TSC Annual Report 2024 final - Flipbook - Page 67
Notes - Financial statements
Note 11. Financial costs
2024
2023
-790
-186
-2,493
-111
-522
-263
-745
-3,580
-1,530
2024
2023
Opening accumulated costs
Acquisitions
Revaluation of accumulated acquisition costs
7,002
973
-791
5,817
811
374
Closing accumulated costs
7,184
7,002
Opening accumulated depreciation
Depreciation for the year
Revaluation of depreciation
-4,512
-223
426
-4,245
-70
-197
Closing accumulated depreciation
-4,309
-4,512
2,875
2,490
Internal management expenses
External management expenses
Losses on foreign exchange, net
Forward exchange agreement
Note 12. Intangible assets
Capitalised expenditure, software system
Depreciation is accounted for in the income statement under ‘Net operating expenses’.
Note 13. Shares in group and associated companies
2024
2023
0
0
-
11
0
11
Non-quoted shares in subsidiaries:
The Swedish Club Hong Kong Limited
1 share nominal value HKD 1
Non-quoted shares in associated companies:
The Swedish Club Academy
750 shares nominal value SEK 100
The Club has a subsidiary company which, in accordance with the Swedish Annual Accounts Act, has not been consolidated since the
subsidiary company is of lesser importance with regard to true and fair view requirements.
During the year, The Club divested its 50 % shareholding of The Swedish Club Academy in exchange for proceeds
amounting to SEK 101,500 (USD 9,410).
Information about The Swedish Club Hong Kong Limited:
CIN: 15065077-001-09-19-0
Registered of昀椀ce: Hong Kong
The Swedish Club | Annual Report 2024
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