Annual Report 2009
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NOTES TO THE FINANCIAL STATEMENTS OF THE GROUP NOTE 39 – CASH FLOW ANALYSIS – OTHER NON CASH ITEMS (TSEK) 2009 Deferred tax Site restoration discount Share based payments Result from associated company Financial income from associated company Other non-cash items 119,593 41,208 83,503 426,219 – 3,443 673,966 2008 707,944 31,263 27,271 -6,031 -46,558 -2,845 711,044 Salaries, other remuneration and social security costs per country Parent company Sweden Total parent company Subsidiary companies in Sweden Subsidiary foreign companies United Kingdom France Norway Netherlands Indonesia Russia Tunisia Singapore Malaysia Ethiopia Kenya United Arab Emirates Venezuela Switzerland Total subsidiary companies Total Group of which defined contribution plan cost of which defined benefit plan cost 2009 Social Salaries and other security costs remuneration 4,927 4,927 908 908 2008 Salaries and other remuneration 4,213 4,213 Social security costs 720 720 – – – – NOTE 40 – RELATED PARTY TRANSACTIONS The Group has entered into transactions with related parties on an arms length basis as described below: The Group paid TSEK 96 (TSEK -) to Vostok Nafta Investment Ltd for the rent of an office in Stockholm. Vostok Nafta is considered a related party because the major shareholder is Lorito Holdings (Guernsey) Ltd which also is the major shareholder in Lundin Petroleum. The Group received TSEK 576 (TSEK -) from ShaMaran for the provision of office and other services and TSEK 2,426 (TSEK -) for the provision of technical services. Lundin Petroleum holds approximately 10% of the shares in ShaMaran. The Group received TSEK 4,352 (TSEK -) from AOC being interest on a loan provided to AOC at an arm’s length transaction basis and TSEK 229 (TSEK -) for the provision of technical services. As at 31 December 2009, the loan provided to AOC amounted to TSEK 169,294 (TSEK -). In the financial year ended 31 December 2008, the Group paid TSEK 170 to Namdo Management Services Ltd., a private corporation owned by Lukas H. Lundin, a director of the Company, pursuant to a services agreement. Namdo has approximately 12 employees and provides administration and financial services to a number of public companies. Accordingly, there is no basis for allocating the amounts paid to Namdo to Mr Lukas H. Lundin directly. The service agreement was terminated during 2008. There was no outstanding payable amount at 31 December 2008. In the financial year ended 31 December 2008, the Group received TSEK 198 from Vostok Nafta Investment Ltd and related companies, for the provision of office and accounting services. There was no outstanding receivable at 31 December 2008. 42,901 30,768 98,161 6,924 9,154 44,919 6,454 11,575 22,361 1,573 800 1,552 1,008 149,849 427,999 432,926 7,581 16,445 25,671 756 236 3,623 486 21 13 32 36 – 175 12,553 67,628 68,536 37,170 26,351 60,764 4,746 6,121 50,272 4,257 10,672 4,695 1,923 2,066 1,161 – 68,494 278,692 282,905 7,533 13,072 10,421 964 857 4,722 425 987 – – – – – 10,770 49,751 50,471 21,732 970 16,994 833 NOTE 41 – AVERAGE NUMBER OF EMPLOYEES, SALARIES, OTHER REMUNERATION AND SOCIAL SECURITY COSTS (TSEK) Average number of employees per country Parent company Sweden Total parent company Subsidiary companies in Sweden Subsidiary foreign companies United Kingdom France Norway Netherlands Indonesia Russia Tunisia Singapore Malaysia Ethiopia Kenya United Arab Emirates Venezuela Switzerland Total subsidiary companies Total Group 2009 Total of which employees men – – – – 2008 Total of which employees men – – – – Salaries, other remuneration per country split between the Board of Directors/MD and other employees Parent company Sweden Total parent company Subsidiary companies in Sweden Subsidiary foreign companies 2009 Board of Directors and MD 4,927 4,927 2008 Board of Directors and MD 4,213 4,213 Other employees – – Other employees – – – – – – – – – – 34 55 56 7 20 182 9 4 16 4 2 3 4 43 439 439 23 44 38 4 14 143 6 3 11 3 1 2 2 30 324 324 37 54 42 7 18 281 8 7 6 11 5 2 – 46 524 524 26 44 28 3 13 223 5 6 4 7 3 1 – 33 396 396 United Kingdom France Norway Netherlands Indonesia Russia Tunisia Singapore Malaysia Ethiopia Kenya United Arab Emirates Venezuela Switzerland Total subsidiary companies Total Group 16,245 – 8,271 2,570 3,108 15,815 2,801 3,747 4,104 1,280 351 – – 69,303 127,595 132,522 26,656 30,768 89,890 4,354 6,046 29,104 3,653 7,828 18,257 293 449 1,552 1,008 80,546 300,404 300,404 13,471 – 5,407 1,675 2,590 17,681 1,981 2,989 1,072 1,635 902 – – 6,751 56,154 60,367 23,699 26,351 55,357 3,071 3,531 32,591 2,276 7,684 3,623 288 1,164 1,160 – 61,743 222,538 222,538 For the Group, a total of 26 persons held senior management and board positions (2008: 21, 2007-2005: 20, 2004: 19, 2003: 15 persons). One woman is included in these positions in 2009 (2008: one, 2007-2005: two, 2004-2003: one). Amounts for Switzerland also contain related cost for personnel of Etrion SA. 79 FINANCIALS
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