United States
Securities and Exchange Commission
Washington, D.C. 20549
Form 18-K
For Foreign Governments and Political Subdivisions Thereof
Annual Report
Of the Kingdom of Sweden
Date of end of last fiscal year: December 31, 2000
Securities registered as of December 31, 2000
Title of Issue |
| Amounts as to Which |
| Names of Exchanges | |
Kingdom of Sweden |
| $ | 200,000,000 |
| New York |
12% Bonds Due 2010 |
|
|
| Stock Exchange | |
|
|
|
|
| |
Kingdom of Sweden |
| $ | 600,000,000 |
| New York |
11 1/8% Bonds with |
|
|
| Stock Exchange | |
warrants Due 2015 |
|
|
|
| |
|
|
|
|
| |
Kingdom of Sweden |
| $ | 2,000,000,000 |
| New York |
6 1/2% Global Bonds |
|
|
| Stock Exchange | |
Due 2003 |
|
|
|
| |
Name and address of person authorized to receive notices and communications from the Securities and Exchange Commission:
Anne Gynnerstedt
General Counsel
RIKSGÄLDSKONTORET
SE-103 74 STOCKHOLM
Sweden
The information set forth below is to be furnished:
1. In respect of each issue of securities of the registrant registered, a brief statement as to:
(a) The general effect of any material modifications, not previously reported, of the rights of the holders of such securities.
There have been no such modifications.
(b) The title and the material provisions of any law, decree or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof.
There has been no such law, decree or administrative action.
(c) The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment.
There has been no such failure.
2. A statement as of the close of the last fiscal year of the registrant giving total outstanding of:
(a) Internal funded debt of the registrant. (Total to be stated in the currency of the registrant. If any internal funded debt is payable in a foreign currency it should not be included under this paragraph (a), but under paragraph (b) of this item). (in thousands)
The total principal amount of direct internal funded debt of the registrant outstanding as of December 31, 2000 was Swedish kronor 740,397,933.(1)
In addition, there were outstanding various internal loans, to a total amount of Swedish kronor 611,095,544 guaranteed by the registrant as to principal and interest.
(1) Such debt does not include debt of State-owned companies, public enterprises or local authorities.
2
(b) External funded debt of the registrant. (Total to be stated in the respective currencies in which payable. No statement need be furnished as to intergovernmental debt.) (1)
The total principal amount of direct external funded debt of the registrant outstanding as of December 31, 2000 was as follows: (in thousands)
U.S. dollars (USD) |
| 4,752,183 |
|
Australian dollars (AUD) |
| 200,000 |
|
Canadian dollars (CAD) |
| 936,780 |
|
Swiss francs (CHF) |
| 1,550,000 |
|
Danish kroner (DKK) |
| 3,724,500 |
|
Euro (EUR) |
| 9,357,868 |
|
Pounds sterling (GBP) |
| 715,797 |
|
Japanese yen (JPY) |
| 321,400,000 |
|
Norwegian kroner (NOK) |
| 1,400,000 |
|
New Zealand dollars (NZD) |
| 100,000 |
|
In addition, there were outstanding various external loans, which are guaranteed by the registrant as to principal and interest. The total principal amount of these contingent liabilities outstanding as of December 31, 2000 was as follows: (in thousands)
U.S. dollars (USD) |
| 3,068,950 |
|
Euro (EUR) |
| 6,690,303 |
|
Danish kroner (DKK) |
| 2,986,459 |
|
Pounds sterling (GBP) |
| 242,170 |
|
Japanese yen (JPY) |
| 43,000,000 |
|
Norwegian kroner (NOK) |
| 700,000 |
|
New Zealand dollars (NZD) |
| 39,400 |
|
(1) Such debt does not include debt of State-owned companies, public enterprises or local authorities.
3
3. A statement giving the title, date of issue, date of maturity, interest rate and amount outstanding, together with the currency of currencies in which payable, of each issue of funded debt of the registrant outstanding as of the close of the last fiscal year of the registrant.
A - Internal Funded Debt as of December 31, 2000(2)
(Payable in Swedish kronor)
Title and Interest Rate |
| Year of final |
| Principal amount |
|
|
|
|
| (in thousands of Skr) |
|
|
|
|
|
|
|
Treasury Bonds: |
|
|
|
|
|
|
|
|
|
|
|
13% of 1990/6/15 |
| 2001 |
| 15,239,600 |
|
11% of 1991/4/23 |
| 2002 |
| 13,088,000 |
|
5.5% of 1996/4/12 |
| 2002 |
| 57,075,500 |
|
10.25% of 1991/5/5 |
| 2003 |
| 68,389,700 |
|
Index linked zero coupon bonds of 1994/10/1 |
| 2001 |
| 1,967,757 |
|
Index linked zero coupon bonds of 1994/4/1 |
| 2004 |
| 11,882,996 |
|
5% of 1998/1/15 |
| 2004 |
| 64,805,000 |
|
6% of 1993/2/9 |
| 2005 |
| 63,628,700 |
|
3.5% of 1999/4/20 |
| 2006 |
| 48,115,000 |
|
6.5% of 1996/10/25 |
| 2006 |
| 24,865,000 |
|
8% of 1995/8/15 |
| 2007 |
| 37,559,900 |
|
6.5% of 1997/5/5 |
| 2008 |
| 47,434,000 |
|
Index linked 4% bonds of 1995/12/1 |
| 2008 |
| 26,074,800 | (1) |
9% of 1993/4/20 |
| 2009 |
| 26,054,500 |
|
5% of 1998/1/28 |
| 2009 |
| 50,775,000 |
|
5.25% of 2000/11/8 |
| 2011 |
| 28,605,000 |
|
6.75% of 1997/5/5 |
| 2014 |
| 43,195,000 |
|
Index linked zero coupon bonds of 1994/4/1 |
| 2014 |
| 19,579,929 | (1) |
Index linked 3.5% bonds of 1998/12/1 |
| 2015 |
| 6,750,000 | (1) |
Index linked 4% bonds of 1995/12/1 |
| 2020 |
| 29,257,550 | (1) |
Index linked 3.5% bonds of 1997/12/1 |
| 2028 |
| 3,000 | (1) |
Index linked 3.5% bonds of 1998/12/1 |
| 2028 |
| 5,852,000 | (1) |
Total Treasury Bonds |
|
|
| 690,197,933 |
|
|
|
|
|
| |
(1) At time of issue paid in discounted amount. |
|
|
|
|
|
(2) No amortization or sinking fund provision. |
|
|
|
|
|
|
|
|
|
|
|
Lottery Bonds(1)(2): |
|
|
|
|
|
|
|
|
|
|
|
5.10%-9.90% of 1993/4/2 (3) |
| 2001 |
| 3,000,000 |
|
4.20%-8.10% of 1993/9/17 (3) |
| 2001 |
| 3,400,000 |
|
3.60%-7.50% of 1994/2/11 (3) |
| 2001 |
| 2,600,000 |
|
3.60%-7.50% of 1944/9/30 (3) |
| 2001 |
| 1,800,000 |
|
6.90% of 1995/5/22 |
| 2002 |
| 2,700,000 |
|
6.00% of 1995/12/11 |
| 2002 |
| 1,900,000 |
|
4.50% 2000, 2.43% 2001 and 2002 of 1999/10/7 |
| 2002 |
| 4,600,000 |
|
4.20% of 1996/12/16 (3) |
| 2003 |
| 2,400,000 |
|
3.30% of 2000/3/16 |
| 2003 |
| 2,500,000 |
|
3.30% of 2000/4/20 |
| 2003 |
| 2,500,000 |
|
5.10% of 1996/6/24 |
| 2003 |
| 4,500,000 |
|
3.75% of 1997/4/21 |
| 2004 |
| 3,700,000 |
|
2.80% + 0.47% per drawing of 2000/11/22 |
| 2004 |
| 1,500,000 |
|
3.75% of 1997/12/15 |
| 2004 |
| 2,100,000 |
|
3.75% of 1998/7/10 |
| 2006 |
| 3,400,000 |
|
2.00%-6.00% of 1999/4/26 (3) |
| 2007 |
| 3,700,000 |
|
3.30% of 1998/11/27 |
| 2008 |
| 3,900,000 |
|
Total Lottery Bonds |
|
|
| 50,200,000 |
|
Total Internal Funded Debt |
|
|
| 740,397,933 |
|
(1) Lottery bonds do not bear interest; bonds are selected by lot (twice or three times a year) to receive prizes. The interest rates indicated are the aggregate amount of prizes paid annually as a percentage of the nominal value of the issue. The principal amount of all bonds is paid at maturity.
