Financial Overview

Income sheet

SEK 000s	Note	2009	2008
Net sales	2, 3	3 014 349	3 456 696
Cost of products sold		-2 324 457	-2 709 611
Gross profit		689 892	747 085
Selling expenses		-374 959	-420 315
Administrative expenses		-227 610	-122 278
Research & development expenses		-42 062	-54 551
Impairment of goodwill		-150 339	0
Operating profit	3-6, 16, 20	-105 078	149 941
Financial income		664	7 215
Financial expenses		-22 616	-28 180
Net financial items	7	-21 952	-20 965
Profit before tax		-127 030	128 976
Tax	8	-51 463	-34 572
Net profit for the year		-178 493	94 404
Earnings per share	15
before dilution (SEK)		5,31	2,80
after dilution (SEK)		5,31	2,80

The entire profit is attributable to the shareholders in the Parent Company.

SEK 000s	Note	Dec. 31, 2009	Dec. 31, 2008
Assets	3, 9
Non-current assets
Intangible assets	10	477 276	631 657
Equipment, tools, fixtures and fittings	11	21 425	22 675
Other non-current receivables		2 520	1 475
Deferred tax receivables	8, 26	28 831	45 829
Total non-current assets		530 052	701 636
Current assets
Trade receivables		673 948	685 749
Tax receivables		8	21 454
Other receivables		61 075	25 410
Prepaid expenses and accrued income		19 352	16 903
Cash and cash equivalents		436 596	133 389
Total current assets		1 195 526	849 650
Total assets		1 725 578	1 551 286
Equity and liabilities
Shareholders' equity	13
Share capital		11 433	11 433
Paid-up, non-registered share capital		5 674	-
Share premium		441 130	103 658
Reserves		-78 594	-103 085
Retained earnings including net profit for the year		100 864	279 908
Total equity		480 507	291 914
Non-current liabilities
Subordinated loan	14, 19	50 000	-
Deferred tax liabilities	8	23 862	17 232
Total non-current liabilities		73 862	17 232
Current liabilities
Liabilities to credit institutions	14, 19	117 500	37 500
Overdraft facilities	14, 19	74 565	249 327
Trade payables		127 432	186 698
Current liabilities to publishers		418 615	396 707
Tax liabilities	8	-	24 497
Other liabilities	17	311 208	294 824
Accrued expenses and deferred income	18	121 889	52 587
Total current liabilities		1 171 209	1 242 140
Total equity and liabilities		1 725 209	1 551 286
Pledged assets	21	94 393	172 974
Contingent liabilities	21