Balance sheet, Cybercom 2006

SEK thousand	Note	2006	2005	2004	2003	2002	2001	2000	1999
Assets
Non-current assets		149 045	153 562	116 311	97 634	134 555	97 552	92 785	21 349
Goodwill	12	130 139	129 841	81 421	60 617	117 817	82 740	74 891	7 855
Opening acquisition cost		129 841	81 421	-	-	-	-	-	-
Through consolidation of subsidiaries		-	-	-	-	-	-	-	-
Year's purchases		760	48 345	-	-	-	-	-	-
Translation differences		-462	75	-	-	-	-	-	-
Closing accumulated acquisition costs		130 139	129 841	-	-	-	-	-	-
Opening amortisation		-	-	-	-	-	-	-	-
Through consolidation of subsidiaries		-	-	-	-	-	-	-	-
Sales				-	-	-	-	-	-
Year's amortisation		-	-	-	-	-	-	-	-
Closing accumulated amortisation		-	-	-	-	-	-	-	-
Book value		130 139	129 841	81 421	60 617	117 817	82 740	74 891	7 855
Other intangible assets	12	5 546	5 917	12 386	9 073	3 195	567	967	1 447
License rights		1 778	1 655
Opening acquisition cost		3 255	1 600
Purchases		549	1 655
Closing accumulated acquisition costs		3 804	3 255
Opening amortisation		-1 600	-1 600
Year’s amortisation		-426	-
Closing accumulated amortisation		-2 026	-1 600
Closing scheduled residual value		1 778	1 655
Capitalised expenses for software development		-	0
Opening acquisition cost		-	16 431
Year’s capitalised expenses, internal development		-	2 936
Sales		-	-19 367
Closing accumulated acquisition costs		-	0
Opening amortisation		-	-4 045
Year’s amortisation		-	-568
Sales		-	4 613
Closing accumulated amortisation		-	0
Closing scheduled residual value		-	0
Trademarks		3 333	3 733
Opening acquisition cost		4 000	-
Through acquisition of subsidiaries		-	4 000
Sales		-	-
Closing accumulated acquisition costs		4 000	4 000
Opening amortisation		-267	-
Sales		-	-
Year’s amortisation		-400	-267
Closing accumulated amortisation		-667	-267
Closing scheduled residual value		3 333	3 733
Patents		435	529
Opening acquisition cost		1 132	-
Through acquisition of subsidiaries		-	1 011
Purchases		147	121
Closing accumulated acquisition costs		1 279	1 132
Opening amortisation		-603	-
Through acquisition of subsidiaries		-	-458
Year’s amortisation		-241	-145
Closing accumulated amortisation		-844	-603
Closing scheduled residual value		435	529
Total other intangible assets		5 546	5 917	12 386	9 073	3 195	567	967	1 447
Property, plant, and equipment	13	10 863	12 247	10 744	10 797	9 863	11 287	11 270	10 325
Equipment		10 863	12 247
Opening acquisition cost		28 775	34 022
Purchases		5 001	6 263
Sales and disposals		-6 001	-18 261
Through acquisition of subsidiaries		-	6 148
Translation difference		-345	603
Closing accumulated acquisition costs		27 430	28 775
Opening depreciation		-16 528	-23 278
Sales and disposals		4 977	17 428
Through acquisition of subsidiaries		-	-5 046
Year’s depreciation		-5 101	-5 132
Depreciation from discontinued operations		-97	-112
Translation difference		182	-388
Closing accumulated depreciation		-16 567	-16 528
Closing scheduled residual value		10 863	12 247
Total property, plant, and equipment		10 863	12 247	10 744	10 797	9 863	11 287	11 270	10 325
Other financial assets	14	688	358	-	-	190	208	5 191	231
Deferred tax asset	20	1 809	5 199	11 760	17 147	3 490	2 750	466	1 491
Total non-current assets		149 045	153 562	116 311	97 634	134 555	97 552	92 785	21 349
Current assets		259 654	198 115	156 405	178 667	179 897	211 979	201 840	157 364
Accounts receivable	15	121 410	95 764	70 063	59 475	41 838	57 001	53 119	23 927
Income tax recoverable		-	4 869	3 968	5 700	-	-	-	-
Other receivables	16	43 042	35 246	29 491	32 758	19 168	24 479	29 378	22 320
Prepaid expenses	17	6 277	6 783	5 162	6 614	7 354	9 697	7 422	3 800