(2) No amortization or sinking fund provision.
(3) The aggregate amount of prizes paid annually is floating.
4
Internal Debt Guaranteed by the Kingdom of Sweden as of December 31, 2000
(Payable in Swedish kronor)
|
| Principal |
|
|
| (in thousands of kronor) |
|
Standing Guarantees Issued by Riksgäldskontoret (the Swedish National Debt Office): |
|
|
|
Konungariket Sveriges Stadshypotekskassa (The Urban Mortgage Bank of Sweden) |
| 710,000 |
|
Statens Bostadsfinansiering AB (The National Swedish Housing Finance Corporation) |
| 1,500,000 |
|
AB Svensk Exportkredit (Swedish Export Credit Corporation) |
| 300,000 |
|
Svenska Skeppshypotekskassan (Swedish Ship’s Mortgage Bank) |
| 350,000 |
|
Sveriges Allmänna Hypoteksbank (The General Mortgage Bank of Sweden) |
| 800,530 |
|
Venantius AB (housing finance) |
| 21,923,100 |
|
Statens Bostadslåneaktiebolag, SBAB (housing finance) |
| 38,679,617 |
|
Total |
| 64,263,247 |
|
|
|
|
|
Other Guarantees Issued by Riksgäldskontoret (the Swedish National Debt Office): |
|
|
|
Subsidiaries (including Forsmark Kraftgrupp AB) to Vattenfall AB |
| 90,633 |
|
Pension guarantees |
| 23,791,329 |
|
Stockholmsleder AB (road construction) |
| 2,108,000 |
|
Göteborgs Trafikleder AB (road construction) |
| 45,000 |
|
Botniabanan AB (railway construction) |
| 499,000 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| 9,603,898 |
|
SKD företagen AB (data-processing) |
| 250,000 |
|
Others |
| 144,287 |
|
Total |
| 36,532,147 |
|
|
|
|
|
Guarantees of the State Acting Through the Following State Agencies other than Riksgäldskontoret: |
|
|
|
Insättningsgarantinämnden (Deposit Guarantee Board) |
| 400,000,000 |
|
Exportkreditnämnden (The Export Credit Guarantee Board) |
| 86,813,000 |
|
Bostadskreditnämnden (The National Housing Credit Guarantee Board) |
| 15,563,000 |
|
SIDA (Swedish International Development Agency) |
| 6,964,000 |
|
Länsstyrelser (The County Government Boards) |
| 428,525 |
|
Fiskeriverket (The National Board of Fisheries) |
| 3,798 |
|
Others |
| 527,827 |
|
Total |
| 510,300,150 |
|
|
|
|
|
Total Internal Guaranteed Debt |
| 611,095,544 |
|
5
B - External Funded Debt as of December 31, 2000
(Payable in Foreign Currencies)
Title and Interest Rate |
| Year of Final |
| Principal |
| Equivalent in |
|
|
|
|
| (in thousands) |
|
|
|
US Dollars |
|
|
| USD |
|
|
|
Bond of 1997/02/03 |
| 2001 |
| 82,926 |
|
|
|
Bond of 1997/10/30 |
| 2001 |
| 42,352 |
|
|
|
Bond of 1997/10/30 |
| 2001 |
| 21,560 |
|
|
|
5.75% Bond of 1996/03/26 |
| 2001 |
| 500,000 |
|
|
|
Zero coupon Bond of 1998/01/08 |
| 2001 |
| 121,600 |
|
|
|
6.125% Bonds of 1997/12/3 |
| 2002 |
| 750,000 |
|
|
|
6.5% Bonds of 1993/3/4 |
| 2003 |
| 2,000,000 |
|
|
|
6.75% Bonds of 1997/5/27 |
| 2004 |
| 500,000 |
|
|
|
6.125% Bonds of 1998/1/2 |
| 2008 |
| 500,000 |
|
|
|
Serial Zero Coupon Bonds of 1984/4/4(2) |
| 2009 |
| 111,832 |
|
|
|
12% Bonds of 1985/2/6 |
| 2010 |
| 47,246 |
|
|
|
11.125% Bonds of 1985/6/12 |
| 2015 |
| 67,081 |
|
|
|
10.25% Bonds of 1985/11/6 |
| 2015 |
| 7,586 |
|
|
|
Total US Dollars |
|
|
| 4,752,183 |
| 36,243,960 |
|
|
|
|
|
|
|
|
|
Japanese Yen |
|
|
| JPY |
|
|
|
4.45% Bonds of 1995/02/23 |
| 2001 |
| 86,200,000 |
|
|
|
3.65% Bonds of 1995/5/9 |
| 2002 |
| 45,000,000 |
|
|
|
3.2% Bonds of 1995/6/7 |
| 2002 |
| 75,000,000 |
|
|
|
4.45% (AUD) Bonds of 1996/7/18 |
| 2002 |
| 5,000,000 |
|
|
|
3.5% Bonds of 1994/1/12 |
| 2004 |
| 41,500,000 |
|
|
|
4.05% (AUD) Bonds of 1996/5/30 |
| 2006 |
| 10,000,000 |
|
|
|
3.6% (AUD) Bonds of 1996/5/30 |
| 2006 |
| 10,000,000 |
|
|
|
3.6% (AUD) Bonds of 1996/7/11 |
| 2006 |
| 9,000,000 |
|
|
|
4% (AUD) Bonds of 1996/7/25 |
| 2006 |
| 10,000,000 |
|
|
|
4.1% (AUD) Bonds of 1996/7/25 |
| 2006 |
| 10,000,000 |
|
|
|
3.725% (AUD) Bonds of 1996/7/25 |
| 2006 |
| 10,000,000 |
|
|
|
4.1% (AUD) Bonds of 1996/8/14 |
| 2006 |
| 2,500,000 |
|
|
|
3.95% (AUD) Bonds of 1996/8/14 |
| 2006 |
| 4,200,000 |
|
|
|
3.4% (AUD) Bonds of 1997/5/6 |
| 2007 |
| 3,000,000 |
|
|
|
Total Japanese Yen |
|
|
| 321,400,000 |
| 24,397,693 |
|
|
|
|
|
|
|
|
|
Swiss Francs |
|
|
| CHF |
|
|
|
4.5% bonds of 1995/08/16 |
| 2001 |
| 200,000 |
|
|
|
4.375% Bonds of 1995/11/27 |
| 2002 |
| 150,000 |
|
|
|
4.75% Bonds of 1993/8/11 |
| 2003 |
| 500,000 |
|
|
|
4.5% Bonds of 1996/9/8 |
| 2006 |
| 200,000 |
|
|
|
4% Bonds of 1997/1/31 |
| 2007 |
| 200,000 |
|
|
|
4% Bonds of 1997/2/21 |
| 2007 |
| 300,000 |
|
|
