Annual Report 2012 - ATG
Annual Report 2012 - ATG
Annual Report 2012 - ATG
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POSTAL ADDRESS<br />
Ab TrAv och GAlopp<br />
SE-161 89 STocKholM<br />
SWEDEN<br />
TELEPHONE<br />
+46 8 627 20 00<br />
VISITING ADDRESS<br />
häSTSporTENS huS<br />
SolvAllA<br />
WWW.<strong>ATG</strong>.SE/ENGLISH<br />
ANNUAL REPORT<br />
AkTIEbOLAGET<br />
<strong>2012</strong><br />
TRAV OcH GALOPP
PAGE 2 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT
CONTENTS<br />
<strong>ATG</strong> in brief 4<br />
From the CEO 6<br />
New CEO 8<br />
Betting security 10<br />
Responsible gambling 14<br />
Sponsor concept 16<br />
Gambling market 20<br />
Operations 22<br />
<strong>ATG</strong>’s betting products 32<br />
The Chairman’s view 34<br />
Key indicators 35<br />
Administration <strong>Report</strong> 36<br />
Accounts 40<br />
Notes 44<br />
Auditor’s report 52<br />
Board of Directors 54<br />
Executive Management 55<br />
Financial allocation 56<br />
Statistics 58<br />
<strong>ATG</strong> 2011 // ÅRSREDOVISNING // SIDA 3
PAGE 4 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
<strong>ATG</strong> IN BRIEF<br />
Ab Trav och Galopp, <strong>ATG</strong> was established in 1974.<br />
The background to this move was that trotting and<br />
thoroughbred horse racing in Sweden was in a crisis<br />
and the Swedish Government – through the establishment<br />
of <strong>ATG</strong> and the gambling model that continues to<br />
apply today – wished to ensure the long-term financial<br />
conditions for trotting and thoroughbred racing. <strong>ATG</strong>’s<br />
success on the gambling market and the resulting surplus<br />
have made a major contribution to giving Sweden<br />
high-class horse racing in general and outstanding<br />
trotting in particular. The surplus from gambling also<br />
favours other sectors of the equine industry. horses<br />
and horse racing have developed an event-driven sector<br />
that employs thousands of people nationwide – a<br />
sector of significant financial importance, and to which<br />
<strong>ATG</strong> makes a substantial contribution. That’s why we<br />
refer to <strong>ATG</strong> as the equine industry’s best friend.<br />
Trend in turnover, SEk m<br />
14,000<br />
12,000<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
0<br />
1970<br />
1980<br />
TRACKS AGENTS E-CHANNELS<br />
1990<br />
However, <strong>ATG</strong>’s mandate is primarily to secure<br />
the long-term conditions for Swedish trotting and<br />
thoroughbred racing with a favourable geographic<br />
spread. <strong>ATG</strong> is 90-per cent owned by the Swedish<br />
Trotting Association (ST), with the Swedish Jockey<br />
club (SG) holding the remaining 10 per cent, but is<br />
controlled by the Government via the composition of<br />
the board. ST and SG appoint five members to <strong>ATG</strong>’s<br />
board while the Government appoints six members,<br />
one of whom is the board chairman. <strong>ATG</strong> has a licence<br />
from the Swedish Government to arrange betting on<br />
horses, and this license regulates the conditions for<br />
gambling. The company offers betting at about 1,850<br />
betting shops, and at 37 trotting and thoroughbred<br />
race tracks, as well as on the Internet and by mobile<br />
devices. In addition, betting is conveyed from 19 other<br />
countries via local partners. In <strong>2012</strong>, <strong>ATG</strong> reported a<br />
turnover of SEK 12.4 billion from betting in Sweden, in<br />
addition to SEK 2.5 billion on betting via international<br />
partners. The major share of <strong>ATG</strong>’s turnover reverts to<br />
the players in the form of winnings (SEK 8.7 billion).<br />
The net surplus is distributed between the Government<br />
(SEK 1.4 billion, including funds to hNS) and trotting<br />
and thoroughbred racing (SEK 1.7 billion). <strong>ATG</strong> not<br />
only contributes to trotting and thoroughbred racing<br />
but also to other equine sports through, for example,<br />
contributions to the Swedish horse council Foundation<br />
(hNS).<br />
2000<br />
<strong>2012</strong><br />
14,000<br />
12,000<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
0
<strong>ATG</strong> IN FIGURES<br />
KEY INDICATORS, ÖVRIGT SEK m3% BINGOLOTTO 2%<br />
Turnover<br />
POSTKODLOTTERIET 7%<br />
2008<br />
12,420<br />
2011<br />
13,111<br />
2010 2009<br />
ÖVRIGA EUROPA 10%<br />
12,804 12,688<br />
2008<br />
11,972<br />
Tracks<br />
<strong>ATG</strong> 31%<br />
Agents<br />
SVENSKA SPEL<br />
INKL. POKER 54%<br />
600<br />
6,883<br />
699<br />
7,605<br />
719<br />
7,822<br />
817<br />
8,197<br />
918<br />
8,108<br />
E-channels 4,936 4,807 4,262 FINLAND 9% 3,673 2,946<br />
International 2,520 2,141 1,756<br />
REST OF<br />
1,572 1,332<br />
Number of active <strong>ATG</strong> accounts 223,752 219,667 202,521 THE WORLD 188,749 21% 155,711<br />
Number CASINO of employees, Group, including Kanal 75<br />
COSMOPOL 3%<br />
– of which <strong>ATG</strong><br />
252<br />
210<br />
242<br />
200<br />
232<br />
190<br />
236<br />
195<br />
246<br />
201<br />
Contribution to horse racing 1,719 1,687 1,639 1,516<br />
DENMARK 18%<br />
1,520<br />
<strong>ATG</strong>’s turnover by sales channel<br />
E-CHANNELS 40%<br />
TRACKS 5%<br />
Den ekonomiska fördelningen<br />
AGENTS 55%<br />
PLAYERS SEK 70 THE STATE<br />
SEK 11<br />
Market shares on the regulated<br />
Swedish gambling market<br />
FOLKSPEL INCLUDING<br />
BINGOLOTTO 2%<br />
BINGO 2%<br />
THE SWEDISH<br />
POSTCODE LOTTERY 7%<br />
<strong>ATG</strong> 30%<br />
CASINO COSMOPOL 3%<br />
E-CHANNELS 40%<br />
<strong>ATG</strong><br />
SEK 6<br />
TRACKS 5%<br />
THE SPORT<br />
SEK 13<br />
In <strong>2012</strong>, <strong>ATG</strong> reported a turnover of SEK 12.4 billion, which was the fourth highest ever figure, but it<br />
was down 5.3 per cent from the preceding year. When winnings and taxes are paid and <strong>ATG</strong>’s operations<br />
are covered, the remaining surplus is recycled to the equine sector. Thanks to earnings in <strong>2012</strong>, horse<br />
racing industry will be allocated more than SEK 1.7 billion during 2013.<br />
OTHER 5%<br />
OTHER 12%<br />
SVENSKA SPEL<br />
INCL. POKER 51%<br />
TRIFECTA 8%<br />
QUINELLA 12%<br />
V65 11%<br />
AGENTS 55%<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 5<br />
V75<br />
DD/LD
FROm THE CEO<br />
After eight years of growth, <strong>ATG</strong>’s record run ended in <strong>2012</strong>. Turnover<br />
fell 5 per cent to SEK 12.4 billion in the Swedish market.<br />
PAGE 6 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
However, a new strong “export year,” where international<br />
betting on our races once again rose about 20<br />
per cent, meant that we could achieve SEK 15 billion<br />
in total turnover. but income was, of course, markedly<br />
impacted by the decline in the Swedish market.<br />
The year was turbulent in many respects. our competitors,<br />
both legal and illegal, intensified competition in new<br />
massive marketing campaigns and the war in the “sports<br />
betting segment” saw the extent of both pools and<br />
individual betting products expand. Naturally, we felt the<br />
effects of this in a total market of very low growth.<br />
We were also affected by fewer jackpots, the olympic<br />
Games and Euro <strong>2012</strong> in football, slightly weaker<br />
market communication, an unfortunate legitimacy<br />
debate regarding “betting after the event has started”<br />
and large international jackpots. The two latter points<br />
were not linked to any impropriety, but incurred a<br />
strenuous discussion with many customers.<br />
Accordingly, we were highly gratified when a new nationwide<br />
survey in the autumn revealed that we were<br />
still the gambling company with by far the highest<br />
level of trust among our customers. The highly-respected<br />
survey company orvesto also stated that we had<br />
reached 2.5 million customers during the year. This<br />
was very pleasing since we have previously fluctuated<br />
between 2 and 2.4 million customers.<br />
In online betting, we surpassed, for the first time, the<br />
milestone of 500,000 own account customers by a<br />
clear margin. This suggests that we are continuing to<br />
work in the right way. our marketplaces, betting shops,<br />
racetracks, the Internet and now also mobile telephones<br />
are continuing to perform tremendously well<br />
and are attracting many customers and new people.<br />
betting together, for example in what is known as<br />
syndicate betting, has become very popular and v75<br />
on Saturdays is now a social arena for more than a million<br />
people. The fact that 90 per cent of our customers<br />
also participate in other betting activities is a challenge<br />
we have learned to live with.<br />
A more unfortunate aspect for us is that the customer<br />
base in the entire industry appears to be diminishing.<br />
orvesto established that five million people over the<br />
age of 18 out of a total of 6.8 million, participated in<br />
some form of gambling over the past year, corresponding<br />
to 73 per cent of the population and, despite its<br />
size, it is the lowest figure in more than 30 years.<br />
In other words, the entertainment industry, of which<br />
betting is a part, is extremely tough. people make use<br />
of it but not as frequently as in the past. They need to<br />
save their money for more than one experience.<br />
This places immense pressure on companies such as ourselves<br />
to continuously enhance the gambling experience.<br />
It should be fun even if you lose. We need to offer more<br />
experiences than simply the chance to win cash prizes. It<br />
also needs to be balanced with widespread responsible<br />
gambling and respect for the individual’s actions.<br />
Trotting and thoroughbred racing already has a<br />
wonderful experience at its heart, something our<br />
customers can confirm. Nothing is more thrilling or<br />
exhilarating than betting on horses. but our customers<br />
also want us to be more open and inviting. Many feel<br />
excluded when they visit our marketplaces. They do<br />
not understand our products or our language.<br />
This is nothing new to us. It is our eternal challenge.<br />
but now the situation is very serious. unless our horse<br />
racing and betting can find a place in our new world<br />
of demands for experiences and social activities, the<br />
future may be harsher than it needs to be. I believe<br />
that together with the racing industry we have started<br />
a robust process in this direction. We are well-equipped<br />
and have the finances in place. We also have the<br />
necessary culture of devoted people at all levels. And<br />
we certainly have no shortage of ideas. It is only the<br />
tempo we need to increase.<br />
unfortunately, horse racing across the world is<br />
buckling under increasing pressure from competition.<br />
Trotting in Europe, for example, has been practically<br />
eradicated in Germany and now also in Italy. France,<br />
Sweden and Norway are rays of hope. It is easy to see<br />
why it is hard to resist the power when horse racing<br />
and betting are held together in strong, central organisations.<br />
others will collapse and disappear.
