New Wave Group Annual Report 2020 English | Page 101

Note 18 - Prepaid expenses and accrued income
Note 19 - Net debt and credit limit
NWG // FINANCIAL INFORMATION //
THE GROUP
Note 18 - Prepaid expenses and accrued income
SEK million
2020
2019
Marketing expenses
12.4
13.2
IT expenses
9.0
10.8
Operational costs
7.8
5.5
Insurance costs
3.3
3.6
Accrued income with additional performance obligation
2.5
1.8
Catalogue costs
2.3
4.5
Samples
1.3
4.0
Trade fair costs
1.0
7.0
Wage costs
1.0
0.5
License fees
0.2
4.3
Other prepaid costs
2.5
5.8
Total
43.5
61.2
Note 19 - Net debt and credit limit
Net debt Change in interest-bearing liabilities
SEK million
2020
2019
Cash and cash equivalents
-325.1
-351.3
Long-term interest-bearing liabilities
1 933.3
2 818.3
Short-term interest-bearing liabilities
209.4
497.8
Total
1 817.6
2 964.8
of which lease liabilities Long-term interest-bearing liabilities
635.8
689.9
Short-term interest-bearing liabilities
106.0
113 . 8
Total
741.8
803.7
Effective interest rate
2.2 %
2.3 %
SEK million
2020
2019
Liability at the beginning of the year
3 316.1
2 143.2
Opening balance lease liabiliity *
0.0
641.0
Currency effect
-143.4
47.3
New and terminated lease liabilities 119.4 272.7
Borrowing 62.9 386.2 Borrowing through business combinations 6.2 0.0
Amortization -1 091.8 -71.3 Amortization of lease liabilities -126.7 -103.0 Liability at year-end 2 142.7 3 316.1
Credit limit Interest-bearing liabilities consist of loans and bank overdraft facilities . Amount granted in relation to these liabilities amounts to SEK 2,845.0 ( 3,211.8 ) million .
* Refers to opening balance at transition to IFRS 16 .
ANNUAL REPORT // 101