Sensitivity analysis
The following tables illustrate the estimated effects on the Group of changes in selected variables. These are estimated effects which could occur with an isolated change in each variable.
| Impact on the Group of a change in SEK against all currencies and a change in USD against SEK, based on the 2010 income statement and statement of financial position |
| SEK bn |
+/- 10% |
of which USD +/- 10% |
| Revenue |
+/- 9.2 |
+/- 3.4 |
| Operating income |
+/- 0.3 |
+/- 0.1 |
| Equity |
+/- 1.4 |
+/- 0.3 |
The above sensitivity analysis shows in SEK the Group’s sensitivity to a 10 percent unilateral change in SEK against all currencies .
| Interest-bearing liabilities and assets |
| SEK bn |
Dec 31, 2010 |
Dec 31, 2009 |
| Interest-bearing gross liabilities |
-4.9 |
-7.7 |
Cash and cash equivalents and
interest-bearing receivables |
14.8 |
15.8 |
| Interest-bearing net receivables |
9.9 |
8.1 |
| Sensitivity of pension obligation to change in discount rate |
| SEK bn |
Sweden |
Norway |
U.K. |
Total |
Pension obligation,
December 31, 2009 |
4.8 |
2.7 |
4.6 |
12.0 |
Discount rate increase/
decrease of 0.25 percent* |
+/- 0.2 |
+/- 0.1 |
+/- 0.2 |
+/- 0.5 |
*) Estimated change in pension obligation/pension liability if the discount rate changes. If pension liability increases, the Group’s equity is reduced by about 75 percent of the increase in pension liability, after taking ino account deferred tax and social insurance contributions.