Note G23 Other current liabilities
Note G24 A ccrued expenses and deferred income
31/12/2021 31/12/2020
VAT credit
5.4 6.8 1.8
4.2 6.5 0.1
31/12/2021 31/12/2020
Personnel-related taxes
Accrued personnel costs
17.6
14.1
Other items
Deferred income
7.6
8.2
G1 G2 G3 G4 G5 G6 G7 G8 G9
Total
14.0
10.9
Accrued administration and commission compensation
37.7
40.0
Other accrued costs
5.3
6.6
Total
68.2
68.9
Note G25 Changes in liabilities belonging to the financing operations
Non-cash flow items
G10 G11 G12 G13 G14 G15 G16 G17 G18 G19 G20 G21 G22 G23 G24 G25 G26 G27 G28 G29
Paid financing costs
Unpaid interest expenses
Accrual of financing costs
Change in leasing committments 31/12/2021
Cash outflow -908.6
01/01/2021 Cash inflow
Liabilities to credit institutions
675.4
500.0
-3.0
-2.0
16.0
277.9
Leasing liabilities
11.3
-7.5
1.4 1.4
5.2
Total
686.7
500.0
-916.1
-3.0
-2.0
16.0
283.1
Non-cash items Accrual of financing costs
Unpaid interest expenses
Change in leasing committments 31/12/2020
01/01/2020 Cash inflow Cash outflow
Liabilities to credit institutions Contingent consideration
682.2
-10.3 -76.5
3.5
675.4
-2.7
-
Leasing liabilities
3.7
-7.0
14.6 14.6
11.3
Total
765.0
-
-93.8
-2.7
3.5
686.7
Note G26 Cash and cash equivalents
Note G28 Related party transactions Related parties are owners, senior executives of the Group and their related parties, as well as all parent/subsidiary/associate companies and joint ven- tures within the Group and companies controlled by related parties. Goods and services are bought and sold to related parties on normal com- mercial 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. For information on remuneration to the Board of Directors and senior executi- ves, see Note G8.
31/12/2021 31/12/2020
Bank balances
94.5 94.5
247.1
Total 247.1 For bank balances, all counterparties have a credit rating of at least AA (S&P). In cases where the amounts are not considered insignificant, a reser - ve for expected credit losses for these financial instruments is recognised according to the rating-based method. No reserve for expected credit losses has been recognised.
P1 P2 P3 P4 P5 P6 P7 P8 P9
See also the ownership structure section in the Directors' Report.
Note G27 Pledged assets
Market activities in cooperation with Mäklarsamfundet Hemnet has, in cooperation with Mäklarsamfundet (“MSF”), planned marke- ting activities during 2020-2021. These consist of two parts; one part, total- ling SEK 12.5 million, in external media which is administered by MSF, and one part, totalling SEK 10.0 million, in Hemnet’s own channels. For the external part, activities amounting to SEK 9.1 million were expensed during 2020 and a further SEK 3.4 million were expensed during 2021. The part in external channels has thus been completed by the end of December 2021. For the part in Hemnet’s own channels, revenues and expenses of SEK 4.3 million and SEK 4.3 million, respectively, were reported in 2020, and addi- tional revenues and expenses of SEK 5.7 million and SEK 5.7 million, respecti- vely, was reported during the first nine months of 2021. The part in Hemnet’s own channels has thus been completed by the end of September 2021.
31/12/2021 31/12/2020
Net assets in subsidiaries
- -
1,108.6
Trademarks
241.2
Total 1,349.7 Collateral provided in previous years related to debts to credit institutions, in accordance with the loan agreements in force at the time. With the repayment of this previous loan, the previously pledged collateral has also been relea- sed. In the Group's new loan agreements, since 27/04/202, there are no colla- teral requirements. -
Both the previous and the existing loan are conditional on the company meeting certain covenants. See further notes G21 and G22.
Financial statements
HEMNET GROUP | ANNUAL AND SUSTAINABILITY REPORT 2021· 61
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