however, the political fumbling concerning the entire<br />
issue of betting in Europe could cost horse racing<br />
dearly. Trotting and thoroughbred racing have mainly<br />
been financed by betting for nearly 100 years. A clever<br />
betting model called totalisator has led to a stable<br />
surplus of great significance. customers bet with each<br />
other. The winners split the losers’ money. The organiser<br />
takes no risks and does not need to worry about<br />
the outcome of the game. It is a model of integrity and<br />
high gambling security, where deductions and surpluses<br />
are clear. And in the case of horse racing, bets are<br />
only made on own races.<br />
It is time for the politicians to retake command of the<br />
gambling industry, create the frameworks for products<br />
and surpluses on equal terms for the entire market,<br />
and above all to ensure that all sport used in gambling<br />
receives a reasonable portion of the surplus. That is<br />
not the case today. New political decisions are needed,<br />
then Europe’s courts will have to act accordingly. how<br />
hard can it be?<br />
Sweden has a unique opportunity to set the agenda.<br />
We have not made a decision yet but could, for example,<br />
lead the way with France which is already on<br />
track. The solutions are there. It is time to be bold and<br />
act.<br />
hopes of a quick solution are still up in the air. That is<br />
why we need to continue fighting in a war of unfair<br />
conditions and premises. Swedish trotting and<br />
thoroughbred racing will implement new rationalisation<br />
and efficiency-enhancement measures in 2013.<br />
This action is essential from all points of view, and<br />
is particularly strong when initiatives come from the<br />
bottom up. Several racetracks have already started<br />
interesting partnerships, and horse racing has directed<br />
its focus to the conditions of a broad base in difficult<br />
economic times. This feels right.<br />
Above all, <strong>ATG</strong> and horse racing must develop relationships<br />
with customers. Today, everything is based<br />
on the customer perspective, not <strong>ATG</strong>’s. If we are to<br />
find a place in people’s lives as customers, spectators<br />
and horse owners, we need to think innovatively – and<br />
we are. Many new and robust initiatives are in the<br />
pipeline. Accordingly, there is absolutely no reason<br />
to paint a glum picture of the future. horse racing is<br />
a friend that unites and attracts far beyond what we<br />
previously thought it could. We simply have to roll up<br />
our sleeves and continue to work hard – in new ways<br />
and with new tools.<br />
remy Nilson<br />
cEo <strong>ATG</strong> <strong>2012</strong><br />
Scan the QR code with your<br />
smartphone and watch Remy talk<br />
about his years at <strong>ATG</strong>.<br />
Part 1 Part 2<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 7
NEW CEO<br />
An Excel-loving hockey player with poor grades from upper-<br />
secondary school who digitalised Swedish television in a goal-<br />
oriented manner and has a favourite horse named Han Pärup.<br />
Meet Hans Skarplöth, the new CEO of <strong>ATG</strong>.<br />
PAGE 8 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
At the time of this interview, you have been at <strong>ATG</strong><br />
for just two weeks. How has it been?<br />
“Exciting! What has struck me in particular is the enormous<br />
warmth, passion and commitment from all of the<br />
people I have met – from horse owners to customers.”<br />
What is your background?<br />
“I was born and grew up in haninge, a suburb of Stockholm.<br />
I played a lot of hockey when I was younger,<br />
perhaps a bit too much since my grades from uppersecondary<br />
school were not the best. I then studied<br />
economics at Mälardalen university, then I worked in<br />
sales at philip Morris before I became responsible for<br />
viasat’s in-store sales. It was a thrilling time when the<br />
entire television market transitioned from analogue<br />
to digital broadcasts. I later became the president of<br />
both viasat Sweden and viasat Nordic. I am married<br />
and have three sons. I am hugely interested in sport<br />
and I am the goalkeeper coach for one of my sons’<br />
hockey team.”<br />
What was it about <strong>ATG</strong> that attracted you?<br />
“I actually had no plans to leave viasat. I had said no<br />
to all of the job offers I had received over the previous<br />
seven years. but when I was asked to be the president<br />
of <strong>ATG</strong> I immediately thought ‘that is what I want to<br />
do.’ <strong>ATG</strong> is a large company with many commercial<br />
challenges where turnover need to be maximised and<br />
market shares increased. I was attracted by this very<br />
challenge.”<br />
How are you as a manager?<br />
“I like clear goals that can be measured. I am not a<br />
one man show; the key goals must be firmly established<br />
throughout the organisation. My task is then to<br />
ensure that most of the decisions we make today are<br />
all pointing in the same direction.”<br />
What about your interest in horse racing?<br />
“I followed trotting closely between the ages of 18<br />
and 25. Then my job and my family took over and I<br />
have since only followed horse racing at a distance.<br />
What attracted me back then was all of the exciting<br />
details associated with horse racing, from photo finishes<br />
to champion horses, and trotting is just fantastic<br />
for an Excel-loving guy like myself with all the statis-<br />
tics. I often went to Solvalla racetrack with my friends<br />
and had a ’betting company’ with my parents and<br />
grandparents. I made a few small winnings. My favourite<br />
horses were Torbjörn Jansson’s Meadow road and<br />
han pärup trained by Fredrik Widman.”<br />
Welcome to <strong>ATG</strong> – and good luck!<br />
“Thank you. I am genuinely inspired!”<br />
FAcTS<br />
Name: Hans Skarplöth<br />
Age: 40<br />
Marital status: Married, three children<br />
Lives: Haninge, south of Stockholm<br />
Former positions:<br />
CEO of Viasat Nordic 2011–<strong>2012</strong>,<br />
CEO Viasat AB 2008–2011<br />
Sales Director Viasat AB 2006–2007<br />
Head of Sales, in-store, Viasat AB 2005–2006<br />
Head of Sales Philip Morris 2002–2005
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 9
BETTING SECURITY<br />
From champion horses and ecstatic winners of millions to Daily<br />
Double’s 25th anniversary celebrations. As usual, betting on<br />
horses created blazing headlines over the past year.<br />
PAGE 10 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
but <strong>2012</strong> was also the year that <strong>ATG</strong> was hit by negative<br />
news stories.<br />
“of all the companies in the world that arrange betting<br />
on horses, I would claim that <strong>ATG</strong> is among the<br />
leaders in betting security. however, <strong>2012</strong> very clearly<br />
showed that we can improve in this area,” says Magnus<br />
lunner, head of Security at <strong>ATG</strong>.<br />
Every year, <strong>ATG</strong> arranges betting for about 10,000<br />
Swedish races and jointly with foreign partners approximately<br />
a further 2,300 races. In total over the<br />
year, about 200 million bets are placed on all of these<br />
races.<br />
“There is a basic requirement that is above all other<br />
requirements: betting on horses in a race that has<br />
already started or that has finished is not permitted.<br />
We failed to meet this requirement on two occasions in<br />
<strong>2012</strong>,” says Magnus lunner.<br />
The first occurrence was in February when customers<br />
could bet during and after a race that had already finished<br />
at the charlottenlund trotting track in Denmark.<br />
“A race operator at the track was connected to our<br />
betting system. once the race had started he sent a<br />
“close” signal via the computer to the betting system.<br />
This signal did not get through. The race operator did<br />
not discover the error until only 500 m of the race was<br />
left and there was not enough time to close betting<br />
before the horses had passed the finishing post. Winning<br />
bets placed during and after the race had their<br />
winnings paid,” says Magnus lunner.<br />
The second incident took place in Åmål in September,<br />
and was similar to the charlottenlund case.<br />
“The race operator in charge at the track had closed<br />
the race but the signal did not reach the betting<br />
system, and the automatic closing function on the<br />
track that is meant to come into effect did not work<br />
either. The race operator then tried to call <strong>ATG</strong> but it<br />
took four minutes to contact the necessary person and<br />
then close betting. All winning bets placed during and<br />
after the race were paid in this case also,” says Magnus<br />
lunner.<br />
Magnus lunner says that “there was complete shock in<br />
the entire company” and <strong>ATG</strong>’s president remy Nilson<br />
described the entire situation as “the worst thing that<br />
has happened during my 25 years at <strong>ATG</strong>.”<br />
“We stand and fall with our customers trusting that<br />
we can guarantee betting security. We have never<br />
experienced any such problems over the years, and<br />
then bang, it happens twice in quick succession. It was<br />
a real wake-up call for the entire organisation,” says<br />
Magnus lunner.<br />
The entire management system for <strong>ATG</strong>’s security issues,<br />
including betting security, follow an international<br />
ISo standard. however, these two incidents meant<br />
that the supervisory authority, the Swedish Gambling<br />
Authority, demanded new security procedures to be<br />
introduced at <strong>ATG</strong>.<br />
“We took robust action, both in the short and long<br />
term, following these events. The new procedures for<br />
Swedish and international betting (see page 12) were<br />
put in place immediately. over the course of the year<br />
we will also improve the quality of our technical hardware<br />
and software. For example, we are working on<br />
further developing the automatic closing function and<br />
communication with the betting system,” says Magnus<br />
lunner.<br />
The organisation has also been reviewed and new<br />
work processes and roles have been established. one<br />
of the first steps was centralising the duties of the<br />
race operator to <strong>ATG</strong>’s head office for racetracks with<br />
fewer than 30 race meetings per year.<br />
“We want the race operator at the track to work<br />
continuously, which is why we have transferred the<br />
role from racetracks that have fewer races. In addition,<br />
the closer the betting system is to the race operator<br />
in charge, the lower the risk that something will go<br />
wrong,” says Magnus lunner.
