Note 35 - Reclassification of discontinued operations

A decision was taken in 2008 regarding the divestment of the Atlantic Division within the Industrial Shipping business area, upon which this operation was recognized separately as a discontinued operation in the 2008 Annual Report. Since the trend for the maritime economy in 2009 made it impossible to implement divestment on the established terms, it was decided to suspend the divestment. Accordingly, the Atlantic Division is included fully in this annual report. Compared with the 2008 Annual Report, the reversal of the Atlantic Division changed the comparative data as follows:

  Group
SEK M 2008
Income statement  
Net sales 527,210
Direct travel costs –240,894
Personnel costs –35,752
Other external costs –212,935
Depreciation/amortization –25,663
Operating income 11,966
Net financial items 28
Income before tax 11,994
Tax  –3,358
Total earnings 8,636
   
Cash flow  
Income before tax 11,994
Depreciation/amortization 25,663
Cash flow from operating activities 37,657
Cash flow from investing activities –23,225
Total cash flow 14,432
   
Assets  
Fixed assets 1) 118,78
Inventory  12,912
Accounts receivable 39,052
Other current assets 19,748
Total 190,499
   
Liabilities  
Accounts payable 8,277
Other current liabilities 25,591
Total 33,868
   
1) The vessels recognized separately in 2008 were Oak and Map.