|
Total Swiss Francs |
|
|
| 1,550,000 |
| 8,309,365 |
|
|
|
|
|
|
|
|
|
Pounds Sterling |
|
|
| GBP |
|
|
|
7.5% Bonds of 1997/1/30 |
| 2002 |
| 200,000 |
|
|
|
7.75% Bonds of 1996/10/3 |
| 2003 |
| 300,000 |
|
|
|
13.5% Bonds of 1983/1/19 |
| 2010 |
| 44,416 |
|
|
|
11% Bonds of 1984/10/17 |
| 2012 |
| 87,000 |
|
|
|
9.75% Bonds of 1985/11/20 |
| 2014 |
| 84,382 |
|
|
|
Total Pounds Sterling |
|
|
| 715,797 |
| 7,845,635 |
|
6
External Funded Debt as of December 31, 2000 (Continued)
(Payable in Foreign Currencies)
Title and Interest Rate |
| Year of Final Maturity |
| Principal |
| Equivalent in |
|
|
|
|
| (in thousands) |
| ||
Euro (original currency of issuance within brackets) |
|
|
| EUR |
|
|
|
5.375% Bonds of 1996/06/24 (NLG) |
| 2001 |
| 136,134 |
|
|
|
10% Bonds of 1996/02/08 (ITL) |
| 2001 |
| 257,833 |
|
|
|
5% Bonds of 1996/02/08 (DEM) |
| 2001 |
| 501,257 |
|
|
|
5.375% Bonds of 1996/07/02 (DEM) |
| 2001 |
| 383,468 |
|
|
|
5.625% Bonds of 1996/5/13 (DEM) |
| 2001 |
| 153,387 |
|
|
|
7.5% Bonds of 1995/4/11 (NLG) |
| 2002 |
| 113,445 |
|
|
|
7.125% Bonds of 1995/8/22 (LUF) |
| 2002 |
| 61,973 |
|
|
|
Bonds of 1996/4/9(3) (EUR) |
| 2002 |
| 40,054 |
|
|
|
Bonds of 1997/6/30(3) (ESP) |
| 2002 |
| 90,152 |
|
|
|
Zero Coupon Notes of 1993/4/1 (FFR) |
| 2003 |
| 293,147 |
|
|
|
Zero Coupon Notes of 1995/11/23 (LUF) |
| 2002 |
| 48,228 |
|
|
|
9.75% Bonds of 1993/8/6 (ITL) |
| 2003 |
| 82,943 |
|
|
|
5.75% Bonds of 1994/2/11(NGL) |
| 2004 |
| 207,321 |
|
|
|
Bonds of 1996/5/16(3) (ESP) |
| 2004 |
| 60,101 |
|
|
|
6.25% Bonds of 1996/2/20 (FFR) |
| 2004 |
| 452,659 |
|
|
|
5.375% Bonds of 1997/12/10 (LUF) |
| 2004 |
| 49,579 |
|
|
|
Zero Coupon Bonds of 1996/8/2 (ITL) |
| 2004 |
| 103,291 |
|
|
|
Bonds of 1997/2/20(3) (ESP) |
| 2005 |
| 78,132 |
|
|
|
7.35% Bonds of 1996/1/8 (ESP) |
| 2006 |
| 48,628 |
|
|
|
3.50% Bonds of 1999/2/9 (EUR) |
| 2006 |
| 2,500,000 |
|
|
|
Bonds of 1997/2/13(3) (FFR) |
| 2007 |
| 76,225 |
|
|
|
6.625% Bonds of 1996/9/30 (FFR) |
| 2008 |
| 457,347 |
|
|
|
6.5% Bonds of 1996/3/5 (DEM) |
| 2008 |
| 102,463 |
|
|
|
5.0% Bonds of 1998/1/28 (EUR) |
| 2009 |
| 3,000,000 |
|
|
|
9.405% Bonds of 1996/4/9 (ESP) |
| 2026 |
| 60,101 |
|
|
|
Total Euro |
|
|
| 9,357,868 |
| 82,558,976 |
|
|
|
|
|
|
|
|
|
Canadian Dollars |
|
|
| CAD |
|
|
|
6.75% Bonds of 1996/02/15 |
| 2001 |
| 200,000 |
|
|
|
6.875% Bonds of 1996/9/30 |
| 2002 |
| 100,000 |
|
|
|
8% Bonds of 1993/5/12 |
| 2003 |
| 286,780 |
|
|
|
7% Bonds of 1993/12/1 |
| 2008 |
| 350,000 |
|
|
|
Total Canadian Dollars |
|
|
| 936,780 |
| 5,365,874 |
|
|
|
|
|
|
|
|
|
Norwegian Kroner |
|
|
| NOK |
|
|
|
Bonds of 1997/3/4(3) |
| 2004 |
| 400,000 |
|
|
|
6.9% Bonds of 1995/12/5 |
| 2005 |
| 1,000,000 |
|
|
|
Total Norwegian Kroner |
|
|
| 1,400,000 |
| 1,473,640 |
|
|
|
|
|
|
|
|
|
Danish Kroner |
|
|
| DKK |
|
|
|
Zero coupon Bond of 1995/10/18 |
| 2001 |
| 324,500 |
|
|
|
6.5% Bonds of 1996/3/28 |
| 2002 |
| 400,000 |
|
|
|
4% Bonds of 1996/11/8 |
| 2002 |
| 500,000 |
|
|
|
4% Bonds of 1996/11/11 |
| 2002 |
| 500,000 |
|
|
|
4% Bonds of 1997/2/17 |
| 2004 |
| 900,000 |
|
|
|
Bonds of 1997/8/11(3) |
| 2005 |
| 400,000 |
|
|
|
4% Bonds of 1997/7/9 |
| 2005 |
| 700,000 |
|
|
|
Total Danish Kroner |
|
|
| 3,724,500 |
| 4,297,476 |
|
7
External Funded Debt as of December 31, 2000 (Continued)
(Payable in Foreign Currencies)
Title and Interest Rate |
| Year of Final |
| Principal |
| Equivalent in |
|
|
|
|
| (in thousands) |
| ||
Australian Dollar |
|
|
| AUD |
|
|
|
8.625% Bonds of 1996/05/15 |
| 2001 |
| 100,000 |
|
|
|
7.875% Bonds of 1997/4/23 |
| 2007 |
| 100,000 |
|
|
|
Total Australian Dollar |
|
|
| 200,000 |
| 1,136,680 |
|
|
|
|
|
|
|
|
|
New Zealand Dollar |
|
|
| NZD |
|
|
|
7.75% Bonds of 1997/6/17 |
| 2002 |
| 100,000 |
|
|
|
Total New Zealand Dollar |
|
|
| 100,000 |
| 537,750 |
|
|
|
|
|
|
|
|
|
Non public funded debt |
|
|
|
|
| 48,654,517,883 |
|
|
|
|
|
|
|
|
|
Total External Funded Debt |
|
|
|
|
| 220,821,569 |
|
|
|
|
|
|
|
|
|
Total of External Short Term Floating Debt(4) |
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
|
Unrealised currency gains/loss (5) |
|
|
|
|
| 18,824,300 |
|
|
|
|
|
|
|
|
|
Total debt denominated in foreign currency |
|
|
|
|
| 239,645,869 |
|
(1) Translation of amounts in foreign currencies to Swedish kronor has been made at exchange rates in effect as of December 31, 2000, as set forth in note (1) on page 9.
