Additional Information

    The accounting principles applied conform with the Swedish Annual Reports Act and recommendations and statements from the Swedish Financial Accounting Standards Board and the Swedish Institute of Authorised Public Accountants (FAR SRS). The following valuation and conversion principles have been applied in the annual report:

    Co-owners

    Malmö Hamn AB and Udviklingsselskabet By & Havn I/S are designated the co-owners in the annual report.

    Fixed assets

    Fixed assets are accounted at acquisition cost with deductions for planned depreciation based on an assessment of the economic life of the assets.

    Depreciation according to plan has taken place as follows:

    Buildnings 20-50 years
    Cranes 25 years
    Permanent building equipment and installations 10-20 years
    Working machines 7-10 years
    Vehicles and other equipment 5 years
    Computers 3-5 years

    Tax depreciation over and above depreciation according to plan is regarded as additional depreciation, which constitutes an untaxed reserve.

    The buildings have no assessment value.

    Receivables and liabilities

    Receivables have been reported at the amounts they are expected to accrue.

    Receivables and liabilities in foreign currency have been converted to Swedish krona at the closing day rate.

    Any difference between acquisition value and closing day value has been taken up as income.

    Liquid assets

    Liquid funds consist of cash and bank balances and short-term investments.

    Foreign subsidary

    The subsidary's income statement and balance sheet have been recalculated in accordance with the current method, whereby the translation difference has been reported against equity.

     

     

    Notes

    Note 1 Net sales
    (SEK 1 000) 2009 2008
    Terminal income 555 383 596 310
    Income from rent 153 968 159 657
    Other income 23 505 28 286
    Total 732 856 784 253



    Note 2 Fee for auditors
    (SEK 1 000) 2009 2008
    Auditor's fee, Deloitte AB 446 359
    Consultation, Deloitte AB 231 462
    Total 677 821



    Note 3 Number of employees, salaries and remuneration for employees and the Board
    Average number of employees 2009 2008
    Malmö
    Men 154
    		206
    Women 24
    		34
      178
    		240
    Copenhagen
    Men 200 204
    Women 34 32
      234 236
    Total 412 476
     
    Absences due to illness 2009 2008
    Total absense due to illness 3.6% 4.5%
    Short-term absence due to illness 2.3% 2.2%
    Long-term absence due to illness 1.4% 2.3%
    Absence due to illness for women 3.7% 3.5%
    Absence due to illness for men 3.6% 4.6%
    Women -29 years 1.5% 2.6%
    Women 30-49 years 4.7% 4.0%
    Women 50 years - 3.3% 3.5%
    Men -29 years 2.1% 2.0%
    Men 30-49 years 3.5% 3.5%
    Men 50 years - 3.9% 6.3%
     
     
    Personnel costs
    (SEK 1 000) 2009 2008
    The Board, CEO and Deputy Managing Director
    Salaries and other remuneration 4 973 4 202
    of which bonuses 0 324
    Payroll overheads 2 676 2 245
    of which pension costs and obligations 1 128 1 094
    Other employees
    Salaries and other remuneration 216 383 234 919
    Payroll overheads 53 695 52 589
    of which pension costs and obligations 24 055 19 858
     
    An agreement regarding severance pay amounting to two years of salary has been made with the CEO and Deputy Managing Director.
    Gender distribution within the Board and company management Board CEO and other senior executives
    Proportion of men in group 92% 92%



