NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 99

NWG // FINANCIAL INFORMATION //
THE GROUP
Transactions related to persons included
in management
Ulrica Messing is CEO in one of the Group
companies. A company owned by her has purchased
goods, amounting to SEK 0.2 (0.2) million, from
companies within New Wave Group. During 2018,
her company also paid rent for premises, amounting
to SEK 0.1 million, to New Wave Group companies.
Her company has sold goods to companies within New
Wave Group for SEK 0.0 (0.1) million and compen-
sation for consultancy services rendered amounts
of SEK 0.6 (0.6) million. All transactions have been
carried out under market conditions.
Note 19 - Prepaid expenses
and accrued income
2019
13.2
10.8
7.0
5.8
5.5
4.5
4.3
4.0
3.6
1.8
0.0
0.5
0.0
0.0
0.0
0.0
61.2
SEK million
Marketing expenses
IT expenses
Trade fair costs
Other prepaid costs
Operational costs
Catalogue costs
License fees
Samples
Insurance costs
Accrued income with additional performance obligation
Rent expenses
Wage costs
Royalty income
Leasing fees
Goods deliveries
Bank charges
Total
2018
13.7
7.2
8.0
5.4
4.4
4.7
4.7
3.3
3.2
8.4
13.7
0.9
4.6
1.6
1.4
0.1
85.2
Note 20 - Net debt
Change in interest-bearing liabilities
SEK million
Liquid assets
Long-term interest-bearing liabilities
Short-term interest-bearing liabilities
Total
2019 2018
-351.3 -312.2
2 818.3 1 795.5
2018
1 839.7
0.0
101.5
497.8 347.7 2 964.8 1 831.0 New and terminated lease liabilities 272.7 0.0
Borrowing 386.2 208.2
0.0 50.0
-71.3 -56.1
of which lease liabilities
Long-term interest-bearing liabilities 689.9 0.0
Short-term interest-bearing liabilities 113.8 0.0
Total 803.7 0.0
Effective interest rate
2019
2 143.2
641.0
47.3 SEK million
Liability at the beginning of the year
Opening balance lease liabiliity
Currency effect
2.3%
2.0%
Borrowing through business
combinations
Amortization
Amortization of lease liabilities
Liability at year-end
-103.0 0.0
3 316.1 2 143.2
ANNUAL REPORT // 099