Hipótesis 2: la tesis que considero debería ser acogida por la legislación penal
2.4 TRÁMITE DE EXTRADICIÓN ANTE LA CORTE SUPREMA DE JUSTICIA
Arlanda Express is a much appreciated service by travellers and the air shuttle services have been operated at a high level of reliability and good standard during the year. Arlanda Express’s market share has continued to increase. SJ’s services to the airport have also developed very positively. In accordance with the intentions of the Riksdag, the regional and local railway services will also serve Stockholm-Arlanda airport. A-Banan’s role will be significantly changed unless A-Banan’s position can be secured within the framework of the new Railway Act.
48
INCOME STATEMENT, SEK million 2005 2004
Rental income 4,481 4,482
Other income 124 99
Expenses –1,902 –1,985
Change in value, properties 7,214 –478
Operating profit 9,917 2,118
Financial income 333 10
Financial expenses –980 –804
Profit before tax 9,270 1,324
Taxes –2,616 –374
Net profit for the year 6,654 950 Attributable to:
Shareholders in parent company 6,654 950
Minority interests 0 0
BAlANCE ShEET, SEK million 2005 2004 Assets
Non-interest bearing fixed assets 46,764 39,087 Interest-bearing fixed assets 1,074 0 Non-interest bearing current assets 1,088 1,005 Interest-bearing current assets 1,225 329
Total assets 50,151 40,421
Shareholders’ equity, provisions and liabilities Shareholders’ equity attributable to
shareholders in parent company 22,455 16,618
Minority share of equity 0 0
Total shareholders’ equity 22,455 16,618 Interest-bearing provisions 202 195 Non-interest bearing provisions 6,259 4,066 Interest-bearing long-term liabilities 14,397 11,664 Interest-bearing current liabilities 4,541 5,790 Non-interest bearing current liabilities 2,297 2,089 Total liabilities and shareholders’ equity 50,151 40,421 CASh flOw, SEK million 2005 2004 Cash flow from operating activities 1,675 1,200 Cash flow from investing activities –328 –1,502 Cash flow from financing activities –450 164
kEy rATIOS 2005 2004
Return on equity (average), % 34.2 7.9 Return on total capital
employed (average), % 21.9 6.3
Equity/assets ratio, % 44.8 41.1
Area of premises, 000 sq.m. 3,281 3,315 Market value, properties 45,616 38,230
OThEr, SEK million 2005 2004
Dividend 660 394
Gross investment 1,490 1,904
Depreciation and write-downs 0 0
Average no. of employees 446 442
Sick leave, % 5.4 5.1
Share owned by state, % 100 100
Ethical policy ... YES Gender equality policy ... YES Active diversity work ... YES Employees ...women 25% / men 75% Management group ...women 30% / men 70% Board of directors women ... 57% / men 43% Environmental policy ... YES Environmental management system ...ISO 14001 Reports in compliance with IFRS ... YES
AK ADEMISK A HuS AB
Reg. no. 556459-9156 | www.akademiskahus.se
Akademiska hus AB was created in 1992 in connection with the reorganisation of the National Board of Public Building. The main task of Akademiska hus AB is to offer Swed- ish universities and other institutions of higher education purpose-built and sound premises for education and research. The company is also responsible as manager for maintaining the substantial financial and cultural value of the properties. The company is Sweden’s largest property company with 90 per cent of its tenants in the public sector.
OPErATIONS
Akademiska Hus AB is the landlord for around 60 per cent of the premises used by universities and other institutions of higher education. There are also some other tenants, central government agencies and institutions and foundations, which are, in most cases, located on campuses and engaged in research-related work. The com- pany invests solely for its own management and ownership of the properties. Opera- tions take place throughout Sweden, from Lund in the south to Kiruna in the north.
fINANCES
In 2005, rental income totalled SEK 4,481 (4,482) million. Profit before tax was SEK 9,270 (1,324) million. At the turn of the year, the lettable area was 3.28 (3.31) mil- lion sq.m. and the vacancy ratio was 3.2 (2.8) per cent. In 2005, net investment was SEK 469 (1,866) million, mainly new and construction and refurbishment of proper- ties. The average remaining term of the leases was 6.5 years.