In the wake of the events in charlottenlund and Åmål,<br />
customers also criticised that the odds changed during<br />
the course of the race despite betting having closed.<br />
“The answer is simple – it is perfectly natural that the<br />
odds change. When the race starts and betting is closed<br />
there is a delay before all bets from both Sweden<br />
and our international partners are compiled, the odds<br />
calculated and information sent to large screens, television<br />
graphics and computers. The length of this delay<br />
depends on the type of connection being used. If as a<br />
customer you have a bad connection it may seem that<br />
the odds change in the middle of the race. but we are<br />
also investigating improvements here and are looking<br />
into reducing the perception of odds changing,” says<br />
Magnus lunner.<br />
The perception of “changed” odds is a result of new<br />
betting patterns among customers. until 2007 only<br />
track customers and a handful of <strong>ATG</strong> agents could bet<br />
on v75 until the first race started. other customers<br />
could bet on the Internet or at betting shops where<br />
they had to submit their bets 30 minutes before the<br />
race started.<br />
“complexity has increased. Today, we are ‘live’ in all<br />
channels in all races and betting up until the race<br />
starts. customers, that are now all over the world,<br />
want as much information as quickly as possible. We<br />
also launched functions that make it possible to submit<br />
batch betting that can comprise several thousand<br />
smaller systems. The volume of data that passes through<br />
the betting system in the final two hours before<br />
a v75 race starts is huge,” says Magnus lunner.<br />
The internationalisation of <strong>ATG</strong>’s products also became<br />
a focal point during the Elitloppet weekend when a<br />
customer in South Africa won a total of SEK 63 million<br />
on v75. This event stirred up bad blood among many<br />
customers who reacted to how a customer on the<br />
other side of the world could manage the seemingly<br />
“impossible” feat of being the sole person to have all<br />
three winning v75 systems.<br />
but everything was above board. The tickets had been<br />
submitted half an hour before the v75-1 started,<br />
which peter Alling, head of operations at Swedish<br />
Gambling Authority, later confirmed to Swedish daily<br />
Expressen.<br />
“The South Africa case was based on emotions and not<br />
facts. It was a sort of rude awakening for certain sections<br />
of the Swedish customer base – there were now<br />
foreign customers who had started fighting with them<br />
for the v75 millions. As a result the debate was fuelled<br />
by emotions, which we can naturally understand.<br />
however, betting security was never compromised,”<br />
says Magnus lunner.<br />
Finally, is betting with <strong>ATG</strong> secure?<br />
“Yes, it is. This is also the opinion of our customers according<br />
to the surveys we carried out after the events<br />
in charlottenlund and Åmål. our betting system is<br />
safe. With our new procedures, the management of<br />
our betting system is also secure. Work on betting<br />
security is a continuous process and improvements<br />
are constantly needed – as proved to be the case in<br />
<strong>2012</strong>,” says Magnus lunner.<br />
Magnus Lunner<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 11
HOW <strong>ATG</strong>’S SECURITY<br />
PROCEDURES WORK<br />
After the events in Charlottenlund and Åmål <strong>ATG</strong> uses two types<br />
of security procedures depending on whether the race is held in<br />
Sweden or abroad. In both cases, each race is preceded by testing<br />
of all communication, both technical and manual, before the<br />
meeting starts.<br />
PAGE 12 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
Sweden<br />
1. The race operator in charge is stationed at the track<br />
or at <strong>ATG</strong>’s head office (and can follow the start of<br />
the race via television screen or telephone contact).<br />
The race operator is connected to <strong>ATG</strong>’s betting system<br />
via a computer (and a reserve computer). When<br />
the race starts, the race operator closes betting by<br />
pressing a button and a signal is sent to the betting<br />
system.<br />
a. (For cases where the race operator is stationed at<br />
<strong>ATG</strong> and there is no television screen and/or telephone<br />
contact with the track, the race operator<br />
closes betting one minute before post time.)<br />
2. If the race operator fails to close the race, an automatic<br />
closing function comes into effect. A signal is<br />
sent from the start system once the race has started,<br />
to the betting system which closes the betting.<br />
3. If both of these procedures were to fail, an official<br />
at <strong>ATG</strong>’s head office, who has been appointed to<br />
monitor the race by television screen or telephone<br />
contact and is not the race operator in charge, will<br />
close betting by pressing the “emergency stop”<br />
which is linked to the betting system.<br />
4. If procedures 1–3 were to fail, a designated tote<br />
official will close the betting by pressing the “emergency<br />
stop.”<br />
Internationally<br />
1. The race operator in charge is stationed at the track.<br />
The race operator is connected to <strong>ATG</strong>’s betting system<br />
via a computer. When the race starts, the race<br />
operator closes betting by pressing a button and a<br />
signal is sent to the betting system.<br />
2. if this procedure was to fail, an official at <strong>ATG</strong>’s head<br />
office, who has been appointed to monitor the race<br />
by television screen or telephone contact, will close<br />
betting by pressing the “emergency stop” which is<br />
linked to the betting system.<br />
a. (If there is no television screen and/or telephone<br />
contact with the track, betting is closed by the<br />
official at <strong>ATG</strong> one minute before post time.)<br />
3. If procedures 1–2 were to fail, a designated tote<br />
official will close the betting by pressing the “emergency<br />
stop.”
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 13
A NEW STANDARD FOR RESPON<br />
SIBLE GAmBLING IN PLACE<br />
A brand new industry standard, continued investment in training and<br />
expanded international cooperation. <strong>ATG</strong>’s work on responsible gambling<br />
was intensified in <strong>2012</strong>.<br />
PAGE 14 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
Millions of Swedes bet on a betting product every<br />
week. For most people, gambling is a simple form of<br />
entertainment, but there are those – about 2 per cent<br />
of the total population – who cannot control their<br />
gambling habits and risk to become addicted.<br />
“Gambling addiction is an illness that is often associated<br />
with completely different underlying causes than<br />
actual gambling. <strong>ATG</strong>’s responsibility is to use a series<br />
of preventive measures, rules and tools to minimise<br />
the risks for this group,” says håkan hedqvist, in<br />
charge of responsible gambling at <strong>ATG</strong>.<br />
SpEr (the Swedish Gambling Industry’s Ethical<br />
council) conducted work in <strong>2012</strong> on preparing a new,<br />
general industry standard on responsible gambling.<br />
This new standard will be launched in 2013.<br />
FAcTS: <strong>ATG</strong>’S RESPONSIbLE GAMbLING<br />
<strong>ATG</strong>’s responsible gambling policy contains guidelines<br />
for how <strong>ATG</strong> is to offer betting in a responsible manner<br />
and how the risks of negative consequences can be<br />
minimised:<br />
• An age limit of 18 for all betting<br />
• Betting on credit is not permitted<br />
• Work in favour of gambling security and against<br />
money laundering<br />
• Offer a variety of tools to help customers retain<br />
control of their gambling and provide information<br />
about where help can be sought if a customer has<br />
problems<br />
• Market products and services responsibly<br />
“The main purpose is that all regulated gambling<br />
companies will agree on a shared framework to ensure<br />
sound protection for customers,” says håkan hedqvist.<br />
under the new standard, the member companies undertake<br />
to work according to four principles:<br />
A – Safe and secure betting operations.<br />
b – Informed choices for consumers.<br />
c – Training employees and partners.<br />
D – Research and practice.<br />
Guidelines – a total of ten – are linked to each principle<br />
that form the basis of each company’s work on<br />
responsible gambling.<br />
• Provide continuous training and information to<br />
employees, agents and customers about the risks<br />
associated with betting, responsible gambling and<br />
gambling addiction<br />
Training in responsible gaming<br />
A new training program was launched in the autumn of<br />
2011 in partnership with Silabs (previously Spelinstitutet).<br />
The program is mainly targeted to personnel at<br />
racetracks but also to <strong>ATG</strong> employees. Focus in <strong>2012</strong><br />
was on personnel at racetracks, while focus in 2013 will<br />
probably be directed to employees at hästsportens hus<br />
and partners. continuous training of new agents and<br />
new employees and old agents is being conducted. The<br />
manager at the agent is responsible for ensuring that<br />
there is always at least one employee at the betting<br />
shop, who has undergone the training course, though<br />
ideally all will have been trained.