    Note 4 Tangible fixed assets
    (SEK 1 000) 31.12.2009 31.12.2008
    Buildings and land facilities
    Acquisition value brought forward 81 651 73 267
    Adjustment to opening value 85 0
    Valuation adjustment to opening value -1 488 3 141
    Purchases 470 5 243
    Sales/disposals 0 0
    Accumulated acquisition value carried forward 80 718 81 651
    Depreciation brought forward -5 102 -2 827
    Valuation adjustment to opening value -220 0
    Depreciation for the year -3 107 -2 275
    Accumulated depreciation carried forward -8 429 -5 102
    Planned residual value carried forward 72 289 76 549
    Machinery and other technical plant
    Acquisition value brought forward 367 243 312 678
    Valuation adjustment to opening value -17 616 34 135
    Purchases 13 978 30 012
    Sales/disposals -4 484 -9 582
    Accumulated acquisition value carried forward 359 121 367 243
    Write-downs brought forward 0 0
    Write-downs for the year -11 170 0
    Accumulated write-downs carried forward -11 170 0
    Depreciation brought forward -141 922 -123 796
    Valuation adjustment to opening value -8 432 0
    Sales/disposals 4 392 7 312
    Depreciation for the year -28 467 -25 438
    Accumulated depreciation carried forward -174 429 -141 922
    Planned residual value carried forward 173 522 225 321
    Equipment, tools and installations
    Acquisition value brought forward 88 938 70 429
    Adjustment to opening value -85 0
    Valuation adjustment to opening value -3 751 8 158
    Purchases 1 981 10 410
    Sales/Disposals -2 360 -59
    Accumulated acquisition value carried forward 84 723 88 938
    Depreciation brought forward -48 163 -38 953
    Valuation adjustment to opening value -3 868 0
    Sales/disposals 2 361 62
    Depreciation for the year -8 510 -9 272
    Accumulated depreciation carried forward -58 180 -48 163
    Planned residual value carried forward 26 543 40 775
    Constructions in progress and advance payments
    Balance brought forward 3 117 899
    Accrued expenses during the year 13 900 44 417
    Reclassifications completed during the year -16 602 -43 972
    Value adjustment -115 1 773
    Closing balance 300 3 117
    Leasing
    (SEK 1,000)
    The company has leasing costs for vehicles, machinery and equipment.
    In 2009, the costs amounted to 4,532
    Future known leasing costs are as follows: 2010-3,174, 2011-2,038, 2012-882, 2013-221, 2014-79



    Note 5 Other receivables
    (SEK 1 000) 31.12.2009 31.12.2008
    Insurance compensation 0 1 091
    Other 1 595 2 090
      1 595 3 181



    Note 6 Prepaid expenses and accrued income
    (SEK 1 000) 31.12.2009 31.12.2008
    Accrued terminal income, etc. 17 615 24 179
    Prepaid expenses 8 645 4 862
      26 260 29 041



    Note 7 Appropriations and untaxed reserves
    (SEK 1 000) 31.12.2009 31.12.2008
    Balance-sheet allocations
    Difference between depreciation according to plan and
    tax-permitted depreciation     		-26 355 51 207
    Tax allocation reserve -49 901 29 005
    Total appropriations -76 256 80 212
    Untaxed reserves
    Accumulated additional depreciation 138 885 165 240
    Tax allocation reserve, tax-07 0 20 896
    Tax allocation reserve, tax-09 0 29 005
    Total untaxed reserves 138 885 215 141



    Note 8 Appropriations
    Other appropriations relate to appropriations for assessed loss risks from a sales contract.



    Note 9 Major accrual and deferral items
    (SEK 1 000) 31.12.2009 31.12.2008
    Accrued expenses and deferred income.
    Accrued salaries, holiday pay and payroll overheads 40 842 56 071
    Estimated payroll tax 2 256 1 996
    Accrued discounts 23 714 21 409
    Miscellaneous 20 709 16 267
    Total accrued expenses and deferred income 87 521 95 743



    Note 10 Equity
    (SEK 1 000) Share capital Share premium reserve Statutory reserve Translation difference subsidiary Non-restricted equity Total - equity
    Total start of the year 100 000 20 000 388 79 118 170 662 370 168
    Translation difference subsidiary       -49 851   -49 851
    Dividend to shareholders         -43 000 -43 000
    Profit for the year         150 205 150 205
    Total at end of year 100 000 20 000 388 29 267 277 867 427 522



    Note 11 Credit on current account
    Credit granted by Danske Bank amounts to SEK 50,000,000. The overdraft on the closing day was unused.