Note 24 - Affiliates

Group companies

The delivery of services and products among Group companies is subject to commercial terms and conditions and market pricing. In 2013, the Parent Company purchased services from other Group companies at a value of SEK 0.0 million (0.0) and sold services to other Group companies at a value of SEK 6.8 million (7.1).

State-owned companies

During the year, the Group purchased services for substantial amounts from the following State-owned companies:

Swedish State

According to a licence issued by the Government on 22 December 2004 to organise lotteries, under Other provisions, item 8.5, the Company’s profit during the financial year shall be lent interest-free to the Swedish State (National Debt Office). Payments are to be made on a quarterly basis on 30 April, 31 July, 31 October and 15 February. Funds loaned are deducted from the dividend following a resolution by the Company’s AGM. On 5 October 1998, Svenska Spel was granted exemption from the provisions in Chapter 21, section 1 of the Swedish Companies Act with respect to the prohibition on loans. At year-end, funds on loan to the National Debt Office totalled SEK 1,200 million (1,200).