“Gambling addiction is across the board. It is seldom<br />
linked to a single gambling company or betting<br />
product, and that is why we want to have the same<br />
rules regardless of whether you are playing bingo, the<br />
”oddset” or betting on horses,” says håkan hedqvist.<br />
The issue of responsible gambling is also a topic on<br />
in the international arena. The European pari Mutuel<br />
Association (EpMA), which comprises of gambling<br />
companies in horse racing from ten different countries,<br />
has started work on formulating a joint standard for<br />
responsible gambling.<br />
“With its extensive experience in responsible gambling,<br />
<strong>ATG</strong> has been a driving force in the matter. We will<br />
determine the structure of our continued work in the<br />
spring of 2013,” says håkan hedqvist.<br />
In the autumn of 2011, <strong>ATG</strong> and Silab arranged a new<br />
training course in responsible gambling, preliminary<br />
for the racetracks but also for <strong>ATG</strong> employees. In<br />
<strong>2012</strong>, all employees working with the sale of bets at<br />
the tracks underwent this course. It is mandatory for<br />
cashier staff.<br />
“We also carried out certain selective measures here.<br />
In May, not only cashier staff but all employees and<br />
the board of visby trotting took the course. We will<br />
hold similar courses at several more racetracks in<br />
2013,” says håkan hedqvist.<br />
Work together with the Swedish Gambling Authority<br />
was expanded in <strong>2012</strong>. For example, <strong>ATG</strong> is a member<br />
of a reference group for a new analysis tool that grades<br />
the risks of various betting products.<br />
Håkan<br />
Hedqvist<br />
In <strong>2012</strong>, <strong>ATG</strong> launched a test whereby customers can test<br />
whether they have or are at risk of experiencing problems with<br />
their gambling by answering 16 questions on their mobile<br />
device. The same test is available at <strong>ATG</strong>.se.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 15
AN EXTRAORDINARY<br />
SPONSORSHIP CONCEPT<br />
Millions of Swedes share an avid interest in trotting. It is a target group that<br />
few companies seem aware of. Until now.<br />
“Sponsoring trotting is a hidden treasure. Our job is to attract more sponsors<br />
to trotting and generate new sources of income for the racetracks,” says<br />
Maria Guggenberger, Head of the new Concept department.<br />
PAGE 16 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
The concept department, which was established in<br />
<strong>2012</strong> as a cooperation project between and <strong>ATG</strong> and<br />
the Swedish Trotting Association, serves as a hub<br />
between the two organizations and the 33 trotting<br />
tracks in Sweden for issues surrounding sponsoring<br />
and income.<br />
“Many companies have not previously viewed trotting<br />
as a sponsorship right. our task is to promote and<br />
package the fantastic values found in the widespread<br />
interest in trotting. There is immense potential here in<br />
the long term with all the meeting places and communication<br />
channels found in trotting,” says Maria<br />
Guggenberger.<br />
Work is initially being concentrated on promoting<br />
trotting as vibrant betting and v75 as the “premiere<br />
league of Trotting.”<br />
“We are looking for sponsors who are interested in<br />
our customers at a national level – and where our<br />
customers are interested in the sponsors. A strong<br />
commitment to society is a key prerequisite for these<br />
sponsors. here we need to reinforce this image and<br />
communicate the commitment found in trotting, from<br />
focusing on youth ventures to <strong>ATG</strong>’s role as the engine<br />
of equine sector,” says Maria Guggenberger.<br />
In <strong>2012</strong>, the concept department worked primarily<br />
with three large public events – olympic Trot, Summer<br />
Trotting Series and breeders’ crown. Summer Trotting<br />
was the “largest” event with a total of 85,000 visitors.<br />
Six sponsors were associated with the event and were<br />
present at the total of eight v75 meetings held under<br />
the Summer Trotting Series.<br />
“A race day at a trotting track is very long. That means<br />
attracting sponsors using only trotting is not enough,<br />
and this is where the sponsor village during the summer<br />
trotting series added an extra dimension to the<br />
spectator experience. It is also a step on the way to<br />
start seeing our trotting tracks as multi arenas that<br />
can be used for concerts, exhibitions and trade fairs.<br />
Maria Guggenberger<br />
Solvalla’s partnership with the STcc racing circus last<br />
autumn is a brilliant example of this,” says Maria Guggenberger.<br />
The “experience” is a central part of the concept<br />
department’s works since visiting a trotting track competes<br />
with everything from watching Tv on the sofa to<br />
going to a concert.<br />
“Trotting is part of the event-driven sector and we<br />
must be able to deliver a unique experience every time.<br />
Experiencing the close proximity of the horses as the<br />
gravel flies up is an amazing feeling. It is unique to us<br />
and what we will build on,” says Maria Guggenberger.
The concept department’s work at individual racetracks<br />
involves providing support in the form of<br />
spectator-based concepts and better packaging to<br />
boost income. but it is equally important to generate<br />
cost savings with shared agreements and business.<br />
“An example of the latter is an energy survey of the<br />
racetracks that was initiated together with technology<br />
supplier Ahlsell. Every penny that can be saved on<br />
lower electricity consumption at the racetracks we can<br />
spend on creating better events,” says Maria Guggenberger.<br />
The debut year for the concept department otherwise<br />
involved establishing the organisation, determining the<br />
strategy and structuring work.<br />
”Now the real work starts with identifying partners<br />
and developing work with existing suppliers under the<br />
aim of creating long-term partnerships. It is a long<br />
process but several companies have shown great interest<br />
in becoming involved,” says Maria Guggenberger.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 17
PAGE 18 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 19
FOURTH BEST YEAR –<br />
DESPITE LOWER TURNOVER<br />
<strong>2012</strong> resulted in the fourth highest turnover in <strong>ATG</strong>’s history.<br />
But fewer winnings, fiercer competition in both the gambling market and from<br />
other sport events meant that both <strong>ATG</strong>’s turnover and market shares declined<br />
compared to the preceding year.<br />
PAGE 20 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
2011 was a record year for <strong>ATG</strong> with a turnover of SEK<br />
13.1 billion. In <strong>2012</strong>, turnover amounted to SEK 12.4<br />
billion.<br />
”betting on v75 declined by 7 per cent. And when<br />
v75, which is <strong>ATG</strong>’s main engine and attraction for<br />
betting on horses, experiences difficulties, it has a<br />
knock-on effect and impacts other betting products,”<br />
says leif Almgren, Information Manager at <strong>ATG</strong>.<br />
leif Almgren also sees three other reasons as to why<br />
turnover declined for the first time since 2002:<br />
1. Fewer payments of winnings<br />
“There were v75 and v86 races in <strong>2012</strong> that were<br />
difficult to call and where a few people won large<br />
sums of money, which led to the number of payouts to<br />
customers falling by an average of about 50 000 per<br />
week. This affected total turnover since we know that<br />
our customers often ’re-invest’ their small winnings.<br />
There was quite simply less money in circulation. We<br />
also had fewer v75 Jackpots, which also had an impact,”<br />
says leif Almgren.<br />
2. Intensifying competition<br />
“<strong>ATG</strong> has succeeded at packaging its betting days for<br />
many years – every day, we match attractive betting<br />
products to trotting and thoroughbred racing.<br />
During the year we encountered stiff competition from<br />
Svenska Spel, which succeeded with the same concept,<br />
largely due to the split betting program for the<br />
Elitserien premier league in ice hockey and Allsvenskan<br />
football league,” says leif Almgren.<br />
3. Olympic Games, European and<br />
World championships<br />
“In previous years when major sporting competitions<br />
were staged, we had a slight decline in betting during<br />
the actual event, after which betting levels bounced<br />
back to normal again. but we did not see such a<br />
recovery during <strong>2012</strong>. one reason was that we were<br />
already on a downvard curve when the championship<br />
period started,” says leif Almgren.<br />
hasn’t turnover also been affected by the attention<br />
surrounding the incidents involving <strong>ATG</strong>’s betting security<br />
(see pages 10–12)?<br />
“Naturally, it was not positive for the <strong>ATG</strong> brand to<br />
receive such negative attention in the media. however,<br />
we see no signs of these incidents being directly linked<br />
to lower turnover. We followed up the incidents by<br />
carrying out customer surveys where customers stated<br />
that they continued to have a high level of confidence<br />
in us and our products.”<br />
For <strong>ATG</strong>’s three sales channels – agents, E-channels<br />
and racetracks – betting via E-channels (<strong>ATG</strong>.se and<br />
mobile devices) continued to increase, while betting at<br />
agents and racetracks fell.<br />
“In recent years, we have witnessed a clear change in<br />
customers’ betting habits – from the racetracks and<br />
shops to the Internet. In <strong>2012</strong>, for example, betting via<br />
mobile device increased significantly. The low turnover<br />
for shops can also be attributable to the lower payments<br />
of winnings since many people collect their winnings<br />
from their local shops. For racetracks, we can see that<br />
the major events remain strong in terms of turnover and<br />
number of spectators, whereas day-to-day betting on<br />
trotting is continuing to decline,” says leif Almgren.<br />
In <strong>2012</strong>, gross turnover for the Swedish regulated<br />
gambling market totalled SEK 42.1 billion, down about<br />
