Parent company

The parent company Peab AB’s net sales for the first quarter 2017 amounted to SEK 58 million (54) and mainly consisted of internal Group services. Profit after tax amounted to SEK -58 million (-55).

The parent company’s assets mainly consist of participations in Group companies amounting to SEK 11,805 million (11,776) and shares in Lemminkäinen Oyj worth SEK 432 million (318). The assets have been financed from equity of SEK 6,418 million (5,854) and long-term liabilities amounting to SEK 5,430 million (6,318).

The parent company is indirectly affected by the risks described in the section Risks and Uncertainty Factors.

Report on the parent company income statement in summary

MSEK Jan-Mar
2017		 Jan-Mar
2016		 Apr-Mar
2016/2017		 Jan-Dec
2016
Net sales  58 54  246 242
Administrative expenses -98 -88 -414 -404
Operating profit -40 -34 -168 -162
Result from financial investments
Profit from participation in Group companies  – – 0 0
Other financial items  -33 -34 -137 -138
Result after financial items -73 -68 -305 -300
Appropriations  – – 1,855 1,855
Pre-tax profit  -73 -68 1,550 1,555
Tax 15 13 -332 -334
Profit for the period -58 -55 1,218 1,221

Report on the parent company income statement and other comprehensive income in summary

MSEK Jan-Mar
2017		 Jan-Mar
2016		 Apr-Mar
2016/2017		 Jan-Dec
2016
Profit for the period  -58 -55  1,218 1,221
Other comprehensive income        
Items that can be reclassified or have been reclassified to income for the period        
Changes for the period in fair value of available-for-sale financial assets  -48 8  114 170
Total comprehensive income for the period -106 -47 1,332 1,391

Report on financial position for the parent company in summary

MSEK 31 Mar
2017		 31 Mar
2016		 31 Dec
2016
Assets
Machinery and equipment  1 1 1
Participation in Group companies 11,805 11,776 11,811
Other securities held as fixed assets 432 318 480
Deferred tax recoverables 98 88 99
Total fixed assets 12,336 12,183 12,391
Accounts receivable 1 0 1
Receivables from Group companies 70 67 2,444
Tax assets 25 19 –
Other current receivables 44 2 4
Prepaid expenses and accrued income 12 15 10
Liquid funds 0 0 0
Total current assets 152 103 2,459
Total assets 12,488 12,286 14,850
Equity and liabilities
Equity 6,418 5,854 6,524
Untaxed reserves 522 0 522
Other provisions 29 25 28
Total provisions 29 25 28
Liabilities to Group companies  5,430 6,318 7,281
Total long-term liabilities  5,430 6,318 7,281
Accounts payable 19 20 28
Liabilities to Group companies 6 13 58
Tax liabilities  –  – 339
Other liabilities 5 7 7
Accrued expenses and deferred income 59 49 63
Total current liabilities 89 89 495
Total liabilities  5,519 6,407 7,776
Total equity and liabilities 12,488 12,286 14,850