(2) Interest at the equivalent of 13.125% per annum.
(3) Special interest conditions.
(4) Eurocommercial Paper Programme of 1988.
(5) According to exchange rates per December 31, 2000.
8
External Debt Guaranteed by the Kingdom of Sweden as of December 31, 2000
(Payable in foreign currencies)
|
|
|
| Principal |
| Equivalent |
|
|
|
|
| (in thousands) |
| ||
Guarantees Issued by Riksgäldskontoret (the Swedish National Debt Office): |
|
|
|
|
|
|
|
Nordiska Investeringsbanken (Nordic Investment Bank) |
| EUR |
| 671,572 |
| 5,948,117 |
|
Swedegas AB (natural gas project) |
| DKK |
| 100,000 |
| 118,700 |
|
Sovereign States in Eastern and Central Europe |
| USD |
| 38,625 |
| 368,289 |
|
Sovereign States in Eastern and Central Europe |
| EUR |
| 20,157 |
| 178,526 |
|
Sweden House in St. Petersburg, Russia |
| USD |
| 13,602 |
| 129,695 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| DKK |
| 2,886,459 |
| 3,426,227 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| JPY |
| 43,000,000 |
| 3,575,450 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| GBP |
| 242,170 |
| 3,443,657 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| USD |
| 466,240 |
| 4,445,598 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| EUR |
| 440,962 |
| 3,905,597 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| NOK |
| 700,000 |
| 750,050 |
|
Öresundsbro Konsortiet (bridge and tunnel construction) |
| NZD |
| 39,400 |
| 165,283 |
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
| 26,455,189 |
|
|
|
|
|
|
|
|
|
Guarantees Issued by the Government: |
|
|
|
|
|
|
|
International Bank for Reconstruction and Development (IBRD) |
| USD |
| 1,696,200 |
| 16,173,267 |
|
Multilateral Investment Guarantee Agency (MIGA) |
| USD |
| 16,208 |
| 154,545 |
|
European Bank for Reconstruction and Development (EBRD) |
| EUR |
| 336,300 |
| 2,978,609 |
|
European Investment Bank (EIB) |
| EUR |
| 3,071,034 |
| 27,200,148 |
|
Council of Europe Development Bank (CEB) |
| EUR |
| 32,052 |
| 283,885 |
|
Nordic Investment Bank (NIB) |
| EUR |
| 2,118,226 |
| 18,761,128 |
|
Inter-American Development Bank (IDB) |
| USD |
| 314,807 |
| 3,001,688 |
|
Asian Development Bank (AsDB) |
| USD |
| 157,700 |
| 1,503,670 |
|
African Development Bank (AfDB) |
| USD |
| 364,668 |
| 3,477,105 |
|
Total |
|
|
|
|
| 73,534,045 |
|
|
|
|
|
|
|
|
|
Total External Guaranteed Debt |
|
|
|
|
| 99,989,234 |
|
(1) Translation of amounts in foreign currencies to Swedish kronor has been made at exchange rates in effect as of December 31, 2000 as follows: 9.5350 Swedish kronor per U.S. dollar, 14.22 Swedish kronor per British pound, 0.08315 Swedish kronor per Japanese yen, 8.8570 Swedish kronor per E.U. euro, 1.1870 Swedish kronor per Danish krona, 1.0715 Swedish kronor per Norwegian krona, 5.8202 Swedish kronor per Swiss franc, 6.2714 Swedish kronor per Canadian dollar, 5.3302 Swedish kronor per Australian dollar and 4.1950 Swedish kronor per New Zealand dollar.
9
4. a) As to each issue of securities of the registrant which is registered, there should be furnished a break-down of the total amount outstanding, as shown in Item 3, into the following:
(1) Total amount held by or for the account of the registrant.
The following have been repurchased by the issuer and cancelled and are no longer outstanding:
12% Bonds of 2/6/1985 due 2010 |
| $ | 127,754,000 |
|
11 1/8% Bonds with warrants of 6/12/1985, due 2015 |
| $ | 482,919,000 |
|
|
| $ | 610,673,000 |
|
(2) Total estimated amount held by nationals of the registrant (or if registrant is other than a national government by the nationals of its national government); this estimate need to be furnished only if it is practicable to do so.
Not practicable.
(3) Total amount otherwise outstanding.
12% Bonds of 2/6/1985, due 2010 |
| $ | 72,246,000 |
|
11 1/8% Bonds with warrants of 6/12/1985, due 2015 |
| $ | 117,081,000 |
|
6 1/2% Global Bonds of 1993, due 2003 |
| $ | 2,000,000,000 |
|
(b) If a substantial amount is set forth in answer to paragraph (a) (1) above, describe briefly the method employed by the registrant to reacquire such securities.
Securities bought in the market.
10
5. A statement as of the close of the last fiscal year of the registrant giving the estimated total of:
a) Internal floating indebtedness of the registrant.
(Total to be stated in the currency of the registrant).
Internal Floating Debt as of December 31, 2000
(Payable in Swedish Kronor)
|
| Principal amount outstanding |
|
|
| (in thousands of Skr) |
|
Treasury Bills(1) |
| 275,007,472 |
|
Overnight borrowing |
| 0 |
|
Repurchase agreements |
| 14,917,567 |
|
National Debt Account |
| 1,716,764 |
|
National Debt Savings |
| 7,519,395 |
|
Total Internal Floating Debt |
| 299,161,198 |
|
(1) At time of issue discounted amount.
RECAPITULATION OF INTERNAL DEBT:
Total Funded Debt |
| 740,397,935 |
|
Total Floating Debt |
| 299,161,198 |
|
|
|
|
|
Total Internal Debt |
| 1,039,559,133 |
|
11
b) External floating indebtedness of the registrant.
(Total to be stated in the respective currencies in which payable).
Title and Interest Rate |
|
|
| Principal |
| Equivalent in |
|
|
|
|
| (in thousands) |
| ||
US Dollars |
| USD |
|
|
|
|
|
Sovereign Notes of 1986(3) |
|
|
| 0 |
|
|
|
Eurocommercial Paper Program of 1988(4) |
|
|
| 0 |
|
|
|
Total US Dollars |
|
|
| 0 |
| 0 |
|
|
|
|
|
|
|
|
|
Euro |
| EUR |
|
|
|
|
|
Eurocommercial Paper program of 1989 |
|
|
| 0 |
|
|
|
Total Euro |
|
|
| 0 |
| 0 |
|
|
|
|
|
|
|
|
|
Pound Sterling |
| GBP |
|
|
|
|
|
Eurocommercial Paper Program of 1993(3) |
|
|
| 0 |
|
|
|
Total Pound Sterling |
|
|
| 0 |
| 0 |
|
|
|
|
|
|
|
|
|
Total External Floating Debt |
|
|
|
|
| 0 |
|
(1) Such debt does not include debt of State-owned companies, public enterprises or local authorities.