SEK 250 million compared with 2011 according to<br />
statistics from the Swedish Gambling Authority. <strong>ATG</strong>’s<br />
total market share of the Swedish regulated gambling<br />
market amounted to 30 per cent (31 per cent 2011).<br />
The performance of the overall Swedish gambling<br />
market, where foreign and unregulated gambling companies<br />
are increasingly capturing shares, strengthened<br />
the trend from prior years: sports betting, particularly<br />
on live games, “which team will score next?”, are gaining<br />
ground while poker is declining.<br />
”unregulated gambling companies have captured market<br />
shares with their live betting and are also focusing<br />
intently on Internet casinos to close the gap left by<br />
the waning interest in poker. Svenska Spel had a strong<br />
year and is expanding in all product groups, except for<br />
poker, las vegas and casino,” says leif Almgren.<br />
The fierce competition from both Swedish and unregulated<br />
companies in the Swedish gambling market<br />
meant that total gross investments in advertising rose<br />
32 per cent in <strong>2012</strong>. <strong>ATG</strong> was the third largest media
uyer during the year, up 21 per cent. Svenska Spel<br />
and unibet topped the list.<br />
Leif Almgren sums up <strong>2012</strong>:<br />
“In contrast to many other actors, <strong>ATG</strong> has displayed<br />
an upward trend year after year, even during times of<br />
high uncertainty and economic downturn. This trend<br />
ended in <strong>2012</strong> but despite the downward curve this<br />
was the company’s fourth best year in terms of turnover<br />
since 1974. We continued in <strong>2012</strong> to contribute our<br />
entire profit – SEK 1.7 billion – to the Swedish equine<br />
sector and a further SEK 1.4 billion to the Swedish<br />
public exchequer. These are impressive figures.”<br />
In 2013, competition from unregulated gambling companies<br />
is expected to further intensify. In December,<br />
the Supreme court of Sweden decided to refuse leave<br />
to appeal in the long-standing case with Swedish dailies<br />
Expressen and Aftonbladet where both newspapers<br />
permitted advertisements from unregulated gambling<br />
companies. Accordingly, the court of Appeal’s verdict<br />
of acquittal was upheld. The decision means that media<br />
permitting advisements from unregulated companies<br />
are breaking the law, but paradoxically cannot be punished<br />
by law.<br />
“It all comes down to the fact that Swedish legislation<br />
differentiates between Swedish and foreign gambling<br />
companies, which is not permitted by the Eu. In<br />
practice it means that unregulated companies are free<br />
to market in Sweden but, unlike <strong>ATG</strong>, do not need to<br />
comply with the rules of the Swedish gambling market.<br />
This is unfortunately yet another example that current<br />
legislation is not working,” says leif Almgren.<br />
GAMbLING<br />
The Swedish gambling market consists of a one<br />
part regulated by the Government or the Swedish<br />
Gambling Authority. In addition, there are several<br />
international actors (“unregulated gambling<br />
companies”) that offer gambling via the Internet<br />
without a license in Sweden.<br />
The Swedish regulated market reported a total<br />
turnover of SEK 42 billion (42) for <strong>2012</strong>.<br />
Footnote: The net turnover for unregulated players is estimated<br />
at SEK 2 billion (net turnover is defined as stake less paid winnings).<br />
The major actors in the regulated gambling<br />
and lottery market are:<br />
Ab SVENSkA SPEL<br />
A State-owned company that pursues gambling via<br />
video lottery Terminals (vlTs), casinos, lotteries and<br />
sports betting.<br />
Turnover: SEK 22.8 billion (22.3)<br />
<strong>ATG</strong><br />
A company wholly owned by the Swedish Trotting Association<br />
and the Swedish Jockey club. The Swedish<br />
Government has a majority on the board. It conducts<br />
betting at trotting and thoroughbred race meetings.<br />
Turnover: SEK 12.4 billion (13.1).<br />
SWEDISH POSTcODE LOTTERY<br />
owned by Novamedia Swedish postkodlotteriet Ab/<br />
Swedish postcode Association. It operates lotteries.<br />
Turnover: SEK 3.0 billion (2.6).<br />
NGO GAMING<br />
owned by 71 non-profit nationwide organisations.<br />
It operates lotteries and bingo (bingolotto).<br />
Turnover: SEK 0.9 billion (1.0).<br />
Market shares<br />
FOLKSPEL INCLUDING<br />
BINGOLOTTO 2%<br />
BINGO 2%<br />
THE SWEDISH<br />
POSTCODE LOTTERY 7%<br />
<strong>ATG</strong> 30%<br />
CASINO COSMOPOL 3%<br />
Source: Swedish Gambling Authority<br />
E-CHANNELS 40%<br />
TRACKS 5%<br />
OTHER 5%<br />
AGENTS 55%<br />
SVENSKA SPEL<br />
INCL. POKER 51%<br />
Leif Almgren<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 21
YEAR OF THE HORSE<br />
It is always the year of<br />
the horse at <strong>ATG</strong>. Here is<br />
what happened in <strong>2012</strong>.<br />
QR codes are provided for certain sections. Scan the<br />
code with your smartphone to watch films and enjoy<br />
a more vibrant <strong>Annual</strong> <strong>Report</strong>.<br />
SIDA 22 // <strong>ATG</strong> <strong>2012</strong> // ÅRSREDOVISNING
TALK ABOUT FREEZING TROTTING ENTHUSIASTS<br />
The definition of “trotting enthusiasts”<br />
is?<br />
Answer: Jenny brunzell, Rickard<br />
Hansson and Patrik Österberg.<br />
The three of them lived in an igloo (!)<br />
at Solvalla for five days and nights<br />
over the christmas period so that they<br />
would not miss any of the four V75<br />
meeting.<br />
on Friday, 21 December, the trio moved<br />
in to the igloo situated at Solvalla’s<br />
inner field. They moved out again five<br />
days later after the final race had been<br />
run on boxing Day.<br />
With the motto of “4 v75s. 1 igloo.<br />
3 idiots.” they reported on living in the<br />
igloo and offered betting tips via their<br />
blog and live online broadcasts. Many<br />
people came to visit them, from remy<br />
Nilson, cEo of <strong>ATG</strong>, to star driver Jörgen<br />
Westholm. christmas treats – and<br />
all of their food – was prepared using a<br />
traditional portable stove.<br />
They also received many christmas<br />
presents that were later auctioned out:<br />
• Erik Adielsson’s and Örjan Kihlström’s<br />
driver jackets<br />
• Stefan hultman’s signed helmet<br />
• victory Tilly’s quilt of honour<br />
• Stig h Johansson’s book ”My Track”<br />
and Johan hedenberg’s book ”lill-<br />
Tarzan and me”, both signed<br />
• A meeting with the coldblood champion<br />
Järvsöfaks<br />
JIm FRICK – A TRUE<br />
AmBASSADOR OF HONOUR<br />
Jim Frick, 61, was appointed a Trotting Ambassador<br />
of Honour by the Swedish Trotting<br />
Association and <strong>ATG</strong>.<br />
Jim Frick became the fourth driver in the history of<br />
the Swedish Trotting Association to achieve 5,000<br />
race victories in 2010. In March of the same year,<br />
he was seriously injured in an accident at Solvalla<br />
that marked the end of an outstanding career.<br />
Jim Frick became the third person to be<br />
named a Trotting Ambassador of honour. before<br />
the coldblood race Elitkampen at the Elitloppet,<br />
Jim Frick led the march-past together with two<br />
other ambassadors, champion horse Järvsöfaks<br />
and driver legend Stig h Johansson – and was<br />
met by standing ovations from the 29,000 trotting<br />
fans on the stands.<br />
• Sponsored races at Kalmar, Gävle,<br />
bollnäs and hagmyren<br />
• breeding rights for hard livin and<br />
Sinou Madrik<br />
• And last but not least – television<br />
presenter Jessica Almenäs’s eveninger<br />
gown<br />
All of the money raised – SEK<br />
59,795 – went to trotting’s youth<br />
venture, ungdomstravet.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 23
KANAL 75 HAS EXPANDED<br />
AND BROADENED<br />
<strong>2012</strong> was the year that <strong>ATG</strong>’s subsidiary<br />
changed her tune.<br />
From television.<br />
To media company.<br />
“We are proud that we can now be<br />
found in a wide variety of places.<br />
Our deliveries cover much larger<br />
media spaces than previously. That is<br />
exactly what is needed in a modern<br />
media climate,” says Niclas Andersson,<br />
Managing Director kanal 75.<br />
Investing in television?<br />
certainly, and we have done for<br />
many years now. <strong>ATG</strong> has its editorial<br />
production company, Kanal 75, for such<br />
activities.<br />
but <strong>2012</strong> was the year that K75<br />
really made a breakthrough and lived<br />
up to its description as a m-e-d-i-a<br />
company.<br />
Television content is the foundation<br />
of Kanal 75’s production.<br />
The company has also produced<br />
printed texts and images – for websites<br />
and magazines – for many years.<br />
customers would have seen all of<br />
this throughout the 2000s, on television,<br />
in newspapers, on <strong>ATG</strong>.se.<br />
but <strong>2012</strong> saw the company make a<br />
flying start on many other platforms:<br />
• K75 made radio.<br />
• K75 made web television.<br />
• K75 made more of everything, everywhere.<br />
Many new formats have suddenly emerged,<br />
such as barfota runtom, björn-kollen,<br />
Sommartravpratarna and upplopp!<br />
to mention just a few. And in certain<br />
cases in completely different places to<br />
where one would expect to see them.<br />
K75 was involved in Aftonbladet-tv,<br />
podcasts, and of course, a great deal on<br />
<strong>ATG</strong>.se. There used to be more “re-used<br />
television” on the website but the site<br />
now has far more uniquely produced<br />
material.<br />
“Television remains the most important<br />
thing that we do. both <strong>ATG</strong> live<br />
PAGE 24 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
and all of the programmes broadcast in<br />
the Tv4 Group’s channels are the very<br />
motorway that we are travelling on,”<br />
says Niclas Andersson.<br />
“but the distribution of both moving<br />
images and printed media offers many<br />
more opportunities both for us and our<br />
customers.”<br />
put simply, trotting and thoroughbred<br />
racing need to be seen and heard<br />
everywhere. Meeting customers,<br />
wherever they want.<br />
In addition to the above, formats<br />
include teletext, mobile devices, blogs<br />
and social media, international formats<br />
in other language versions. In fact, K75<br />
is attempting to cover as large an area<br />
