Note 6 Share of earnings in associated companies

       
Group      
(SEK million)  CountryShare capital %20082007
Mediamätning i Skandinavien MMS AB  Sweden2562
P4 Radio Hele Norge ASA  Norway-  
Radio National i Luleå AB  Sweden4900
Radio National i Skellefteå AB  Sweden4900
Radioindustri Xerkses i Borås AB  Sweden4901
Svensk Programagentur AB  Sweden50116
Radio Nova  Finland22510
Gigahertz KB  Sweden3300
CTC Media  Russia39629461
Total    651480
       
Tax    -193-156
Net Income    459324
       
Shares in associated companies (SEK million)    31 December 200831 December 2007
Balance brought forward 1 January    1,8411,458
Change in accounting for CTC Media associated company    -53
Investments in associated companies    -11
Effect from new share issues CTC Media    575
Sale of associated companies    -7-
Share of earnings in associated companies    651480
Share of tax expense in associated companies    -193-156
Elimination of internal part for the sale of DTV    -755-
Dividend received    -16-11
Translation differences    3461
Balance carried forward 31 December    1,9241,841
       
Totally recorded values in associated companies (SEK million)    31 December 200831 December 2007
Assets    8,7414,131
Liabilities    2,754657
Revenues    3,1772,261
Net income    759534
       
Associated companies are reported based on equity accounting. The share of earnings is equal to the Group's share in the profit/loss after financial items but before tax in each associated company after conversion into Swedish krona and after adjustments to MTG's accounting principles (when necessary). The calculation of share in profit/loss are based on the latest available accounts. The figures for CTC Media are based on the interim report of 30 September, 2008 and 2007.
For further information, see also note 12.
       

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