(2) Translation of amounts in foreign currencies to Swedish kronor has been made at exchange rates in effect as of December 31, 2000. See footnote (1), page 10.
(3) The notes are continuously offered in the United States with a maximum of 270 days. The interest on the notes is variable and a function of current market conditions at issuance.
(4) In addition to U.S. dollars, Swiss francs, Japanese yen and Pound sterling, the notes may also be issued in Euro, Australian dollars, Canadian dollars and Danish kroner with a maximum maturity of 365 days. The interest on the notes is variable and a function of market conditions at the time of issuance.
RECAPITULATION OF EXTERNAL DEBT:
Total External Funded Debt |
|
|
|
|
| 239,645,869 |
|
Total External Floating Debt |
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
|
Total External Debt |
|
|
|
|
| 239,645,869 |
|
12
6. Statements of the receipts, classified by source, and of the expenditures, classified by purpose, of the registrant for each fiscal year of the registrant ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue. (6)
Central Government Revenues and Expenditures
|
| Fiscal Years |
| ||||
|
| 1998 |
| 1999 |
| 2000 |
|
|
| (in millions of kronor) |
| ||||
REVENUES |
|
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Taxes on income, capital gains and profits(1) |
| 114,235 |
| 136,126 |
| 127,500 |
|
Statutory social securities fees |
| 210,857 |
| 232,757 |
| 225,900 |
|
Taxes on property |
| 35,133 |
| 39,209 |
| 38,300 |
|
Value added tax |
| 162,607 |
| 170,597 |
| 182,900 |
|
Petrol tax (2) |
| — |
| — |
| — |
|
Tobacco tax |
| 7,507 |
| 7,396 |
| 7,800 |
|
Alcoholic beverage tax |
| 9,962 |
| 10,599 |
| 10,900 |
|
Tax on energy consumption |
| 49,811 |
| 50,488 |
| 49,400 |
|
Taxes on road traffic |
| 6,103 |
| 6,421 |
| 6,900 |
|
Other taxes |
| 43,477 |
| 18,819 |
| 23,200 |
|
Total taxes |
| 639,692 |
| 672,411 |
| 672,800 |
|
Non-tax revenues |
|
|
|
|
|
|
|
Operating surpluses (3) |
| 13,865 |
| 10,313 |
| 13,700 |
|
Interest received by the Government |
| 1,652 |
| 2,215 |
| 3,100 |
|
Other non-tax revenues(4) |
| 21,936 |
| 21,603 |
| 28,700 |
|
Total non-tax revenues |
| 37,453 |
| 34,131 |
| 45,500 |
|
Capital revenues |
| 11,227 |
| 1,020 |
| 61,500 |
|
Loan repayment |
| 2,889 |
| 3,051 |
| 2,546 |
|
Computed revenues (5) |
| 5,165 |
| 5,194 |
| 8,600 |
|
Contributions from the European Union |
| 9,888 |
| 9,296 |
| 9,000 |
|
Total other revenues |
| 29,169 |
| 18,562 |
| 81,646 |
|
|
|
|
|
|
|
|
|
Total Revenues(6) |
| 706,314 |
| 725,104 |
| 799,946 |
|
|
| 1998 |
| 1999 |
| 2000 |
|
|
| (in millions of kronor) |
| ||||
(1) Net personal income taxes |
| 39,831 |
| 61,675 |
| 50,300 |
|
Corporate income taxes |
| 68,322 |
| 68,734 |
| 72,600 |
|
Other income taxes |
| 6,081 |
| 5,716 |
| 4,600 |
|
13
(2) From 1995/96 Petrol tax is included in tax on energy consumption.
(3) Primarily net surplus of public enterprises, other agencies and the Riksbank and income from lotteries, etc.
(4) Primarily revenues from real estate investments, dividends on state-owned shares, administrative fees and changes and revenues from sales.
(5) Primarily cash payments by public utilities to the Government representing depreciation on capital funds invested in them by the state and revenues and expenditures for Government pensions. Expenditures for Government pensions can be in excess of revenues and therefore the remainder of this revenue heading can show a deficit.
(6) No receipts/revenues are pledged or otherwise specifically allocated to any issue registered.
14
|
|
|
| Fiscal Years |
| ||||
|
|
|
| 1998 |
| 1999 |
| 2000 |
|
|
|
|
| (in millions of kronor) |
| ||||
EXPENDITURES |
|
|
|
|
|
|
| ||
1 |
| The Swedish political system |
| 4,328 |
| 4,541 |
| 4,820 |
|
2 |
| Economy and fiscal administration |
| 1,981 |
| 1,515 |
| 1,503 |
|
3 |
| Tax administration and collection |
| 5,864 |
| 5,953 |
| 6,170 |
|
4 |
| Justice |
| 21,413 |
| 22,262 |
| 23,317 |
|
5 |
| Foreign policy administration and international co-operation |
| 2,638 |
| 2,877 |
| 2,984 |
|
6 |
| Total defence |
| 42,399 |
| 44,264 |
| 46,165 |
|
7 |
| International development assistance |
| 11,479 |
| 12,418 |
| 15,317 |
|
8 |
| Immigrants and refugees |
| 4,186 |
| 4,402 |
| 4,472 |
|
9 |
| Health care, medical care, social services |
| 23,124 |
| 24,519 |
| 28,573 |
|
10 |
| Financial security in the event of illness and disability |
| 39,685 |
| 88,477 |
| 97,937 |
|
11 |
| Financial security in old age |
| 62,684 |
| 34,450 |
| 33,538 |
|
12 |
| Financial security for families and children |
| 35,910 |
| 41,175 |
| 44,596 |
|
13 |
| Financial security in the event of unemployment |
| 37,331 |
| 35,448 |
| 33,224 |
|
14 |
| Labour market and working life |
| 47,668 |
| 48,795 |
| 41,067 |
|
15 |
| Study support |
| 21,919 |
| 19,676 |
| 19,681 |
|
16 |
| Education and university research |
| 27,737 |
| 29,148 |
| 31,363 |
|
17 |
| Culture, the media, religious organisations and leisure |
| 7,342 |
| 7,554 |
| 7,589 |
|
18 |
| Planning, housing supply and construction |
| 22,371 |
| 17,172 |
| 11,867 |
|
19 |
| Regional balance and development |
| 3,437 |
| 3,720 |
| 3,006 |
|
20 |
| General environment and conservation |
| 1,372 |
| 1,632 |
| 1,701 |
|
21 |
| Energy |
| 867 |
| 1,101 |
| 1,731 |
|
22 |
| Communications |
| 27,348 |
| 25,629 |
| 25,345 |
|
23 |
| Agriculture and forestry, fisheries etc. |
| 11,836 |
| 11,925 |
| 9,739 |
|
24 |
| Business sector |
| 2,777 |
| 3,256 |
| 3,819 |
|
25 |
| General grant to municipalities |
| 96,784 |
| 102,542 |
| 97,535 |
|
26 |
| Interest on Central Government Dept. etc. |
| 113,405 |
| 89,885 |
| 90,213 |
|
27 |
| Contribution to the European Community |
| 21,210 |
| 20,884 |
| 22,295 |
|
|
| Total areas of expenditure |
| 699,094 |
| 705,222 |
| 709,567 |
|
|
|
|
|
|
|
|
|
|
|
|
| Budget deficit (excluding 9+10+11+12) |
| -7,220 |
| -19,882 |
| -90,379 |
|
|
| Transactions outside closed accounts |
| — |
| — |
|
|
|
|
| Net lending by Riksgäldskontoret |
| -2,828 |
| -17,933 |
| 23,914 |
|
|
| Adjustment to cash basis (7) |
| 386 |
| 858 |
| 9,600 |
|
|
| Transfer from the National Pension Fund(8) |
| — |
| -45,000 |
| -45,000 |
|
|
| Net borrowing requirement(9) |
| -9,662 |
| -81,957 |
| -101,865 |
|
(7) Excluding Transfer from National Pension Fund.