as possible.<br />
“We also need to be inquisitive all of<br />
the time, and take a look at what is at<br />
the forefront of development in society<br />
to see whether we need to add even<br />
more channels to convey all of the race<br />
information and entertainment,” says<br />
Niclas Andersson.<br />
Kanal 75 is also working intensively on<br />
television-broadcast issues associated<br />
with racetracks – a new fibre network<br />
for the distribution of various signals<br />
has just been laid at all 24 of the largest<br />
racetracks in the country, and the<br />
next phase has just been started under<br />
which the four or five largest racetracks<br />
in Sweden will be lit with modern lighting<br />
that is more conducive to television<br />
broadcasts.<br />
“The breadth of our duties and<br />
efforts is increasingly expanding. It is<br />
important for Kanal 75 to assume even<br />
greater responsibility for the overall<br />
approach to trotting and thoroughbred<br />
racing, and the associated media<br />
exposure, naturally hand-in-hand with<br />
the racetracks and active sport participants.<br />
This is the thinking behind all of<br />
the things that we have done or have in<br />
the pipeline,” says Niclas Andersson.<br />
Niclas Andersson
NICE, GREEN SUmmER TROTTING<br />
Fantastic horses, great attendance,<br />
V75 – all against the backdrop of the<br />
Swedish summer. The summer trotting<br />
series was a huge, green success<br />
once again in <strong>2012</strong>.<br />
During eight v75 meetings from 30<br />
June to 4 August, the summer trotting<br />
series travelled all over the country. All<br />
of the racetracks were decked out in<br />
summer green and activities held locally<br />
at each venue. on the Internet, for<br />
example, media profile calle Schulman<br />
OLYmPIC SUCCESS AT ÅBY<br />
commander crowe won the final at the Olympic Trot at<br />
Åby. The Swedish Olympic committee and Team Paralympics<br />
received a total of SEk 8.2 million.<br />
v75 bettors have donated more than SEK 200 million (SEK<br />
202,644,000) to the olympic committee and paralympics<br />
since 1979 when the olympic Trot was inaugurated. This<br />
money has made way for a total of 274 medals in the olympics<br />
and paralympics since.<br />
blogged and star driver Johnny Takter<br />
participated in ”sommar-travpratarna”.<br />
These events attracted huge crowds to<br />
the track, a total of 86,163 spectators.<br />
Slightly more than 14,000 spectators<br />
came to both Axevalla and halmstad.<br />
The main event, the Summer Trotting<br />
Final – with a first-prize of SEK<br />
500,000 – held in rättvik was won by<br />
per lennartsson and highlight brizard<br />
who received the green (of course!)<br />
winners’ cup.<br />
V75 WORLD CUP<br />
A total of 36,000 V75 fans from all<br />
over the world accepted the challenge,<br />
but only one won the title of<br />
V75 World cup – Jan Lundin, 50, from<br />
Gävle.<br />
The qualifying rounds for the final of<br />
the world championships in v75 were<br />
held over six v75 meetings during<br />
the autumn. Every week, contestants<br />
had to submit a v75 ticket for SEK<br />
192, with the ten best – of whom one<br />
foreign participant, Martin Simonsen<br />
from Danmark – going to the final in<br />
Åby in January. At the final, Jan lundin<br />
eventually climbed the podium to receive<br />
the first prize of SEK 250,000 and<br />
a dream trotting-inspired holiday worth<br />
SEK 50,000.<br />
The v75 Team World cup was held<br />
for the second time, with the duo<br />
Marcus Åkerlund and Örjan hafstad<br />
winning the competition, receiving the<br />
first prize of SEK 150,000 kronor and a<br />
trotting holiday worth SEK 50,000.<br />
Many olympians and paralympians attended the Åby meeting<br />
in April together with more than 14,000 spectators.<br />
Among them were swimmer Anders olsson and cross-country<br />
skier charlotte Kalla in the long opening processions led<br />
by flag bearer, biathlete björn Ferry. long jumper carolina<br />
Klüft gave the inaugural speech and table-tennis player<br />
Jörgen persson lit the flame.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 25
SEBASTIAN K. WAS HORSE OF THE YEAR<br />
It was the evening when “everyone<br />
was there” – from swimming star<br />
Therese Alshammar to Olle Goop. The<br />
<strong>2012</strong> Hästgalan awards ceremony<br />
held at the clarion Hotel Post in<br />
Gothenburg was, as usual, a spectacular<br />
event – mostly for Åke Svanstedt<br />
and Stefan Melander.<br />
Åke Svanstedt won the Driver of the<br />
Year award and saw Sebastian K.<br />
become the clear winner in the weighty<br />
category horse of the Year. Sebastian<br />
K. received 57.1 per cent of the<br />
votes from the Swedish public and the<br />
members of the Swedish horse racing<br />
Journalists’ club (ShK).<br />
“Sebastian K. is one of the best horses<br />
i have ever trained and driven. he<br />
is an all-rounder and among the very<br />
elite. hopefully he will stay for a few<br />
more years,” says Åke Svanstedt.<br />
Åke Svanstedt was among the<br />
favourites to win the Trainer of the Year<br />
award in the run-up to the ceremony<br />
but the jury awarded the prize to Stefan<br />
Melander.<br />
Thoroughbred horse of the Year was<br />
Jimmy Mack and Jockey of the Year was<br />
per-Anders Gråberg.<br />
ALL OF THE WINNERS,<br />
HORSE OF THE YEAR <strong>2012</strong><br />
Horse of the Year: Sebastian K.<br />
Two-year old of the Year:<br />
Denim boko<br />
Three-year old of the Year:<br />
chelsea boko<br />
Four-year old of the Year: pato<br />
Mare of the Year: Fascination<br />
Senior of the Year: Sebastian K.<br />
Coldblood of the Year: hallsta lotus<br />
Driver of the Year: Åke Svanstedt<br />
Trainer of the Year: Stefan Melander<br />
Shooting Star of the Year:<br />
oskar J Andersson<br />
Thoroughbred Horse of the Year:<br />
Jimmy Mack<br />
Jockey of the Year:<br />
per-Anders Gråberg<br />
Helen Ann Award:<br />
catarina lundström<br />
Breeder Achievement of the Year:<br />
boko Stable<br />
PAGE 26 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
A PRIVATE CAB FROm THE AIRPORT<br />
Thousands of political heavyweights<br />
landed at Visby Airport in the summer<br />
for the annual Almedal Week, a forum<br />
in Swedish politics.<br />
A few lucky ones avoided crowds of<br />
the tax queue and instead travelled<br />
by horse and carriage to the political<br />
events being held in Visby.<br />
remy Nilson, cEo of <strong>ATG</strong>, and hans<br />
ljungkvist, chairman of Swedish Trotting<br />
Association, invited selected politicians<br />
to join them on the 45-minute trip in the<br />
horse-drawn cab bound for visby.<br />
“We had the chance to discuss trotting,<br />
the role of horse racing in society<br />
and the Swedish model for betting on<br />
horses,” says remy Nilson.<br />
During the Almedal Week, politicians<br />
were also invited to lunch races at<br />
visby trotting track, with Jessica Almenäs<br />
as moderator and Stig h Johansson<br />
as one of the speakers.<br />
“It was a highly successful day. Many<br />
organisations in Almedalen are eager to<br />
talk about what they do – we decided<br />
to show what we do instead,” says<br />
remy Nilson.
... AND NOW FOR A COmmERCIAL BREAK!<br />
<strong>ATG</strong> filmed its new commercials at<br />
the end of the year.<br />
The result was a “tribute to the<br />
horses and people of V75.”<br />
previous filming locations, including<br />
New Zealand, california and Spain,<br />
were now replaced by Solvalla racetrack<br />
and boden. Sunny blue skies were<br />
swapped for snow and ice. The result<br />
was a 60-second film with the title<br />
”Moment of Truth” that is about all<br />
of the horses, drivers, customers and<br />
officials who are involved in the v75<br />
circus every Saturday and “the final<br />
nanoseconds that decide everything.”<br />
The films were produced by advertising<br />
agency Åkestamholst.<br />
FROm FOURLEGGED TO FOURWHEEL HORSE POWER<br />
Solvalla was filled with roaring horse<br />
power over two days in September.<br />
Racing driver Johan kristoffersson,<br />
Volkswagen Team biogas, claimed<br />
the Swedish championship title in the<br />
STcc series, in front of huge crowds.<br />
What do you need to turn a normal<br />
trotting track into a 1,250-meter asphalt<br />
track for racing cars? Well, among<br />
other things, 20,000 m 2 of racing asphalt,<br />
5 000 m 3 of gravel, 2 km of racing<br />
barriers, 1 km of racing fencing, 3 km of<br />
surface markings and 4,300 tires as a<br />
protective barrier.<br />
All this in just four days. And this was<br />
the case when the STcc final (Scandinavian<br />
Touring car championship)<br />
was held at Solvalla. The event, that<br />
will take place again in 2013 and 2014,<br />
attracted a full 22,000 spectators, with<br />
most tickets sold through <strong>ATG</strong> shops.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 27
mA LI’S WON <strong>ATG</strong> BETTING SHOP OF THE YEAR<br />
Exhibition openings, knitting and<br />
kinesiology – all flavoured with betting<br />
on horses. Ma Li’s Spel & café in<br />
brastad, bohuslän county won <strong>ATG</strong><br />
betting Shop of the Year.<br />
There are about 1,850 <strong>ATG</strong> betting<br />
shops in Sweden. The most successful<br />
agents were honoured for the fifth consecutive<br />
year at the betting Shop Gala<br />
held on the birka paradise cruise liner.<br />
prizes in a total of nine different categories<br />
were awarded, with Ma li’s shop<br />
winning <strong>ATG</strong> betting Shop of the Year.<br />
“Eight of the prizes were related<br />
to money, turnover for each betting<br />
product. but the agent named Shop of<br />
the Year is based on ’soft values’ and in<br />
Ma li’s case we were impressed by their<br />
creativity in attracting new customers,”<br />
says Kent Öhlander, Sales and Market<br />
Director at <strong>ATG</strong>.<br />
Marie olsson and her daughters<br />
Emelie and linda run Ma li´s and one of<br />
the activities they do is to hold different<br />
theme nights, from exhibition openings<br />
to knitting – combined with betting on<br />
horses. They have also organized trips<br />
to trotting tracks with their customers.<br />
Also worth mentioning is that<br />
Kneippens Spelbutik in Norrköping won<br />
Syndicate betting Shop of the Year for<br />
the fifth consecutive year.<br />