The assessed market value of the compa- ny’s properties was estimated at SEK 7.2 billion over the level at the beginning of 2004. This is equivalent to an increase in value of 19 per cent. This was accordingly the main explanation for the substantial improvement of earnings of SEK 7.9 billion.
OBjECTIvE
The activities of Akademiska Hus are gov- erned by objectives in four areas: customer benefit, profitability, satisfied staff and reduced impact on the environment. Cus- tomer benefit is measured, among other ways, by the Customer Satisfaction Index (NKI). Among other things, this index measures image, service, adaptation, fault reporting and premises. Staff satisfaction is measured by a staff survey in accordance with the Staff Satisfaction Index (NMI). The company’s profitability target is for the return on average shareholders’ equity to correspond to the five-year government bond rate plus 4 percentage points over a business cycle and for the equity/assets ratio to be 35 per cent. The environmental objectives, where sustainable use of energy is most important, have been set for the year and as a long-term objective.
DIvIDEND POlICy
The Group’s dividend target is that 2.5 per cent of the shareholders’ equity should be distributed to the owner. Consideration should be taken to the company’s capital structure and capital requirements when making decisions on dividends.
ASSESSMENT
In 2005, Akademiska Hus’s NKI index was 75 according to the Fastighetsbarometern, which is a good outcome compared with the average for the property sector of 71. NMI was measured at 66, which is also a good outcome. The company’s equity/ assets ratio was 44.8 (41.1) per cent at the end of 2005. Return on equity was 34.2 (7.9) per cent. It was decided to pay a divi- dend of SEK 660 million, which is SEK 100 million more than the target. The financial targets were accordingly achieved. The Group’s use of energy decreased slightly in 2005 compared with 2004. Akademiska Hus (and the company’s technical director) has received an award, Stora Energipriset, in 2005 for renewal with a high level of energy awareness.
The fee to the chairman of the board is SEK 152,000 (147,000) in 2006. Fees to the board members elected at the annual general meeting amounts to SEK 75,000 (73,000) in 2006.
Board of directors and auditors 2005/2006 | Chair: Claes Ljungh. | Members: Charlotte Axelsson, Sigbritt Franke, Marianne Förander, Per Granath, Birgitta
Kantola and Maj-Charlotte Wallin. (Birgitta Kantola resigned and Göran Wendel was elected at the annual general meeting in 2006.) | Employee representatives:
Sveinn Jonsson and Parzin Seradji. | Auditors: Peter Gustafsson, Deloitte AB and Jonas Hellström, Swedish National Audit Office.
Chair: Claes Ljungh CEO: Joakim Ollén
A MEMBER OF THE GROUP OF COMPANIES OPERATING UNDER MARKET CONDITIONS
0 10 20 30 40 2005 2004 2003 Objective Outcome rETurN ON EquITy, %
CEO: Göran Lundwall
49
INCOME STATEMENT, SEK million 2005 2004
Net turnover 501 526
Expenses –522 –565
Operating profit –21 –39
Financial expenses –1 –3
Profit before tax –22 –42
Net profit for the year –22 –42
Attributable to:
Shareholders in parent company –24 –37
Minority interests 2 –5
BAlANCE ShEET, SEK million 2005 2004 Assets
Non-interest bearing fixed assets 51 31 Interest-bearing fixed assets 2,313 2,252 Non-interest bearing current assets 94 89 Interest-bearing current assets 2,156 2,275
Total assets 4,614 4,647
Shareholders’ equity, provisions and liabilities Shareholders’ equity attributable to
shareholders in parent company 4,037 4,058
Minority share of equity 139 138
Total shareholders’ equity 4,176 4,196 Non-interest bearing provisions 103 133 Non-interest bearing long-term liabilities 46 46 Non-interest bearing current liabilities 289 272 Total liabilities and shareholders’ equity 4,614 4,647 CASh flOw, SEK million 2005 2004 Cash flow from operating activities 33 –3 Cash flow from investing activities –24 –12
kEy rATIOS 2005 2004
Return on equity (average), % neg neg Return on total assets (average), % neg neg Return on capital employed
(earnings) (average), % neg neg
Return on operating capital
(earnings) (average), % 6.7 12.9
Equity/assets ratio, % 90.5 90.3
OThEr, SEK million 2005 2004
Dividend 0 0
Gross investment 26 25
Depreciation and write-downs 7 7
Average no. of employees 448 454
Sick leave, % 4.2 5.6
Share owned by state, % 100 100
Ethical policy ... NO Gender equality policy ... YES Active diversity work ... YES Employees ...women 42% / men 58% Management group ...women 22% / men 78% Board of directors ...women 43% / men 57% Environmental policy ... YES Environmental management system ... NO Reports in compliance with IFRS ... NO AlMI företagspartner AB is owned by the
state and is the parent company of a group with 21 regional subsidiaries in which the parent company owns 51 per cent. Other owners are the county councils, regional self-government bodies and municipal co- operation bodies. AlMI’s task is to promote the development of competitive small and medium-sized companies and to stimulate new entrepreneurship with a view to creating growth and renewal in the Swedish business sector.
