Note P4 R eceivables and liabilities of group companies
Not P7 Related parties Related parties are owners, senior executives of the Group and their related parties, as well as all parent/subsidiary/associate companies and joint ventures within the Group and companies controlled by related parties. Goods and services are bought and sold to related parties on normal commercial terms on a commercial basis. Within the Group, goods and services are priced in accordance with established internal pricing policies based on the arm's length principle. There are short-term and long-term deposits and borrowings between the Parent Company and the subsidiaries. Since 2020, the Group’s CEO is employed by the Parent Company, whereby invoicing to subsidiaries takes place for company management services. The subsidiaries invoice the Parent Company for costs that pertain to the Parent Company Board or CEO. Of reported net sales, SEK 9.2 (5.6) million relates to internal invoicing to Hemnet AB. Of other external costs, SEK 11.3 (7.1) million relates to internal invoicing from Hemnet AB. Received group contribution of SEK 435.0 (286.2) million is provided by Hemnet Holding AB. Note P8 Events after the reporting period On 27 January 2023 the Board decided to update Hemnets profitability target from the current medium-term adjusted EBITDA margin target of 45-50 percent to a long-term adjusted EBITDA margin target of over 55 percent.
31/12/2022 31/12/2021
Long-term receivables Hemnet Holding AB
497.9 497.9
513.4 513.4
G1 G2 G3 G4 G5 G6 G7 G8 G9
Current receivables Hemnet AB
1.7 1.7
0.7 0.7
Current liabilities HN Area AB
387.9 387.9
387.9 387.9
Note P5 Equity The share capital consists of 101,131,478 (100,719,421) shares with a quotient value of SEK 0.766 (0.051). See also information in the Group's note G20.
G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28
Note P6 Liabilities to credit institutions
On 31 January, 2023, Hemnet’s previous majority shareholder, General Atlantic, divested its shares in Hemnet.
31/12/2022 31/12/2021
Long-term liabilities Liabilities to credit institutions Effective interest rate/settlement fee/renegotiation result
Hemnet continued the share repurchase program in 2023 and repurchased an additional 487,745 shares for a total of SEK 76 million during the period from 1 January, 2023 to 15 March, 2023. Note P9 Appropriation of earnings The following earnings are available to the Annual General Meeting: Share premium reserve 867,582,266
330.0
280.0
-1.5
-2.1
328.5 328.5
277.9 277.9
Total liabilities to credit institutions
See also Group note G22.
Retained earnings Treasury shares Profit for the year
-58,052
-326,091,449 331,032,680 872,465,445
Total
The Board of Directors proposed that the profits be allocated as follows: Dividend to shareholders, SEK 1.00 per share
98,838,795 773,626,650 872,465,445
Funds to be carried forward, SEK
Total
P1 P2 P3 P4 P5 P6 P7 P8 P9
72 · Hemnet Group | Annual and sustainability report 2022
Financial statements
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