THE DREAm OF WINNING mILLIONS BECAmE TRUE<br />
A total of 208 people became new<br />
millionaires from betting on horses<br />
in <strong>2012</strong>. The largest winnings went<br />
to christer Eriksson, 49, when he and<br />
five friends won SEk 56.3 million at<br />
the V75 on 14 January.<br />
As usual, the <strong>2012</strong> betting year had<br />
many winners and just as many winners’<br />
stories. christer Eriksson and his<br />
friends experienced something unique<br />
– being the only ones to get seven<br />
right on the v75.<br />
“This is what it is all about. It<br />
doesn’t matter if you win SEK 10, 20<br />
or 30 million. You have to be the only<br />
one who wins, and I was,” christer said<br />
to Tv4’s vinnare Söndag programme.<br />
Another winner was Axel planhem, 79,<br />
who was the brains behind the year’s<br />
largest syndicate winnings on the v75<br />
– thanks to a miscalculation.<br />
PAGE 28 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
HERE ARE ALL THE WINNERS AT THE bETTING SHOP GALA<br />
Largest Betting Shop of the Year:<br />
Norra bantorgets Tobakshandel,<br />
Stockholm.<br />
Tele-Cash Betting Shop of the Year:<br />
Direkten, Tensta.<br />
Lottery Betting Shop of the Year:<br />
Maxi IcA, borås.<br />
Thoroughbred Betting Shop of the<br />
Year: Näsbypark Tobak & Spel.<br />
“I added a horse in the last race that I<br />
wasn’t going to add. I had finished the<br />
system but miscounted so I could afford<br />
another horse in the last race. I added<br />
number 12 and that horse won. per lennartsson<br />
was the trainer and driver and<br />
I really like him. It really was a lucky<br />
chance,” Axel said to trav365.se.<br />
The result of Axel’s line was that 43<br />
Harry Boy Betting Shop of the Year:<br />
Snusboa, Stenungsund.<br />
Syndicate Betting Shop of the Year:<br />
Kneippens Spelbutik, Norrköping.<br />
The V75 Betting Shop of the Year:<br />
Magnus Tobak, Karlstad.<br />
Lunchtime Betting Shop of the Year:<br />
Södertullskiosken, Gävle.<br />
<strong>ATG</strong> Betting Shop of the Year:<br />
Ma li’s Spel & café, brastad.<br />
people at värtavägens Spel och Tobak<br />
in Stockholm in August shared winnings<br />
of SEK 21 million.<br />
harry boy continued to help its loyal<br />
customers secure big winnings. For<br />
example, a harry boy ticket for SEK 36<br />
handed in at coop Forum in Gällivare led<br />
to winnings of slightly more than SEK<br />
2.5 million on the v75 in November.<br />
Axel Planhem
CONGRATULATIONS ON YOUR<br />
(BIRTH)DAILY DOUBLE!<br />
The premier was held on 30 December 1987 at Solvalla. Two local trainers won<br />
– and there was a double winner on number 4. <strong>ATG</strong>’s new betting product Daily<br />
Double had come to stay.<br />
Almost 25 years later, a total of 8,982<br />
Daily Doubles have been held and given<br />
that there have been 63 dead heats, the<br />
number of DD results is 9,045. A double<br />
winner, when the same horse number<br />
wins both DD races, as took place in<br />
the premier, has occurred another 781<br />
times. over the years, Daily Double has<br />
become the second-largest betting<br />
product for trotting and thoroughbred<br />
racing.<br />
<strong>ATG</strong>’s pr Manager hasse Svennehed<br />
was the project manager for the start of<br />
the Daily Double.<br />
“Tipstjänst (now Svenska Spel) started<br />
with online terminals as early as the<br />
summer of 1986. We offered manual<br />
service at 205 shops and trotting and<br />
thoroughbred tracks. Good advice was<br />
hard to come by but in 1987 we managed<br />
to train our agents and install our<br />
new electronic betting machines at 512<br />
shops.” he reminisces.<br />
but <strong>ATG</strong> also wanted to offer its<br />
customers more betting products.<br />
“håkan ‘lillis’ olsson was part of a<br />
project group and he said that in the uS<br />
there was a betting product called Daily<br />
Double. couldn’t this be something for<br />
us to build on?<br />
Yes, it certainly was…<br />
Following numerous tests and trial<br />
bets, <strong>ATG</strong> was prepared to present its<br />
new nationwide product: Daily Double<br />
(a double every day) and it was an immediate<br />
success.<br />
The premier turnover amounted to<br />
SEK 2,121,085 and those betting that<br />
lars lindberg would win the first race<br />
with overlord and Krister Söderholm the<br />
second with vic pride could claim winnings<br />
at the odds of 9.79.<br />
This was a case of under odds since<br />
overlord was at 5.21 to win and vic<br />
pride 2.79 to win. The reason for the<br />
under odds was that many people bet<br />
on the same number winning twice, in<br />
this case number 4.<br />
“When the same number wins twice<br />
or when the same driver wins twice,<br />
it ‘increases the risk’ of the DD odds<br />
being lower than the multiplied winning<br />
odds,” explains hasse Svennehed.<br />
but often DD has higher odds than<br />
the multiplied winning odds, as can be<br />
seen by the history of the 2,238 cases<br />
of under odds.<br />
The nearly 25 years of DD statistics<br />
offer more interesting facts…<br />
… the highest DD odds was noted<br />
at Jägersro on 14 February 2006 at<br />
4,687.75 when christoffer Eriksson<br />
won with ruwenzori at odds of 53.91<br />
and Jörgen Sjunnesson with Sötestina<br />
at odds of 52.21. The DD combination<br />
was 7.12.<br />
… the average DD odds is 78.65.<br />
… the highest winning odds was set<br />
at Täby Galopp on 27 August 1991<br />
when bonnie Sacc won at odds of<br />
215.24. John Fortune sat in the saddle<br />
of the Tommy Ahlbeck-trained threeyear<br />
old. bonnie Sacc only won two<br />
races in her career, and in this recordbreaking<br />
race, the breeders’ Trophy<br />
with prize money of SEK 385,000, she<br />
was by far the rank outsider in the field.<br />
… the highest DD turnover was noted at<br />
Solvalla on 27 May 2006 and reported<br />
at SEK 18,292,389. The 27 May was<br />
the v75 Saturday before the prestigious<br />
Elitloppet race. All of the entries<br />
in the top-ten list of highest turnovers<br />
come from Elitloppet Saturdays since<br />
2003.<br />
… there are two horses that have<br />
won the most, rambrico and victory<br />
Tilly with 19 DD victories each. A total<br />
of 9,506 horses have won the Daily<br />
Double.<br />
… the most triumphant driver is Örjan<br />
Kihlström with 798 DD victories under<br />
his belt. Åke Svanstedt is right behind<br />
with 766. Stig h Johansson is third with<br />
629. A total of 1,187 drivers/jockeys<br />
have won the Daily Double.<br />
… the five most common DD combinations<br />
are 1-5 (118 times), 1-1 (108),<br />
4-5 (103), 1-7 (102) and 5-5 (101).<br />
… in 2005 the Daily Double had a<br />
little brother, the lunch Double.<br />
(believe it or not there is actually<br />
one combination that has never<br />
occurred over the DD’s 25-year history,<br />
13-15. When will that happen…?)<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 29
TOGETHER WITH V75<br />
More and more people are betting on the V75<br />
together at agents and among friends. That is<br />
why <strong>ATG</strong> gave a sneak preview at the end of the<br />
year of its new product… V75 Together.<br />
You can create your own v75 club with your friends<br />
on https://tillsammans.atg.se. You can put together<br />
your system, discuss choices of horses with your<br />
other team members and if you win then the winnings<br />
are paid into the account of each member.<br />
Someone who had the chance to try out v75<br />
Together during the test period was Magnus långh,<br />
29, who shared winnings of SEK 126,000 together<br />
with his v75-björnen teammates.<br />
THE YEAR’S HIGHEST:<br />
… V75 turnover: SEK 104,351,155, Jägersro, 27 october.<br />
… V75 dividend: SEK 53,195,326, Åby, 14 January.<br />
… V65 turnover: SEK 7,385,243, Örebro, 12 July.<br />
… V65 dividend: SEK 4,196,854, Färjestad, 13 August.<br />
… V64 turnover: SEK 9,638,530, Örebro, 9 December.<br />
… V64 dividend: SEK 254,663, Gävle, 23 September.<br />
… V86 turnover: SEK 25,137,029, Solvalla, 8 February.<br />
… V86 dividend: SEK 5,351,761, Solvalla, 31 october.<br />
… V5 turnover: SEK 3,411,431, Solvalla, 27 May.<br />
… V5 dividend: SEK 1,369,783, Eskilstuna, 3 November.<br />
… V4 turnover: SEK 2,860,319, Solvalla, 26 May.<br />
… V4 dividend: SEK 554,334, romme, 15 December.<br />
… Win odds: 271.75, Germany, 26 August.<br />
… Daily Double odds: 1,018.43, Gävle, 26 August.<br />
… Quinella odds: 2,074.47, umeå, 27 April.<br />
… Trifecta-odds: 42,746.10, boden, 19 April.<br />
GREATER EXPORT – HIGH<br />
WINNINGS TO SOUTH AFRICA<br />
betting on Swedish trotting and thoroughbred<br />
races is attracting rising number of foreign customers.<br />
International betting generated SEk 2.5<br />
billion in turnover in <strong>2012</strong> (+18 per cent, 2011).<br />
A total of about 30 gambling companies in 19<br />
countries regularly arranged betting on Swedish<br />
races. The largest increase in volume was from Norway,<br />
South Africa, Finland and the uS.<br />
The largest winnings went to a bettor at <strong>ATG</strong>’s<br />
South-African partner, gambling company phumelela,<br />
who was the only customer to have three<br />
winning v75 coupons at the Elitloppet Saturday in<br />
May and thus won a total of SEK 65 million.<br />
PAGE 30 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
29 VICTORIES IN THE FIGHT<br />
AGAINST CANCER<br />
<strong>ATG</strong> pledged to donate SEk 5,000 to the Swedish cancer Society<br />
for each of his victories in May – and björn Goop did his very best,<br />
as he was first past the post with his horse 29 times during this<br />
period.<br />
<strong>ATG</strong> has been involved in the cancer Society’s annual campaign<br />
against prostate cancer for many years. Again in <strong>2012</strong> the Elitloppet<br />
Sunday opened with the cancer Society race that was won by Adrian<br />
Kolgjini and Nelson di Quattro. björn Goop and othello Jaycee led for<br />
much of the race but were overtaken at the finish.<br />
björn ran up 29 victories in May, corresponding in SEK 145,000 to<br />
the cancer Society. but in the winner’s circle after the cancer Society<br />
race remy Nilson, cEo of <strong>ATG</strong>, rounded the amount up and wrote SEK<br />
150,000 on the check.<br />
“We were delighted to receive such a large donation to continue to<br />
fight cancer,” said Stefan bergh from the cancer Society.
