New Wave Group Annual Report 2024 | Page 114

Note 13- Shares in associated companies
Note 14- Other long-term receivables
NWG // FINANCIAL INFORMATION //
THE GROUP
Note 13- Shares in associated companies
Accounting policies
Associated companies are those companies in which the Group directly or indirectly has a significant, but not controlling, influence, generally corresponding to between 20 and 50 percent of the voting rights. Shares in associated companies are accounted for using the equity method and are initially recorded at cost. In the consolidated income statement on the row shares of associated companies’ result, the Group’ s share of the associated companies ' result after tax is recorded. This item is recognized in operating result, since the associated companies essentially carry out the same operations as the Group’ s other business activities. In the Group’ s consolidated balance sheet the shares in associated companies are recorded at cost and adjusted based on the Group’ s share of the result after the acquisition date and any dividends received.
SEK million
Corporate identity number
Domicile
Share of capital, %
Share of votes, %
Number of shares
2024 Book value
2023 Book value
Dingle Industrilokaler AB
556594-6570
Munkedal
49
49
83,055
6.7
6.7
Kosta Köpmanshus AB
556691-7042
Lessebo
49
49
7,350
32.0
32.0
Jobman Workwear GmbH
758048
Freiberg
49
49
2
0.0
0.0
Total
38.7
38.7
Based on IFRS 10 and 11, New Wave Group is not considered to have controlling influence over the above presented companies.
Company ' s equity amounted to
The Group ' s share of total comprehensive income for the year
The Group ' s share of contingent liabilities
SEK million
2024
2023
2024
2023
2024
2023
Dingle Industrilokaler AB
14.7
14.7
0.0
0.0
None
None
Kosta Köpmanshus AB
64.1
64.1
0.0
0.0
None
None
Jobman Workwear GmbH
-8.4
-7.6
-0.7
-2.7
None
None
Note 14- Other long-term receivables
SEK million
2024
2023
Deposits
8.2
4.9
Other long-term receivables
6.5
6.9
Total
14.8
11.8
114 // ANNUAL REPORT