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NDAQ » Topics » NOTE 26. ACCRUED EXPENSES AND DEFERRED INCOME

These excerpts taken from the NDAQ 8-K filed Aug 1, 2008.

NOTE 26. ACCRUED EXPENSES AND DEFERRED INCOME

 

      GROUP
(SEK m)    2006    2005

Personnel expenses

    187    182

Systems sales1)

    8    11

Support revenue

    26    —  

Facility Management1)

    15    12

Trading revenue

    10    —  

Issuers’ revenue2)

    60    53

Commission revenue

    22    —  

Other deferred income

    27    53

Unrealized exchange-rate losses

    13    106

Accrued interest

    30    —  

Other

    75    129

TOTAL

    473    546

 

1)

Customer invoicing terms for projects are usually set within a contract and it is not uncommon that payments do not correspond to work carried out at a given time. Work that has been invoiced, but not yet carried out, is treated as a liability to the customer. During the period when the work to which the invoice relates is carried out, this liability is re-booked as revenue.

2)

Relates to listing fees paid by companies listed on the exchanges within OMX’s exchanges. These fees are paid quarterly in advance and are based on the average market capitalization of a company over the preceding 12-month period.

 

35

NOTE 26. ACCRUED EXPENSES AND DEFERRED INCOME

 

      GROUP
(SEK m)    2007    2006

Personnel expenses

    235    187

Delivery costs

    28    —  

Systems sales1)

    8    8

Support revenue

    30    26

Facility Management1)

    17    15

Trading revenue

    4    10

Issuers’ revenue2)

    58    60

Commission revenue

    31    22

License revenue

    11    —  

Other deferred income

    12    27

Unrealized exchange-rate losses

    19    13

Accrued interest

    41    30

Other

    89    75

TOTAL

    583    473

 

1)

Customer invoicing terms for projects are usually set within a contract and it is not uncommon that payments do not correspond to work carried out at a given time. Work that has been invoiced, but not yet carried out, is treated as a liability to the customer. During the period when the work to which the invoice relates is carried out, this liability is re-booked as revenue.

 

2)

Relates to listing fees paid by companies listed on the exchanges within OMX’s exchanges. These fees are paid quarterly in advance and are based on the average market capitalization of a company over the preceding 12-month period.

 

67

These excerpts taken from the NDAQ 8-K filed May 2, 2008.

NOTE 26. ACCRUED EXPENSES AND DEFERRED INCOME

 

      GROUP
(SEK m)    2006    2005

Personnel expenses

    187    182

Systems sales1)

    8    11

Support revenue

    26    —  

Facility Management1)

    15    12

Trading revenue

    10    —  

Issuers’ revenue2)

    60    53

Commission revenue

    22    —  

Other deferred income

    27    53

Unrealized exchange-rate losses

    13    106

Accrued interest

    30    —  

Other

    75    129

TOTAL

    473    546

 

1)

Customer invoicing terms for projects are usually set within a contract and it is not uncommon that payments do not correspond to work carried out at a given time. Work that has been invoiced, but not yet carried out, is treated as a liability to the customer. During the period when the work to which the invoice relates is carried out, this liability is re-booked as revenue.

2)

Relates to listing fees paid by companies listed on the exchanges within OMX’s exchanges. These fees are paid quarterly in advance and are based on the average market capitalization of a company over the preceding 12-month period.

 

35

NOTE 26. ACCRUED EXPENSES AND DEFERRED INCOME

 

      GROUP
(SEK m)    2007    2006

Personnel expenses

    235    187

Delivery costs

    28    —  

Systems sales1)

    8    8

Support revenue

    30    26

Facility Management1)

    17    15

Trading revenue

    4    10

Issuers’ revenue2)

    58    60

Commission revenue

    31    22

License revenue

    11    —  

Other deferred income

    12    27

Unrealized exchange-rate losses

    19    13

Accrued interest

    41    30

Other

    89    75

TOTAL

    583    473

 

1)

Customer invoicing terms for projects are usually set within a contract and it is not uncommon that payments do not correspond to work carried out at a given time. Work that has been invoiced, but not yet carried out, is treated as a liability to the customer. During the period when the work to which the invoice relates is carried out, this liability is re-booked as revenue.

 

2)

Relates to listing fees paid by companies listed on the exchanges within OMX’s exchanges. These fees are paid quarterly in advance and are based on the average market capitalization of a company over the preceding 12-month period.

 

67

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

Note 26. Accrued expenses and deferred income

 

(SEK in millions)    2006    2005
           

Personnel expenses

    187    182

Systems sales(1)

    8    11

Support revenue

    26    —

Facility Management(1)

    15    12

Trading revenue

    10    —

Issuer’s revenue(2)

    60    53

Commission revenue

    22    —

Other deferred income

    27    53

Unrealized exchange-rate losses

    13    106

Accrued interest

    30    —

Other

    75    129
         

Total

    473    546
 

(1) Customer invoicing terms for projects are usually set within a contract and it is not uncommon that payments do not correspond to work carried out at a given time. Work that has been invoiced, but not yet carried out, is treated as a liability to the customer. During the period when the work to which the invoice relates is carried out, this liability is re-booked as revenue.

(2) Relates to listing fees paid by companies listed on the exchanges within OMX’s exchanges. These fees are paid quarterly in advance and are based on the average market capitalization of a company over the preceding 12-month period.

 

F-67

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Aug 1, 2008
8-K (2 sections)
May 2, 2008
8-K
Feb 20, 2008

RELATED TOPICS for NDAQ:

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