New Wave Group Annual Report 2023 | 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
2023
2022
Marketing expenses
12.6
10.1
IT expenses
24.8
18.7
Operational costs
12.8
13.1
Accrued income with additional performance obligation
2.4
3.5
Catalogue costs
3.1
4.2
Samples
1.4
2.2
Trade fair costs
3.5
4.4
Wage costs
4.8
0.4
Warehouse system
0.0
26.9
Prepaid royalty costs
1.3
1.0
Prepaid insurance
7.0
4.8
Licensfee
3.5
0.4
Other prepaid costs
2.5
3.0
Total
79.7
92.7
Note 19 - Net debt and credit limit
Net debt Change in interest-bearing liabilities
SEK million
2023
2022
Cash and cash equivalents
-372.6
-419.4
Long-term interest-bearing liabilities
2 194.9
2 418.4
Short-term interest-bearing liabilities
206.6
330.6
Total
2 028.9
2 329.6
of which lease liabilities Long-term interest-bearing liabilities
448.9
547.1
Short-term interest-bearing liabilities
111 . 5
147.1
Total
560.4
694.2
Effective interest rate
3.8 %
2.6 %
SEK million
2023
2022
Liability at the beginning of the year
2 749.1
1 396.7
Currency effect
-19.1
86.1
Borrowing bank * 0.0 1 067.1 Borrowing leasing debts 0.0 398.7 Acquisition of shares 25.6 50.0 Amortization * -205.5 -111.3 Amortization of lease liabilities * -148.6 -138.2 Liability at year-end 2 401.6 2 749.1
Credit limit Interest-bearing liabilities consist of loans and bank overdraft facilities . Amount granted in relation to these liabilities amounts to SEK 2,753,2 ( 2,881.2 ) million . * Refers to cash flow-affecting items .
ANNUAL REPORT // 105