Prepaid rent		3 178	3 048	-	-	-	-	-	-
Prepaid leasing fees		227	37	-	-	-	-	-	-
Prepaid insurance premiums		1 254	1 728	-	-	-	-	-	-
Prepaid services and fees		714	238	-	-	-	-	-	-
Prepaid license fees		397	215	-	-	-	-	-	-
Prepaid data communication		59	26	-	-	-	-	-	-
Other items		448	1 491	-	-	-	-	-	-
Total		6 277	6 783	-	-	-	-	-	-
Cash and cash equivalents	31	88 925	55 453	47 721	74 120	111 537	120 802	111 921	107 317
Current investments		1 014	-	-	-	-	-	-	-
Cash and bank deposits		87 911	55 453	-	-	-	-	-	-
Total cash and cash equivalents		88 925	55 453	-	-	-	-	-	-
Total current assets		259 654	198 115	156 405	178 667	179 897	211 979	201 840	157 364
Total assets		408 699	351 677	272 716	276 301	314 452	309 531	294 625	178 713
Equity and liabilities
Equity	18	272 391	238 181	180 092	149 480	231 488	223 523	195 386	137 335
Share capital		12 322	12 322	11 196	9 452	9 252	8 757	8 440	7 883
Other capital contributions		276 684	276 684	245 275	198 902	195 808	178 276	152 928	112 629
Other reserves		-3 552	-2 471	-4 153	-3 773	-889	-283	-43	-21
Balanced loss		-13 063	-48 354	-72 226	-55 101	27 317	36 773	34 061	16 844
Total equity		272 391	238 181	180 092	149 480	231 488	223 523	195 386	137 335
Non-current liabilities		8 283	10 634	5 137	15 160	19 280	6 091	20 178	919
Tax provisions	20	7 785	7 091	4 760	4 855	4 308	5 856	3 214	919
Restructuring allocations	20	-	-	-	9 993	3 760	-	16 932	-
Other non-current liabilities	21	498	3 543	377	312	11 212	235	32	-
Total non-current liabilities		8 283	10 634	5 137	15 160	19 280	6 091	20 178	919
Current liabilities		128 025	102 862	87 487	111 661	63 684	79 917	79 061	40 459
Advances from customers		12 344	8 828	3 887	975	76	1 789	158	302
Accounts payable		37 987	21 443	21 390	18 112	14 065	14 993	14 503	12 337
Tax liabilities		8 413	-	-	-	-	4 194	8 007	2 200
Other current liabilities	22	19 775	25 290	22 326	43 014	31 150	29 630	32 553	12 780
Accrued expenses and prepaid revenue	23	49 506	47 301	39 884	49 560	18 393	29 311	23 840	12 840
Total current liabilities		128 025	102 862	87 487	111 661	63 684	79 917	79 061	40 459
Total equity and liabilities		408 699	351 677	272 716	276 301	314 452	309 531	294 625	178 713
The Group’s contingencies and pledged assets	24

Fixed assets
Goodwill makes up a large portion of Cybercom's balance sheet. The assets result from company acquisitions and are the difference between the purchase sum and the acquired company's adjusted net assets. Acquisition of consulting operations often results in a large goodwill entry since the largest asset is structure capital, which can not be capitalised.

Current assets
Accounts receivable rose 27% to SEK 121.4 million (95.8). Other receivables, primarily non-invoiced service assignments, rose 22% to SEK 43.0 million (35.2) and cash and cash equivalents increased by SEK 33.5 million to SEK 88.9 million (55.5). Prepaid expenses amounted to SEK 6.3 million (6.8).

Equity
Equity on 31 December 2006 was SEK 272.4 million (238.2), yielding a 66.6% equity/assets ratio (67.7). Equity per share amounted to SEK 22.11 (19.33).

Liabilities
Long-term liabilities stood at SEK 8.3 million (10.6) and primarily consisted of tax provisions. Current liabilities totalled SEK 128.0 million (102.9) and primarily consisted of accrued personnel costs for SEK 39.2 million (36.9) and of accounts payable (due primarily to subcontractors) for SEK 38.0 million (21.4).

Balance sheet - group

Annual report 2006

Introduction

Directors' report

Accounts and notes

Code of corporate governance

Information