NWG // FINANCIAL INFORMATION // THE GROUP
Note 20 - Net assets in foreign currencies
The table shows currency exposed equity distributed by each currency before Group adjustments .
SEK million Net assets 2022 2021 Euro , EUR 1 311.6 974.6 Canadian dollar , CAD 208.5 177.8 Swiss franc , CHF 423.5 193.3 US dollar , USD 2 076.3 1 592.8 Norwegian krone , NOK 198.1 149.9 Danish krone , DKK 74 . 0 54.2 Chinese yuan , CNY 79.9 51.5 Polish zloty , PLN 89.2 58.8 Hong Kong dollar , HKD 144.9 105.7 British pound , GBP 368.7 65.9 Icelandic krona , ISK 2.1 3.0 Total net assets in foreign currencies 4 976.7 3 427.5
Note 21 - Pledged assets and contingent liabilities
Pledged assets
The Group ' s pledged assets consists of collateral for the Group ' s interest-bearing liabilities to credit institutions which amounted to SEK 2,054.8 ( 702,9 ) million at year-end . Security for the main financing agreement is made up of floating charges , property mortgages , and net assets in Group companies . Trademarks have been specifically pledged and are included in the net assets of the Group companies . Parts of the Group ’ s inventory and accounts receivable constitute security for Group companies ’ local funding . See further Note 16 , section Liquidity risk , for maturity analysis and information regarding the conditions for the Group ’ s financing .
Contingent liabilities
Accounting policies
A contingent liability is recognized for a possible obligation , for which it is not yet confirmed that a present obligation exists that could lead to an outflow of resources . Alternatively , there is a present obligation that does not meet the definitions of a provision or a liability as it is not probable that an outflow of resources will be required to settle the obligation or a sufficiently reliable estimate of the amount of the obligation cannot be made .
SEK million 2022 2021 Duty guarantees 13.8 12.2 Rent guarantees 132.9 141.9 Guarantees for associated companies 6.0 6.0
Total 152.7 160.1
Note 22 - Other current liabilities
SEK million |
2022 |
2021 |
VAT |
107.7 |
111.3 |
Employee withholding taxes |
14.0 |
14.7 |
Liabilities to employees |
8.5 |
4.5 |
Repayment liabilities , returns |
21.7 |
14.5 |
Currency futures |
4.1 |
4.1 |
Social security contributions |
0.6 |
0.4 |
Other wage deductions |
0.6 |
0.5 |
Other items |
17.6 |
13.6 |
Total |
174.7 |
163.6 |
SEK million |
2022 |
2021 |
Floating charges |
690.5 |
690.5 |
Property mortgages |
201.5 |
179.8 |
Net assets in Group companies |
4 286.3 |
3 337.8 |
Shares in associated companies |
8.3 |
8.3 |
Inventory and accounts receivable |
560.0 |
353.5 |
Total |
5 746.6 |
4 569.9 |
106 // ANNUAL REPORT