(8) The old-age pension reform has taken on a partially new role as of 1999. The funding responsibility for disability and survivor pensions has been transferred to the Central Government budget.
(9) As of 1997, the Net borrowing requirement is identical to the Central Government budget balance. A negative Net borrowing requirement is equivalent with a budget balance surplus.
15
7. (a) If any foreign exchange control, not previously reported, has been established by the registrant (of if the registrant is other than a national government, by its national government), briefly describe the effect of any such action not previously reported.
None.
(b) If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect of any such action, not previously reported.
Virtually all exchange control regulations were abolished on July 1, 1989. Foreign exchange control may, in accordance with the treaties of the European Union, only be reintroduced under certain extraordinary circumstances such as if Sweden is involved in a war.
8. Brief statements as of date reasonably close to the date of the filing of this report, (indicating such date) in respect of the note issue and gold reserves of the central bank of issue of the registrant, and of any further gold stocks held by the registrant.
(In Skr millions)
|
| July 31, 2001 |
|
Notes and coins (excluding bank holdings) |
| 94,018 |
|
Gold reserves of Sveriges Riksbank |
| 15,428 |
|
16
9. Statements of imports and exports of merchandise for each year ended since the close of the latest year for which such information was previously reported. The statements should be reasonably itemized so far as practicable as to commodities and as to countries. They should be set forth in terms of value and of weight or quantity; if statistics have been established only in terms of value, such will suffice.
Foreign trade by commodity Groups
|
| Year ended December 31, |
| ||||||||||
|
| 1998 |
| 1999 |
| 2000 |
| ||||||
|
| millions |
| % |
| millions |
| % |
| millions of |
| % |
|
Exports (f.o.b.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Food Products, Beverage and Tobacco |
| 17,546 |
| 2.6 |
| 18,453 |
| 2.6 |
| 20,332 |
| 2.5 |
|
Wood Products |
| 18,710 |
| 2.8 |
| 18,932 |
| 2.7 |
| 20,367 |
| 2.5 |
|
Pulp |
| 10,509 |
| 1.6 |
| 11,310 |
| 1.6 |
| 17,512 |
| 2.2 |
|
Paper and Board |
| 55,062 |
| 8.2 |
| 55,438 |
| 7.9 |
| 62,189 |
| 7.8 |
|
Petroleum Products |
| 9,715 |
| 1.4 |
| 14,813 |
| 2.1 |
| 26,178 |
| 3.3 |
|
Coal and other Fuels |
| 2,616 |
| 0.4 |
| 1,451 |
| 0.2 |
| 451 |
| 0.1 |
|
Iron and Steel |
| 33,462 |
| 5.0 |
| 31,351 |
| 4.5 |
| 37,256 |
| 4.7 |
|
Iron Ore |
| 4,259 |
| 0.6 |
| 2,939 |
| 0.4 |
| 3,579 |
| 0.4 |
|
Non-Ferrous Metals |
| 9,576 |
| 1.4 |
| 9,636 |
| 1.4 |
| 11,131 |
| 1.4 |
|
Other Minerals |
| 2,443 |
| 0.4 |
| 2,579 |
| 0.4 |
| 3,546 |
| 0.4 |
|
Other Raw Materials |
| 2,232 |
| 0.3 |
| 2,087 |
| 0.3 |
| 2,252 |
| 0.3 |
|
Manufactured Metal |
| 19,287 |
| 2.9 |
| 19,584 |
| 2.8 |
| 21,183 |
| 2.7 |
|
Machinery and Equipment |
| 234,974 |
| 34.8 |
| 255,898 |
| 36.5 |
| 294,679 |
| 36.9 |
|
Motor Vehicles and Spare Parts |
| 93,847 |
| 13.9 |
| 91,475 |
| 13.0 |
| 95,035 |
| 11.9 |
|
Ships |
| 2,798 |
| 0.4 |
| 1,223 |
| 0.2 |
| 3,257 |
| 0.4 |
|
Chemicals and Plastics |
| 60,514 |
| 9.0 |
| 66,039 |
| 9.4 |
| 73,900 |
| 9.2 |
|
Clothes, Shoes and Leather |
| 5,706 |
| 0.8 |
| 6,481 |
| 0.9 |
| 6,846 |
| 0.9 |
|
Other Manufactured Products |
| 73,313 |
| 10.9 |
| 74,996 |
| 10.7 |
| 79,889 |
| 10.0 |
|
Other Products |
| 830 |
| 0.1 |
| 829 |
| 0.1 |
| 782 |
| 0.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Exports before Adjustment |
| 657,398 |
| 97.4 |
| 685,516 |
| 97.7 |
| 780,365 |
| 97.6 |
|
Adjustment EU-trade(1) |
| 17,773 |
| 2.6 |
| 16,096 |
| 2.3 |
| 18,827 |
| 2.4 |
|
Total Exports |
| 675,171 |
| 100.0 |
| 701,612 |
| 100.0 |
| 799,192 |
| 100.0 |
|
(1) This adjustment of EU-trade cannot be broken down by commodity groups.