OPErATIONS
The operations cover the whole process from idea to profitable company and take place in three business areas: Innovation, New companies and Established companies. The services offered are financing and advice. ALMI offers loans to new and estab- lished companies, in particular adapted financing forms to innovators and mini loans. ALMI is an alternative when other lenders are unwilling to do so. The provision of credit takes place in collaboration with other lenders and the banks are an important partner. Advice is provided individually or in groups and may take place on one occa- sion or extend over a longer period. There is specially adapted advice for innovators and new companies. For established compa- nies, advice is mainly concentrated to the areas management, market development, shift of ownership, internationalisation and profitability control.
fINANCES
ALMI’s parent company receives operating grants from the state. The subsidiaries in turn receive operating grants from the parent company and the regional owners in proportion to ownership.
The operating grant from the state amounted to SEK 55 million in 2005. Grants from the parent company to the regional companies totalled SEK 144.7 million. Operating grants from the minority owners in the regional companies totalled SEK 134.5 million. The regional companies also receive some compensation from external clients. The group’s result before minority interests
was SEK –23.3 million. The parent company’s result was SEK –15.8 million. The loss that has arisen will be taken from shareholders’ equity. The return on borrowed funds after loan losses was 3 per cent. The risks are to be balanced in such a way that ALMI can maintain the capital in the loan fund nomi- nally intact in the long-term.
OBjECTIvE
ALMI’s objective is for more innovative ideas to be successfully commercialised, for more viable companies to be established and develop and for more companies to increase their competitiveness and profita- bility.
DIvIDEND POlICy
There is no dividend policy since the com- pany does not have any dividend require- ments from the owner.
ASSESSMENT
New lending continued to increase and totalled SEK 1,182 million, of which 861 established companies borrowed SEK 553 million, 1,786 new companies borrowed SEK 579 million and 264 loans were pro- vided to innovators totalling SEK 50 million. During the year 360 innovations were com- mercialised, 3,300 new companies started with the aid of ALMI and a total of 4,880 in- depth advisory commissions were carried out in different companies. Furthermore, a large number of short advisory sessions took place within the business areas Innovation and New companies. The effect in ALMI’s client companies is measured annually by Statistics Sweden. The survey for 2005 shows that the companies that became customers in 2001 increased the number of their employees by 3,000 in the following three- year period. Turnover increased by over SEK 8 billion or an average of SEK 2 million per company. The years 2001–2003 were characterised by generally low growth. In a comparable control group assembled by Statistics Sweden, the number of employ- ees instead decreased by 4,000 persons and turnover by 1 per cent.
The fee to the chairman of the board is SEK 70,000 (70,000) in 2006. Fees to the board members elected at the annual general meeting total SEK 50,000 (50,000) in 2006.
Board of directors and auditors 2005/2006 | Chair: Kai Hammerich. | Members: Eva Agevik, Ola Asplund, Catharina Blom, Thomas Nilsson, Håkan Svennerstål,
Eva-Carin Tengberg. | Employee representatives: Anna-Lena Nilsson, Bo Zettergren. | Deputy employee representatives: Monica Johansson, Thomas Olsson. Auditors: Lars Träff and Björn Ohlsson, Ernst & Young and Jonas Hällström, Swedish National Audit Office.
