Note 9 - Restructuring expenses/Allocation to restructuring reserve

During the fourth quarter of 2011, structuring expenses of SEK 6 m were incurred in order to adjust, and achieve efficiency gains in, production in Poland. It is estimated that an additional approximate SEK 15 m in restructuring expenses will be incurred in 2012 in order to achieve increased efficiency within the organisation and production. All in all, this will result in annual cost savings estimated at SEK 25 m as from the fourth quarter of 2012.

Restructuring expenses are included in each function as follows:

	Group		Parent Company
SEK m	2011	2010	2011	2010
Costs of goods sold	2	0	-	-
Selling expenses	-	1	-	-
Administrative expenses	2	-	-	-
Other operating expenses	2	-1	-2	-1
Total restructuring expenses	6	0	-2	-1

Allocation to restructuring reserve:

	Group		Parent Company
SEK m	2011	2010	2011	2010
Opening balance, restructuring reserve	12	15	11	10
Utilized reserve	-5	-3	-4	-
Reversal of reserve	-2	-1	-2	-
Allocations for the year	6	1	-	1
Closing balance, restructuring reserve	11	12	5	11
Of which short-term	11	12	5	11

Content

Print the page To Downloads

Här kan man lägga lite text.

Denna text ska till höger