Note 10 – Other operating income and expenses
Accounting principles
Other operating income includes other revenue not classified as sales and that cannot be attributable to selling products or services. Other operating expenses includes expenses that cannot be classified in other functions.
Government assistance
Government grants are recognized at fair value when there is reasonable certainty that the grant will be received and that the conditions associated with the grant will be met. Government grants relating to costs are allocated over periods and recognized in the income statement in the same periods as the costs which the grant is intended to cover. Government assistance is recognized as other operating income.
Acquisition expenses
Acquisition expenses are recognized in the Group as other operating expenses. In the Parent Company, these are recognized as shares in subsidiaries in compliance with RFR 2.
Depreciation, amortization and impairment
Amortization of customer relationships and goodwill impairment losses attributable to acquisitions are recognized in other operating expenses.
| Group | Parent Company | |||||
| SEK m | 2020 | 2019 | 2020 | 2019 | ||
| Koncernen | Moderbolaget | |||||
| MSEK | 2020 | 2019 | 2020 | 2019 | ||
| Exchange rate gains | Valutakursvinster | 0 | 12 | 0 | 2 | |
| Administrative services | Administrativa tjänster | – | – | 249 | 298 | |
| Capital gains | Realisationsvinst | 0 | 1 | 0 | 0 | |
| Government support | Statliga stöd | 82 | – | 10 | – | |
| Profit on recalculated pension terms | Vinst vid omräknade pensionsvillkor | 33 | – | – | – | |
| Other items | Övriga poster | 5 | 11 | 0 | 0 | |
| Total other operating income | Summa övriga rörelseintäkter | 121 | 24 | 259 | 300 | |
| Exchange rate losses | Valutakursförluster | 4 | – | 4 | – | |
| Depreciation/amortization | Avskrivningar | 63 | 63 | 0 | 0 | |
| Impairment losses | Nedskrivningar | 0 | 58 | 0 | – | |
| Administrative services | Administrativa tjänster | – | – | 38 | 39 | |
| Capital loss | Realisationsförlust | 1 | 1 | 0 | 0 | |
| Acquisition expenses | Förvärvskostnader | – | 2 | – | – | |
| Other items | Övriga poster | 11 | 13 | 1 | 1 | |
| Total other operating expenses | Summa övriga rörelsekostnader | 80 | 137 | 44 | 40 | |
Other operating income
Operating income includes government employment assistance (nystartsjobb) amounting to SEK 0 thousand (2019:16) in Other items. There are not any unfulfilled conditions or contingent liabilities associated with these grants.
The Duni Group received government assistance for short-time work (SEK 74 m) and transition support (SEK 8 m) during the year, for a total of SEK 82 m. Each country has different names for support funding for employees, but all government assistance received for both transition support and employees is consolidated under other operating income. Transition support has only been received in Sweden. Government grants intended to cover costs or reduce rent from landlords, in countries other than Sweden, are allocated over periods and recognized in the income statement in the same periods as the costs which the grant is intended to compensate for.
SEK 33 m in one-off revenue was included in other operating income in relation to a gain on recalculation of pension terms and conditions in the Dutch pension plan.
Other operating expenses
Administrative services in the Parent Company primarily involve administrative expenses for subsidiaries.
Other items, revenue, primarily comprise gains on disposal of fixed assets. Other items, expenses, include losses on disposal of fixed assets, bank fees and other administrative expenses. The bank fees include fees in connection with payment of invoices, fees for receiving payments and expenses for holding external bank accounts. These expenses are directly related to operations, which is why they are considered operating expenses and not financial expenses.