Directors' report - The Parent Company

Sales, income and financial position  

The Parent Company, Duni AB, contains Group management and joint Group staff functions such as finance, personnel, purchasing, communication, marketing and IT. Parts of the Group’s development resources are located in the Parent Company. The Company’s products are mainly distributed to other units within the Group, but the Parent Company is also responsible for the Group’s sales on the Nordic market.  

Net sales amounted to SEK 1,180 (1,180) m. Operating income was reported at SEK -70 (-43) m and net financial items at SEK 277 (543) m. The Parent Company's net income was SEK 194 (487) m. The net financial items include internal dividends received during the year of SEK 257 (547) m.

The Parent Company’s investments in fixed assets amounted to SEK 24 (21) m.

The Parent Company’s equity ratio at year-end was 68.8 percent (63.4). The Parent Company’s cash and cash equivalents on December 31, 2010 amounted to SEK 65 (179) m.

Operational and financial risks in the Parent Company

The Parent Company’s risks correspond in all essential respects to the Group’s risks.

Duni’s finance management and its management of financial risks are regulated by a finance policy adopted by the Board of Directors. This work is presided over and managed by the Group’s Treasury, which is included as a unit within the Parent Company.

• The Group
• The Parent Company
• Ownership and share
• Proposed allocation of earnings
• The Board’s assurance and signatures