New Wave Group Annual Report 2022 NWG_Annual_Report_2022_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
2022
2021
Marketing expenses
10.1
13.7
IT expenses
18.7
13.8
Operational costs
13.1
8.7
Accrued income with additional performance obligation
3.5
3.4
Catalogue costs
4.2
2.9
Samples
2.2
1.2
Trade fair costs
4.4
2.1
Wage costs
0.4
0.2
Warehouse system
26.9
0.0
Prepaid royalty costs
1.0
0.0
Prepaid insurance
4.8
4.2
Licensfee
3.0
5.1
Other prepaid costs
0.4
0.0
Total
92.7
55.3
Note 19 - Net debt and credit limit
Net debt Change in interest-bearing liabilities
SEK million
2022
2021
Cash and cash equivalents
-419.4
-327.9
Long-term interest-bearing liabilities
2 418.4
1 166.8
Short-term interest-bearing liabilities
330.6
229.9
Total
2 329.6
1 068.8
of which lease liabilities Long-term interest-bearing liabilities
547.1
578.4
Short-term interest-bearing liabilities
147.1
115 . 3
Total
694.2
693.7
SEK million
2022
2021
Liability at the beginning of the year
1 396.7
2 142.7
Currency effect
86.1
62.0
Borrowing bank 1 067.1 0.0 Borrowing leasing debts 50.0 25.1 Acquisition of shares 398.7 0.0
Amortization -111.3 -706.6 Amortization of lease liabilities -138.2 -126.5 Liability at year-end 2 749.1 1 396.7
Effective interest rate 2.6 % 2.5 %
Credit limit Interest-bearing liabilities consist of loans and bank overdraft facilities . Amount granted in relation to these liabilities amounts to SEK 2,881.2 ( 2,776.0 ) million .
ANNUAL REPORT // 105