17
|
| Year ended December 31, |
| ||||||||||
|
| 1998 |
| 1999 |
| 2000 |
| ||||||
|
| millions of |
| % |
| millions |
| % |
| millions |
| % |
|
Imports (c.i.f.) by country of consignment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Food Products, Beverage and Tobacco |
| 36,631 |
| 6.7 |
| 38,465 |
| 6.8 |
| 39,333 |
| 5.9 |
|
Wood Products |
| 4,859 |
| 0.9 |
| 5,391 |
| 1.0 |
| 6,321 |
| 0.9 |
|
Pulpa |
| 1,509 |
| 0.3 |
| 1,785 |
| 0.3 |
| 2,365 |
| 0.4 |
|
Paper and Board |
| 7,248 |
| 1.3 |
| 7,501 |
| 1.3 |
| 8,699 |
| 1.3 |
|
Petroleum Products |
| 8,925 |
| 1.6 |
| 10,873 |
| 1.9 |
| 56,801 |
| 8.5 |
|
Crude Oil |
| 15,050 |
| 2.8 |
| 20,447 |
| 3.6 |
| 3,544 |
| 0.5 |
|
Coal and other Fuels |
| 4,345 |
| 0.8 |
| 2,517 |
| 0.4 |
| 22,606 |
| 3.4 |
|
Iron and Steel |
| 20,481 |
| 3.8 |
| 18,992 |
| 3.3 |
| 81 |
| 0.0 |
|
Non-Ferrous Metals |
| 10,333 |
| 1.9 |
| 9,774 |
| 1.7 |
| 12,487 |
| 1.9 |
|
Other Minerals |
| 4,176 |
| 0.8 |
| 3,722 |
| 0.7 |
| 6,192 |
| 0.9 |
|
Other Raw Materials |
| 5,780 |
| 1.1 |
| 5,902 |
| 1.0 |
| 6,371 |
| 0.9 |
|
Manufactured Metal |
| 15,280 |
| 2.8 |
| 15,495 |
| 2.7 |
| 16,814 |
| 2.5 |
|
Machinery and Equipment |
| 173,387 |
| 31.8 |
| 174,936 |
| 30.8 |
| 211,871 |
| 31.6 |
|
Motor Vehicles and Spare Parts |
| 57,332 |
| 10.5 |
| 64,652 |
| 11.4 |
| 73,986 |
| 11.0 |
|
Ships |
| 619 |
| 0.1 |
| 558 |
| 0.1 |
| 1,019 |
| 0.2 |
|
Chemicals and Plastics |
| 54,048 |
| 9.9 |
| 58,599 |
| 10.3 |
| 61,064 |
| 9.1 |
|
Clothes, Shoes and Leather |
| 21,837 |
| 4.0 |
| 22,531 |
| 4.0 |
| 24,428 |
| 3.6 |
|
Other Manufactured Products |
| 71,848 |
| 13.2 |
| 74,649 |
| 13.2 |
| 81,122 |
| 12.1 |
|
Other Products |
| 62 | �� | 0.0 |
| 49 |
| 0.0 |
| 146 |
| 0.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Imports before Adjustment |
| 513,749 |
| 94.3 |
| 536,838 |
| 94.7 |
| 635,249 |
| 94.6 |
|
Adjustment EU-trade(1) |
| 31,038 |
| 5.7 |
| 30,282 |
| 5.3 |
| 36,287 |
| 5.4 |
|
Total Imports |
| 544,787 |
| 100.0 |
| 567,120 |
| 100.0 |
| 671,536 |
| 100.0 |
|
(1) This adjustment of EU-trade cannot be broken down by commodity groups.
18
Geographic Distribution of Foreign Trade
The following table summarizes Sweden’s exports and imports by country and geographic area for the year 2000.
|
| Year ended December 31, |
| ||||||||||
|
| 1998 |
| 1999 |
| 2000 |
| ||||||
|
| millions |
| % |
| millions |
| % |
| millions |
| % |
|
Exports (f.o.b.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
European Union (EU) |
|
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom |
| 61,967 |
| 9.2 |
| 65,342 |
| 9.3 |
| 73,039 |
| 9.1 |
|
Germany |
| 73,741 |
| 10.9 |
| 74,608 |
| 10.6 |
| 84,857 |
| 10.6 |
|
Denmark |
| 39,296 |
| 5.8 |
| 39,062 |
| 5.6 |
| 42,988 |
| 5.4 |
|
Finland |
| 34,918 |
| 5.2 |
| 35,754 |
| 5.1 |
| 40,407 |
| 5.1 |
|
Other EU countries(1) |
| 164,152 |
| 24.3 |
| 179,114 |
| 25.5 |
| 187,959 |
| 23.5 |
|
Adjustment EU-trade(2) |
| 17,773 |
| 2.6 |
| 16,096 |
| 2.3 |
| 18,827 |
| 2.4 |
|
Total EU |
| 391,847 |
| 58.0 |
| 409,976 |
| 58.4 |
| 448,077 |
| 56.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
European Free Trade Association (EFTA) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Norway |
| 57,553 |
| 8.5 |
| 54,729 |
| 7.8 |
| 60,146 |
| 7.5 |
|
Other EFTA countries(3) |
| 13,035 |
| 1.9 |
| 11,613 |
| 1.7 |
| 11,005 |
| 1.4 |
|
Total EFTA |
| 70,588 |
| 10.5 |
| 66,342 |
| 9.5 |
| 71,151 |
| 8.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Central and Eastern Europe |
| 28,471 |
| 4.2 |
| 30,795 |
| 4.4 |
| 35,684 |
| 4.5 |
|
Russia |
| 6,047 |
| 0.9 |
| 4,119 |
| 0.6 |
| 5,076 |
| 0.6 |
|
United States |
| 57,751 |
| 8.6 |
| 64,261 |
| 9.2 |
| 75,349 |
| 9.4 |
|
Japan |
| 14,147 |
| 2.1 |
| 16,798 |
| 2.4 |
| 22,305 |
| 2.8 |
|
State trading countries in Asia and America |
| 12,991 |
| 1.9 |
| 13,324 |
| 1.9 |
| 17,881 |
| 2.2 |
|
OPEC countries |
| 12,502 |
| 1.9 |
| 7,683 |
| 1.1 |
| 13,092 |
| 1.6 |
|
Other countries |
| 80,827 |
| 12.0 |
| 88,315 |
| 12.6 |
| 110,577 |
| 13.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Exports |
| 675,171 |
| 100.0 |
| 701,612 |
| 100.0 |
| 799,192 |
| 100.0 |
|
(1) France, Netherlands, Belgium, Luxembourg, Italy, Ireland, Greece, Spain, Portugal and Austria.
(2) The adjustment of EU-trade cannot be specified by EU-countries.
(3) Switzerland, Liechtenstein and Iceland.
19
|
| Year ended December 31, |
| ||||||||||
|
| 1998 |
| 1999 |
| 2000 |
| ||||||
|
| millions of |
| % |
| million |
| % |
| millions |
| % |
|
Imports (c.i.f.) by country of consignment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
European Union (EU) |
| 53,802 |
| 9.9 |
| 55,303 |
| 9.8 |
| 59,357 |
| 8.8 |
|
United Kingdom |
| 96,903 |
| 17.8 |
| 95,091 |
| 16.8 |
| 110,063 |
| 16.4 |
|
Germany |
| 33,633 |
| 6.2 |
| 37,398 |
| 6.6 |
| 45,460 |
| 6.8 |
|
Denmark |
| 26,804 |
| 4.9 |
| 29,506 |
| 5.2 |
| 34,505 |
| 5.1 |
|
Finland |
| 141,157 |
| 25.9 |
| 144,06 |
| 25.4 |
| 157,169 |
| 23.4 |
|
Other EU countries(1) |
| 31,038 |
| 5.7 |
| 30,282 |
| 5.3 |
| 36,287 |
| 5.4 |
|
Adjustment EU-trade(2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total EU |
| 383,33 |
| 70.4 |
| 391,64 |
| 69.1 |
| 442,841 |
| 65.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
European Free Trade Association (EFTA) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Norway |
| 38,807 |
| 7.1 |
| 42,370 |
| 7.5 |
| 54,972 |
| 8.2 |
|
Other EFTA countries(3) |
| 8,899 |
| 1.6 |
| 9,640 |
| 1.7 |
| 9,121 |
| 1.4 |
|
Total EFTA |
| 47,705 |
| 8.8 |
| 52,010 |
| 9.2 |
| 64,093 |
| 9.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Central and Eastern Europe |
| 20,224 |
| 3.7 |
| 22,449 |
| 4.0 |
| 31,061 |
| 4.6 |
|
Russia |
| 3,286 |
| 0.6 |
| 4,337 |
| 0.8 |
| 5,008 |
| 0.7 |
|
United States |
| 31,870 |
| 5.8 |
| 33,248 |
| 5.9 |
| 44,726 |
| 6.7 |
|
Japan |
| 13,272 |
| 2.4 |
| 16,179 |
| 2.9 |
| 19,714 |
| 2.9 |
|
State trading countries in Asia and America |
| 5,584 |
| 1.0 |
| 6,847 |
| 1.2 |
| 9,620 |
| 1.4 |
|
OPEC countries |
| 4,636 |
| 0.9 |
| 4,660 |
| 0.8 |
| 7,364 |
| 1.1 |
|
Other countries |
| 34,874 |
| 6.4 |
| 35,748 |
| 6.3 |
| 47,109 |
| 7.0 |
|
Total Imports |
| 567,127 |
| 100.0 |
| 567,120 |
| 100.0 |
| 671,536 |
| 100.0 |
|
(1) France, Netherlands, Belgium, Luxembourg, Italy, Ireland, Greece, Spain, Portugal and Austria.
