Note 30 Discontinued operations

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MTG B 2/7/2012 5:29 PM

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MTG

Modern Times Group MTG AB Box 2094 SE-103 13 Stockholm Sweden Visiting: Skeppsbron 18 Tel: +46 8 562 000 50


In June 2007, TV-Shop Europe AB and its subsidiaries were sold. The capital gain of the divested operations was SEK 18 million.
Income Statement for TV-Shop operations (SEK million)									Jan-Jun 2007
Net Sales									169
Cost of goods and services									-101
Gross income									67

Selling expenses									-42
Administrative expenses									-26
Other operating expenses									0
Operating income									-1

Interest revenue and other financial income									2
Interest expense and other financial costs									-1
Income before tax									0

Current tax expenses									-2
Net income for the year									-2

The TV-Shop operations comprised separate cash flow units. Therefore assumptions or calculated allocation of costs or other judgements have not been made.
The net results for the sold entities are reported in the Group's income statement.
Balance sheet/cash flow (SEK million)									2007
Non-current assets									9
Inventories									46
Trade and other receivables									55
Cash and cash equivalents									24
Long-term liabilities									-1
Trade and other payables									-57
Net assets									76

Purchase price									94
Net cash inflow									70