CDON Group Annual Report 2010

Annual Report 2010

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Note 17 Other provisions

Group            
Other provisions (SEK thousands)         2010 2009
Provisions for social security contributions based on share-based payments         - 1 217
Provisions for contingent consideration agreements         2 397 -
Total         2 397 1 217
             
Provisions for share-based payments (SEK thousands)         2010 2009
Carrying amount at year's start         1 217 1 020
Provisions allocated during the period         - 197
Unutilized amount reversed during the period         -1 217 -
Carrying amount at year end         - 1 217
             
Provisions in 2009 comprised social security contributions for share-based payments. Provisions have been dissolved as the programme for share-based payments was concluded when the company was listed. No payments have been made, instead the dissolution has been recognised in the consolidated income statement.
Provisions for contingent consideration agreements (SEK thousands)         2010 2009
Carrying amount at year's start         - -
Provisions allocated during the period         2 397 -
Carrying amount at year end         2 397 -
             
Provisions include contingent consideration agreements from the acquisition of Lekmer AB. The valuation of the contingent consideration is based on defined profit objectives for 2011 and 2012 for Lekmer AB and the probability of their fulfilment.
Total provisions for the Group (SEK thousands)         2010 2009
Total carrying amount at year's start         1 217 1 020
Provisions allocated during the period         2 397 197
Unutilized amount reversed during the period         -1 217 -
Total carrying amount at year end         2 397 1 217
             
Of which non-current portion of provisions         1 271 1 217
Of which current portion of provisions         1 126 -
             
Payments         2010 2009
Amount for which provisions are expected to be payable after 12 months         1 271 1 217
             
Parent company            
Other provisions (SEK thousands)         2010 2009
Provisions for contingent consideration agreements         2 660 -
Total         2 660 -
             
Provisions for contingent consideration agreements (SEK thousands)         2010 2009
Carrying amount at year's start         - -
Provisions allocated during the period         2 660 -
Carrying amount at year end         2 660 -
             
Of which non-current portion of provisions         1 330 -
Of which current portion of provisions         1 330 -
             
Provisions consist of contingent considerations from the acquisition of Lekmer AB.

CDON Group AB, P.O. Box 385, Bergsgatan 20 (visiting address), SE-201 23 Malmö, Sweden