ALMI FöRE TAGSPARTNER AB Reg. no. 556481-6204 | www.almi.se
Chair: Kai Hammerich
0 200 400 600 800 1,000 1,200 2005 2004 2003 2002 2001 2000 1999 1998
NEw lENDINg, SEK million
50
under section 4 of the Act (1996:1552) on Trade with Pharmaceutical Products, Apoteket AB has the sole right to sell phar- maceutical products to the general public. Apoteket is to meet the need for pharma- ceutical products throughout Sweden and is obliged to supply all pharmaceutical prod- ucts approved for the Swedish market at uniform prices.
OPErATIONS
Apoteket AB’s main task is to sell pharma- ceutical products to the public in Sweden. Sales mainly take place through 900 outpa- tient pharmacies. With a view to ensuring the provision of pharmaceutical products in sparsely-populated areas, Apoteket has a contract with around 850 pharmacy agents. The agents are responsible for providing prescribed pharmaceutical products and selling a limited range of off-prescription pharmaceutical products.
Apoteket’s task also includes providing producer-independent information and advice to individual consumers and provid- ing producer-independent information to those prescribing drugs.
With a view to complying with the judg- ment of the European Court of Justice in the Hanner case, the Government made a number of adaptations in 2005 in the agree- ment between the state and Apoteket.
An interim report was submitted to the Government in February 2006 on the issue of whether other actors apart from Apoteket should be entitled to sell nicotine replacement therapy products to consum- ers. The report will be circulated for com- ment during the spring of 2006.
fINANCES
The net turnover of the business increased by SEK 1,352 million, or 4 per cent, to SEK 35,444 (34,092) million. The sale of phar- maceutical products on prescription was largely unchanged in 2005, both as regards volumes and turnover. Profit after net financial items was SEK 290 (282) million. The positive result has been achieved due to good sales during the second half of 2005,
a reduced cost development in the last quarter and intensive efficiency improve- ment and productivity work.
OBjECTIvE
The Government’s instructions to Apoteket to engage in retail trading with pharmaceu- tical products with exclusive right mean that the company is to work for rational use of these products throughout the country. The national provision assignment also includes striving continuously for improved access through supplementary channels. The financial targets are laid down in the owner directive:
1. The return after tax on adjusted equity is to correspond to the ten-year bond rate with a supplement of three percent- age points.
2. The equity/assets ratio in Apoteket AB should be approximately 21 per cent.
DIvIDEND POlICy
According to the owner directive, dividend should, on condition that the dividend rules in the Companies Act allow it, total an amount corresponding to a third of the profit after tax taking into consideration the target for the equity/assets ratio.
ASSESSMENT
Apoteket AB is considered to have complied with the tasks set by the Government in a satisfactory way. The targets for profitabil- ity and the equity/assets ratio have been exceeded. Dividend amounted to SEK 70 million which corresponds to 35 per cent of net profit. The company has a good rating in measurements on knowledge of and atti- tude to the company. Patient safety in the company’s operations is very high. The pro- portion of incorrect prescriptions in 2005 was 0.2 per mille of the approximately 62.7 million prescription items dealt with. Accessibility, both geographical and in terms of opening hours and reduced waiting times, is continuously improving. In 2005, ten new pharmacies opened, of which five were Apoteket shops. The total opening hours increased by almost 40,000 hours in 2005.
INCOME STATEMENT, SEK million 2005 2004
Net turnover 35,444 34,092
Other income 14 19
Expenses –35,166 –33,826
Result from shares in
associated companies 0 –1
Operating profit 292 284
Financial income 12 12
Financial expenses –14 –14
Profit before tax 290 282
Taxes –89 –76
Net profit for the year 201 205
Attributable to:
Shareholders in parent company 201 205
Minority interests 0 0
BAlANCE ShEET, SEK million 2005 2004 Assets
Non-interest bearing fixed assets 2,116 2,034 Non-interest bearing current assets 6,781 6,435 Interest-bearing current assets 918 474
Total assets 9,815 8,943
Shareholders’ equity, provisions and liabilities Shareholders’ equity attributable to
shareholders in parent company 2,632 2,518
Minority share of equity 0 0
Total shareholders’ equity 2,632 2,518 Non-interest bearing provisions 467 438 Interest-bearing current liabilities 2,715 2,000 Non-interest bearing current liabilities 4,001 3,987 Total liabilities and shareholders’ equity 9,815 8,943 CASh flOw, SEK million 2005 2004 Cash flow from operating activities 128 206 Cash flow from investing activities –239 –172 Cash flow from financing activities 555 –46
kEy rATIOS 2005 2004
Return on equity (average), % 7.8 9.4 Return on total assets (average), % 3.2 3.5 Return on capital employed
(earnings) (average), % 6.2 7.5
Return on operating capital
(earnings) (average), % 6.9 7.8
Equity/assets ratio, % 26.8 28.2
OThEr, SEK million 2005 2004
Dividend 70 100
Gross investment 243 232
Depreciation and write-downs 242 230 Average no. of employees 10,914 10,856
Sick leave, % 6.2 6.3
Share owned by state, % 100 100
Ethical policy ... YES Gender equality policy ... YES Active diversity work ... YES Employees ...women 89% / men 11% Management group ...women 71% / men 29% Board of directors ...women 50% / men 50% Environmental policy ... YES
Environmental ISO 14001
management system...(parts of operations) Reports in compliance with IFRS ... YES
AP OTEK E T AB
Reg. no. 556138-6532 | www.apoteket.se
The fee to the chairman of the board is SEK 192,000 (185,000) in 2006. Fees to the board members elected at the annual general meeting total SEK 92,500 (89,000) in 2006.
