Note 20 Accrued expenses and prepaid income

SEK MGroup
31 Dec. 2002 		Group
31 Dec. 2001 		Group
31 Dec. 2000 		Parent
Company
31 Dec. 2002 		Parent
Company
31 Dec. 2001 
Accured expenses,personnel801.2 581.3 493.6 21.2 18.1 
Interest expenses66.2 83.3 167.0 28.5 49.0 
Other1,133.3 1,196.7 1,118.4 5.2 55.7 
Total2,000.7 1,861.3 1,779.0 54.9 122.8 

 
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Note 21 Assets pledged

Group
SEK M		31 Dec. 2002 31 Dec. 2001 31 Dec. 2000 
Relating to long-term liabilities
to credit institutions:		      
Real estate mortgages48.4 48.3 2.0 
Chattel mortgages0.3 0.3 1.8 
Total48.7 48.6 3.8 

 
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Note 22 Contingent liabilities

SEK MGroup
31 Dec.
2002 		Group
31 Dec.
2001 		Group
31 Dec.
2000 		Parent
Company
31 Dec.
2002 		Parent
Company
31 Dec.
2001 
Guarantees122.9 89.8 88.6 103.0 64.0 
Guarantees on the behalf of subsidiaries321.3 257.9 374.3 7,110.1 5 ,153.2 
Other2.0 2.2 - - - 
Total446.2 349.9 462.9 7,213.1 5,217.2 

 
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Note 23 Average number of employees per country, by gender

GroupWomen
2002 		Women
2001 		Women
2000 		Men
2002 		Men
2001 		Men
2000 		Total
2002 		Total
2001 		Total
2000 
USA2,040 1,955 1,331 4,505 4,078 2,784 6,545 6,033 4,115 
Mexico2,215 739 121 1,398 604 143 3,613 1,343 264 
France953 912 893 1,467 1,409 1,415 2,420 2,321 2,308 
China1,132 1,469 557 1,029 1,203 416 2,161 2,672 973 
United Kingdom854 908 404 935 975 452 1,789 1,883 856 
Germany470 443 424 747 632 604 1,217 1,075 1,028 
Finland435 439 435 706 695 673 1,141 1,134 1,108 
Sweden444 457 409 669 630 570 1,113 1,087 979 
Australia419 420 392 574 575 567 993 995 959 
Spain290 83 66 654 145 99 944 228 165 
South Africa391 229 47 470 290 63 861 519 110 
Czech Republic450 430 442 347 345 354 797 775 796 
Norway230 263 298 491 536 602 721 799 900 
Romania304 364 404 379 360 362 683 724 766 
Italy266 238 86 303 260 103 569 498 189 
South America138 96 25 392 219 71 530 315 96 
New Zealand144 41 10 369 62 35 513 103 45 
Israel73 80 78 278 270 185 351 350 263 
The Netherlands83 75 35 236 179 83 319 254 118 
Canada60 51 32 255 175 62 315 226 94 
Denmark140 132 132 167 158 159 307 290 291 
Belgium61 50 56 97 80 77 158 130 133 
Other254 143 118 440 314 207 694 457 325 
Total11,846 10,017 6,795 16,908 14,194 10,086 28,754 24,211 16,881 
Parent Company                  
Sweden19 17 14 18 17 17 37 34 31 

 
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Note 24 Cash and cash equivalents

SEK MGroup
2002 		Group
2001 		Group
2000 		Parent
Company
2002 		Parent
Company
2001 
Cash and bank balances1,081.9 892.7 732.1 198.2 51.1 
Short-term investments326.1 525.7 747.4 1.8 7.9 
Cash and cash equivalents1,408.0 1,418.4 1,479.5 200.0 59.0 

Short-term investments in the consolidated balance sheet at year end were SEK 410.0 M (800.0), of which SEK 83.9 M (274.3) were non-realizable receivables with a term to maturity of more than three months and investments in securities.These items are not classified as cash and cash equivalents and are not included in the above table.

Short-term investments in the Parent Company were SEK 1.8 M (160.6 ).

 
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Note 25 Cash flow

Group
Adjustments for non-cash items		2002
SEK M 		2001
SEK M 		2000
SEK M 
Sale of fixed assets- - -2.0 
Change in provisions for pension-5.7 43.0 0.4 
Adjustment for non-cash items-5.7 43.0 -1.6 
Paid and received interest2002
SEK M 		2001
SEK M 		2000
SEK M 
Paid interest-796.6 -883.2 -387.3 
Received interest216.0 65.8 30.4 
Paid and received interest-580.6 -817.4 -356.9 
Change in working capital2002
SEK M 		2001
SEK M 		2000
SEK M 
Inventory increase/decrease (-/+)169.0 170.2 -41.0 
Accounts receivable increase/decrease (-/+)197.0 310.4 14.1 
Other receivables increase/decrease (-/+)121.9 -30.9 -56.3 
Trade and other payables increase/decrease (+/-)-83.0 -526.8 -11.1 
Change in working capital404.9 -77.1 -94.3 
Purchases of tangible fixed assets2002
SEK M 		2001
SEK M 		2000
SEK M 
Purchases of tangible fixed assets-1,069.8 -986.1 -604.3 
Sale of tangible fixed assets230.9 156.2 107.4 
Purchases of tangible fixed assets-838.9 -829.9 -496.9 
Investments in subsidiaries2002
SEK M 		2001
SEK M 		2000
SEK M 
Acquired capital employed3,427.7 6,874.7 12,172.6 
- whereof goodwill2,629.3 4,263.6 8,414.1 
Acquired minority share holdings- 446.5 - 
Less acquired net debt-92.3 -82.2 -1,142.7 
Less minority interests acquired- -259.4 -249.3 
Total purchase price3,335.4 6,979.6 10,780.6 
Less acquired cash-139.7 -50.7 -2 328.9 
Less purchase price not yet paid- -163.0 -107.8 
Less paid with own shares- - -2,865.9 
Less reclassification from shares in associated companies- -53.5 -114.0 
Less reclassification from other shares- - -330.4 
Less purchase price received for sold companies- - -396.0 
Less/Additional paid parts of purchase price relating to previous years229.6 -425.5 34.8 
Investments in subsidiaries3,425.3 6,286.9 4,672.4 
Investments in associated companies2002
SEK M 		2001
SEK M 		2000
SEK M 
Investments in associated companies9.3 - - 
Investments in associated companies9.3 - - 
Other investments2002
SEK M 		2001
SEK M 		2000
SEK M 
Investment and sale of other financial assets5.5 4.6 -19.9 
Other investments5.5 4.6 -19.9 
Cash and cash equivalents2002
SEK M 		2001
SEK M 		2000
SEK M 
Cash and cash equivalents at 1 January1,418.4 1,479.5 196.2 
Cash flow146.3 -221.6 1,218.9 
Effect of exchange rate differences-156.7 160.5 64.4 
Cash and cash equivalents at 31 December (Note 24)1,408.0 1,418.4 1,479.5 

 
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