NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 119

NWG // FINANCIAL INFORMATION //
THE PARENT COMPANY
Note 16 - Untaxed reserves
SEK million
Accelerated depreciation
Tax allocation reserve 2016
Tax allocation reserve 2017
Tax allocation reserve 2018
Tax allocation reserve 2019
Total
2019
3.1
3.5
16.5
22.4
19.3
64.9
2018
5.4
3.5
16.5
22.4
0.0
47.9
Deferred tax on untaxed reserves amounts to SEK 13.9 (10.5) million.
Note 17 - Credit limit
Amount granted in relation to loans and bank over-
draft facilities amounts to SEK 3,212 (2,765) million.
In September, the Parent company signed a supplement to the
existing financing agreement and increased the total credit limit
with SEK 500 million. The total credit facility amounted to SEK
3,212 million as of 31 December 2019. The credit facility amount
is limited to, and dependent on, the value of some underlying
assets.
Within this credit framework, some subsidiaries can also raise
their own financing and at that time the Parent company had
the opportunity to utilize SEK 2,833 (2,406) million. Of this
amount, USD 30 million runs until January 2024, SEK 339
million until August 2027 and SEK 250 million has a maturity
of three months. The remaining part runs until March 2022.
Note 18 - Accrued expenses and
prepaid income
SEK million
Holiday pay liability
Social security contributions
Special employer's contribution
Audit
Interest
Other items
Total
2019
4.1
0.6
1.9
0.2
0.0
0.5
7.3
2018
3.2
0.5
1.6
0.3
0.3
0.6
6.5
ANNUAL REPORT // 119