Board of directors and auditors 2005/2006 | Chair: Jan Bergqvist. | Members: Barbro Carlsson, Eva Eriksson, Peter Lagerblad, Carola Lemne, Pär Axel
Sahlberg, Mikael Sjöberg. (Barbro Carlsson and Mikael Sjöberg resigned and Kia Orback Pettersson, Christina Wahrolin and Kent Waltersson were elected at the annual general meeting in 2006.) | Employee representatives: Inga-Lill Furberg, Carina Jansson. | Deputy employee representatives: Gunilla Andersson,
Cecilia Bernsten. | Auditors: Per Wardhammar, Öhrlings PricewaterhouseCoopers and Lars Nordstrand, Swedish National Audit Office.
Chair: Jan Bergqvist CEO: Stefan Carlsson
A MEMBER OF THE GROUP OF COMPANIES WITH SPECIAL SOCIETAL INTERESTS
0 20 40 60 80 100 2005 2004 2003 Objective Outcome
wAITINg TIME AT PhArMACy, PrOPOrTION Of ITEMS PrOvIDED wIThIN 10 MINuTES
The fee to the chairman of the board is SEK 62,000 (60,000) in 2006. Fees to the board members elected at the annual general meeting total SEK 31,000 (30,000) in 2006.
Board of directors and auditors 2005/2006 | Chair: Nils Dexe. | Members: Jan Persson, Åke Rådberg, Maria Sedolin, Johan Skoglund, Michael Thorén,
Marianne Åbyhammar. (Nils Dexe and Marianne Åbyhammar resigned and Eva Cederbalk and Jan-Peter Jonsson, the new chairman, were elected at the annual general meeting in 2006.) | Auditor: Per Bergman, KPMG.
AB BO STAD S GAR ANTI
Reg. no. 556071-9048 | www.bostadsgaranti.se
Chair: Jan-Peter Jonsson CEO: Kåre Eriksson
51
AB Bostadsgaranti provides insurance and guarantees that, among other things, provide purchasers of tenant-owned housing in newly built tenant-owner associations with increased security. The company was estab- lished in 1962 from the then Svenska Byggnadsentreprenörföreningen. In 1976, a ten-year guarantee was introduced for purchases of newly-produced houses. This guarantee was made into condition for gov- ernment grants in (subsequently interest subsidies) for owner-occupied and tenant- owned houses. In the same year, the state acquired a half of the shares in the company. The riksdag justified this decision by it being reasonable that the state acquired influence over the activity in the light of the company’s strong position. This formal link between the subsidy system and the guar- antee activity has successively been reduced. The state’s continued ownership of share of the company is now primarily based on consumer protection interests.
OPErATIONS
AB Bostadsgaranti and its wholly-owned subsidiary Försäkringsaktiebolaget Bostadsgaranti offer guarantees, warran- ties and insurance products with a focus on the construction and housing sector. At Försäkrings AB Bostadsgaranti, customers can take out a production guarantee, lia- bility, commitment and construction fault insurance while the parent company offers deposit and advance guarantees for tenant- owned housing projects. The parent com- pany also has an extensive programme of courses within the sphere of tenant-owned housing. In recent years, housing production