(2) The adjustment of EU-trade cannot be specified by EU-countries.
(3) Switzerland, Liechtenstein and Iceland.
20
10. The balances of international payments of the registrant for each year ended since the close of the latest year for which such information was previously reported. The statements of such balances should conform, if possible, to the nomenclature and form used in the “Statistical Handbook of the League of Nations”. (These statements need to be furnished only if the registrant has published balances of international payments).
Balance of Payments
|
| Year ended December 31, |
| ||||
|
| 1998 |
| 1999 |
| 2000 |
|
|
| (in billions of kronor) |
| ||||
CURRENT ACCOUNT |
| 65.0 |
| 71.7 |
| 70.0 |
|
Trade in goods (f.o.b. - f.o.b.) |
| 139.0 |
| 137.6 |
| 136.7 |
|
Net trade of goods |
| 130.1 |
| 132.7 |
| 129.8 |
|
Correction items |
| 8.9 |
| 4.9 |
| 6.9 |
|
|
|
|
|
|
|
|
|
Services |
| -20.4 |
| -19.4 |
| -23.8 |
|
Transportation |
| 4.6 |
| 9.9 |
| 11.9 |
|
Travel |
| -27.9 |
| -32.0 |
| -36.4 |
|
Other services |
| 2.9 |
| 2.7 |
| 0.7 |
|
|
|
|
|
|
|
|
|
Compensation of employees |
| -2.5 |
| -2.2 |
| -1.7 |
|
Investment income |
| -23.5 |
| -14.6 |
| -10.6 |
|
Direct investment |
| 40.6 |
| 41.2 |
| 42.8 |
|
Portfolio investment excl. financial derivatives |
| -50.6 |
| -42.8 |
| -36.9 |
|
Income on equity |
| -5.7 |
| 0.9 |
| -0.8 |
|
Income on debt (interest) |
| -44.9 |
| -43.7 |
| -36.1 |
|
Other investment |
| -13.4 |
| -12.9 |
| -16.5 |
|
Current transfers |
| -27.7 |
| -29.7 |
| -30.6 |
|
Contributions etc. to/from the EU |
| -19.2 |
| -19.3 |
| -20.9 |
|
Development assistance grants |
| -4.3 |
| -5.3 |
| -5.8 |
|
Other current transfers |
| -4.2 |
| -5.0 |
| -3.9 |
|
CAPITAL ACCOUNT |
| 6.5 |
| -18.1 |
| 3.4 |
|
Contributions etc. to/from the EU |
| 7.8 |
| 8.1 |
| 8.2 |
|
Development assistance grants, investment |
| -2.6 |
| -2.4 |
| -3.0 |
|
Other |
| 1.2 |
| -23.8 |
| -1.8 |
|
FINANCIAL ACCOUNT |
| -12.6 |
| -43.8 |
| -3.9 |
|
Direct investment |
| -38.2 |
| 321.6 |
| -157.7 |
|
Abroad |
| -193.7 |
| -181.2 |
| -371.8 |
|
Equity capital |
| -122.7 |
| -70.2 |
| -225.8 |
|
Loans etc. |
| -26.3 |
| -41.3 |
| -63.4 |
|
Reinvested earnings |
| -44.7 |
| -69.7 |
| -82.7 |
|
In Sweden |
| 155.5 |
| 502.8 |
| 214.1 |
|
Equity capital |
| 117.4 |
| 387.8 |
| 107.5 |
|
Loans etc. |
| 18.3 |
| 82.2 |
| 77.7 |
|
Reinvested earnings |
| 19.8 |
| 32.8 |
| 28.9 |
|
Portfolio investment excl. financial derivatives |
| -118.4 |
| -295.0 |
| -28.4 |
|
Assets (change in Swedish inv. abroad) |
| -141.1 |
| -308.9 |
| -112.6 |
|
Equity securities |
| -59.0 |
| -251.1 |
| 8.3 |
|
Debt securities |
| -82.1 |
| -57.7 |
| -120.9 |
|
Liabilities (change in foreign investment in Sweden) |
| 22.8 |
| 13.9 |
| 84.1 |
|
Equity securities |
| -2.8 |
| -32.8 |
| 158.6 |
|
Debt securities |
| 25.6 |
| 46.7 |
| -74.5 |
|
Financial derivatives |
| -19.6 |
| -0.8 |
| -3.5 |
|
Other investment |
| 189.6 |
| -52.9 |
| 188.0 |
|
Assets (change in Swedish investments abroad) |
| -47.3 |
| -84.5 |
| -141.9 |
|
Loans |
| -47.9 |
| -71.9 |
| -126.9 |
|
Trade credits & Other |
| 0.6 |
| -12.6 |
| -15.1 |
|
Liabilities (change in foreign investments in Sweden) |
| 237.0 |
| 31.7 |
| 329.9 |
|
Loans |
| 226.6 |
| 9.9 |
| 308.5 |
|
Trade credits & Other |
| 10.3 |
| 21.7 |
| 21.4 |
|
Reserve assets |
| -26.2 |
| -16.7 |
| -2.3 |
|
NET ERRORS AND OMISSIONS |
| -58.8 |
| -9.8 |
| -69.4 |
|
21
This annual report comprises:
a) Pages numbered 1 to 23 consecutively.
b) The following exhibits:
Exhibit a) None
Exhibit b) None
Exhibit c) Revised Budget Statement
This annual report is filed subject to the Instructions for Form 18-K for Foreign Governments and Political Subdivisions thereof.
22
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, at Stockholm Sweden, on the February 2003.
Kingdom of Sweden |
| ||
Acting through Riksgäldskontoret |
| ||
|
| ||
By: | /s/ Erik Thedéen |
|
|
| Erik Thedéen |
| |
| Deputy Director General |
| |
|
| ||
By: | /s/ Anne Gynnerstedt |
|
|
| Anne Gynnerstedt |
| |
| General Counsel |
| |
23
