The table below presents a breakdown of the Group's net sales and operating expenses by currency, which provides an overview of the Group's long-term currency sensitivity.
The largest exposures are denominated in EUR, USD, GBP and SEK. The imbalance between sales and expenses in SEK is because the Swedish operations have a high proportion of exports that are invoiced in foreign currencies.
Table
Currency | Sales, % | Expenses, % | Operating profit*, SEKm | Closing rate 31 Dec. 2010 | Average rate 2010 |
|---|
EUR | 50 | 46 | 7.926 | 8.9962 | 9.5322 |
|---|
USD | 12 | 16 | –2,911 | 6.7983 | 7.1839 |
|---|
GBP | 8 | 5 | 4.163 | 10.5346 | 11.1040 |
|---|
SEK | 7 | 16 | –7,787 | | |
|---|
DKK | 3 | 1 | 1.465 | 6.9146 | 6.6083 |
|---|
AUD | 2 | 2 | 787 | 0.5490 | 0.5693 |
|---|
MXN | 2 | 1 | 1.043 | 1.2074 | 1.2803 |
|---|
NOK | 1 | 0 | 1.236 | 1.1510 | 1.1907 |
|---|
Other | 15 | 13 | 3.686 | | |
|---|
Total | 100 | 100 | 9.608 | | |
|---|