New Wave Group Annual Report 2021 - EN | Page 105

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
2021
2020
Marketing expenses
13.7
12.4
IT expenses
13.8
9.0
Operational costs
8.7
7.8
Insurance costs
4.2
3.3
Accrued income with additional performance obligation
3.4
2.5
Catalogue costs
2.9
2.3
Samples
1.2
1.3
Trade fair costs
2.1
1.0
Wage costs
0.2
1.0
License fees
0.0
0.2
Other prepaid costs
5.1
2.5
Total
55.3
43.5
Note 19 - Net debt and credit limit
Net debt Change in interest-bearing liabilities
SEK million
2021
2020
Cash and cash equivalents
-327.9
-325.1
Long-term interest-bearing liabilities
1 166.8
1 933.3
Short-term interest-bearing liabilities
229.9
209.4
Total
1 068.7
1 817.6
of which lease liabilities Long-term interest-bearing liabilities
578.4
635.8
Short-term interest-bearing liabilities
115 . 3
106.0
Total
693.7
741.8
SEK million
2021
2020
Liability at the beginning of the year
2 142.7
3 316.1
Currency effect
62.0
-143.4
New and terminated lease liabilities 25.1 119.4
Borrowing 0.0 62.9 Borrowing through business combinations 0.0 6.2
Amortization -706.6 -1 091.8 Amortization of lease liabilities -126.5 -126.7 Liability at year-end 1 396.6 2 142.7
Effective interest rate 2.5 % 2.2 %
Credit limit Interest-bearing liabilities consist of loans and bank overdraft facilities . Amount granted in relation to these liabilities amounts to SEK 2,766.0 ( 2,845.0 ) million .
ANNUAL REPORT // 105