76
NOTE 24 – ASSETS PLEDGED
Group Parent
2017 2016 2017 2016
Collateral for provisions and liabilities
Property mortgages 529 525 - -
Other assets 390 334 - -
Total 919 859 - -
NOTE 25 – CONTINGENT LIABILITIES
Group Parent
2017 2016 2017 2016
Other contingent liabilities 1,795 1,547 1,795 1,547
Total 1,795 1,547 1,795 1,547
Contingent liabilities refer primarily to counter-guarantees issued for Group companies’ commitments to financial institutions to
cover local borrowings.
Over and above the contingent liabilities stated above, guarantees for the completion of various contractual undertakings are
sometimes involved as part of the Group’s normal business activities. There was no indication at year-end that any contractual
guarantees provided will require any payment to be made.
NOTE 26 – RELATED-PARTY TRANSACTIONS
For the Parent, SEK 97 million (95), i.e. 100 percent (100) of sales were to Group companies. The Parent’s purchasing from
Group companies is related to administrative services of limited scope. All transactions were carried out on commercial terms.
As at December 31, 2017, the Parent had intragroup receivables of SEK 109 million (135) and intragroup liabilities of SEK 28
million (20).
Transactions with key management personnel
Besides those transactions stated in Note 8 Remuneration of the Board of Directors and Senior Executives and in the description
of the Board of Directors on pages 32–33, no transactions with related physical persons have taken place.
NOTE 27 – SEGMENT REPORTING
The Group’s operations are organizationally divided into business segments based on product. The marketing organization also
reflects this structure.
All transactions between business segments are recognized at market value. Assets and liabilities not attributed to a segment
include tax assets and tax liabilities, financial investments and financial liabilities, as well as cash and cash equivalents and
interest-bearing receivables.
The external sales are based on where our customers are located. The carrying amounts of assets and the direct investment
in plant for the period are determined by the location of the assets. The Group has applied hedge accounting based on fair-value
hedging.
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Reporting by primary segments/business areas
2017
Food
Ingredients
Chocolate &
Confectionery
Fats
Technical
Products &
Feed
Group
Functions Eliminations Group
Net sales
External sales 17,665 7,354 1,417 - - 26,436
Internal sales 2,246 3,916 29 - -6,191 -
Group total 19,911 11,270 1,446 - -6,191 26,436