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 31
<strong>ATG</strong>’S BETTING PRODUCTS<br />
LAUNCHED: 1993<br />
TURNOVER IN <strong>2012</strong>: SEK 4,585 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 53,195,326<br />
NUmBER OF JACKPOTS IN <strong>2012</strong>: 19<br />
LAUNCHED: 2011<br />
TURNOVER IN <strong>2012</strong>: SEK 947 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 5,351,761<br />
NUmBER OF JACKPOTS IN <strong>2012</strong>: 18<br />
LAUNCHED: 1974, 2002, AND 2005<br />
TURNOVER IN <strong>2012</strong>: SEK 903 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 4,196,854<br />
NUmBER OF JACKPOTS IN <strong>2012</strong>: 27<br />
LAUNCHED: 1999, 2005<br />
TURNOVER IN <strong>2012</strong>: 237 MKR<br />
RECORD WINNINGS FOR <strong>2012</strong>: 254,663 KRoNoR<br />
NUmBER OF JACKPOTS IN <strong>2012</strong>: 25<br />
LAUNCHED: 2006<br />
TURNOVER IN <strong>2012</strong>: SEK 507 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 554,334<br />
LAUNCHED: 1959<br />
TURNOVER IN <strong>2012</strong>: SEK 374 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 1,369,783<br />
LAUNCHED: 1994<br />
TURNOVER IN <strong>2012</strong>: SEK 67 M<br />
RECORD WINNINGS FOR <strong>2012</strong>: SEK 86,400<br />
PAGE 32 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
// Normally arranged on Saturdays.<br />
// Forecast the winners in 7 races.<br />
// Dividend for 7, 6 and 5 correct.<br />
// Percentage share of pool per dividend category: 40–20–40.<br />
// Jackpot if no-one picks 7 corrects, or if the dividend for<br />
6 and/or 5 corrects is less than SEK 15; jackpot money is<br />
carried over to the following V75 meeting’s 7 correct pool.<br />
// Price per combination: SEK 0.5 (EUR 0.06)<br />
// Customers may choose to bet on 7 corrects only (V7). The win dividend<br />
is then 2.5 times the win dividend for picking 7 corrects.<br />
// Takeout 35%<br />
PLAYERS 65%<br />
// Normally arranged on Wednesdays.<br />
// Forecast the winners in 8 races.<br />
PLAYERS 75%<br />
PLAYERS 65%<br />
// Dividend for 8, 7 and 6 correct.<br />
// Percentage share of pool per dividend category: 40–20–40.<br />
// Jackpot if no-one picks 8 corrects, or if the dividend for 7 and/or 6 corrects is<br />
less than SEK 15; jackpot money is carried over to the following V86 meeting’s<br />
8 correct pool.<br />
// Price per combination: SEK 0.25 (EUR 0.03)<br />
// Customers may choose to bet on 8 corrects only (V8). The win dividend<br />
is then 2,5 times the win dividend for picking 8 corrects.<br />
// Takeout 35%<br />
// Normally arranged every day except Wednesday, Saturday and Sunday.<br />
// Forecast the corrects in 6 races.<br />
// Dividend for 6 and 5 correct.<br />
// Percentage share of pool per dividend category: 50–50.<br />
// Jackpot if no-one picks 6 corrects, or if the dividend for 5 corrects is<br />
less than SEK 20; jackpot money is carried over to the V65 meeting’s<br />
6 correct pool on the corresponding day the following week.<br />
// Price per combination: SEK 1 (€ 0,12)<br />
// Customers may choose to bet on 6 corrects only (V6). The win dividend<br />
is then 2 times the win dividend for picking 6 corrects.<br />
// Takeout 35%<br />
// Normally arranged on Sundays (since 25 March <strong>2012</strong>)<br />
// Forecast the corrects in 6 races.<br />
// Dividend for 6, 5 and 4 correct.<br />
// Percentage share of pool per dividend category: 40–20-40.<br />
// Jackpot if no-one picks 6 corrects, or if the dividend for 5<br />
and/or 4 winners is less than SEK 7; jackpot money is carried<br />
over to the following V64 meeting’s 6 correct pool.<br />
// Price per combination: SEK 1 (€ 0.12)<br />
// Customers may choose to bet on 6 corrects only (V6). The win dividend<br />
is then 2,5 times the win dividend for picking 6 winners.<br />
// Takeout 35%<br />
// Normally arranged once daily during lunchtime meetings.<br />
// Dividend for picking 4 corrects. If no one succeeds in selecting<br />
4 corrects, there is a dividend for picking 3 winners, and so forth.<br />
// Price per combination: SEK 2 (EUR 0.24)<br />
// Takeout 25%<br />
// Normally arranged on tracks with no V65 or V64 meetings.<br />
// Dividend for picking 5 corrects. If no one succeeds in selecting 5<br />
corrects, there is a dividend for picking 4 winners, and so forth.<br />
// Price per combination: SEK 1 (EUR 0.12)<br />
// Takeout 35%<br />
PLAYERS 70% 75% 70% 75%<br />
PLAYERS 65%<br />
PLAYERS 70%<br />
PLAYERS 80% 75% 80% 75%<br />
PLAYERS 65%<br />
PLAYERS 65%<br />
PLAYERS<br />
PLAYERS<br />
80% 75%<br />
70%<br />
80% 75%<br />
70%<br />
PLAYERS 75%<br />
PLAYERS 70%<br />
PLAYERS 80%<br />
PLAYERS 65%<br />
PLAYERS 70%<br />
// Normally arranged every race day.<br />
PLAYERS<br />
PLAYERS<br />
80%<br />
75%<br />
75%<br />
// Dividend for forecasting 3 corrects.<br />
// Bets consist of SEK 10 shares per horse.<br />
// Customers place as many shares as they wish on the 1st race.<br />
PLAYERS 80%<br />
// Shares placed on the winning horse are carried forward to the 2nd race;<br />
shares placed on the winner of the 2nd race are carried over to the 3rd race.<br />
// Dividends are paid on all winning shares.<br />
// Takeout 25%<br />
PLAYERS 70%<br />
70%<br />
THE SPORT SPO 22,75%<br />
THE TH STATE 12,25%<br />
THE SPORT 16,25%<br />
THE SPORT SPO 22,75%<br />
THE TH STATE 8,75%<br />
THE TH STATE 12,25%<br />
THE THE SPORT SPORT SPORT19,5%<br />
116,25%<br />
THE STATE 10,5%<br />
THE SPORT SPO THE TH STATE 22,75% 8,75%<br />
THE TH STATE 12,25%<br />
THE SPORT 19,5% 1<br />
THE SPORT SPOR 13%<br />
THE SPORT 16,25%<br />
THE STATE 10,5%<br />
THE SPORT SPO<br />
THE TH STATE<br />
22,75%<br />
7%<br />
THE TH STATE 8,75%<br />
THE SPORT SPO 22,75%<br />
THE TH STATE 12,25%<br />
THE<br />
THE<br />
SPORT<br />
SPORT SPOR<br />
19,5% 116,25%<br />
13%<br />
THE TH STATE 12,25%<br />
THE<br />
THE TH<br />
STATE<br />
STATE<br />
10,5%<br />
7%<br />
THE SPORT<br />
THE TH STATE<br />
16,25%<br />
8,75%<br />
THE TH STATE 8,75%<br />
THE SPORT 19,5% 1<br />
THE SPORT SPOR 13%<br />
THE STATE 10,5%<br />
THE<br />
THE SPORT THE TH<br />
SPORT SPO<br />
19,5% 1STATE<br />
22,75%<br />
7%<br />
THE STATE 10,5%<br />
THE TH THE TH STATE 12,25%<br />
THE SPORT SPOR SPORT SPORT13%<br />
16,25%<br />
THE TH STATE 7%<br />
THE TH THE TH STATE 8,75%<br />
THE SPORT SPOR 13%<br />
THE TH STATE 7%<br />
THE SPORT 19,5% 1<br />
THE<br />
STATE 10,5%
LAUNCHED: 1923<br />
TURNOVER IN <strong>2012</strong>: SEK 1,144 M<br />
RECORD ODDS IN <strong>2012</strong>: 271.75<br />
LAUNCHED: 1923<br />
TURNOVER IN <strong>2012</strong>: SEK 426 M<br />
RECORD ODDS IN <strong>2012</strong>: 50.34<br />
LAUNCHED: 1987<br />
TURNOVER IN <strong>2012</strong>: SEK 1,572 M<br />
RECORD ODDS IN <strong>2012</strong>: 1,018.43<br />
LAUNCHED: 2005<br />
TURNOVER IN <strong>2012</strong>: SEK 278 M<br />
RECORD ODDS IN <strong>2012</strong>: 2,013.56<br />
LAUNCHED: 2001<br />
TURNOVER IN <strong>2012</strong>: SEK 383 M<br />
RECORD ODDS IN <strong>2012</strong>: 42,746.10<br />
LAUNCHED: 2004<br />
TURNOVER IN <strong>2012</strong>: SEK 984 M<br />
RECORD ODDS IN <strong>2012</strong>: 2,074.47<br />
LAUNCHED: 1937<br />
TURNOVER IN <strong>2012</strong>: SEK 48 M<br />
RECORD ODDS IN <strong>2012</strong>: 1,022.72<br />
// Available on all races.<br />
// Customers forecast the winner.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 20%<br />
// Available on all races.<br />
// Customers forecast a horse to finish 1st, 2nd or 3rd.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 20%<br />
// Arranged on the track offering V75, V86, V64 or V65.<br />
// Customers select the winners in 2 selected races.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 25%<br />
// Normally arranged at the track hosting lunchtime meetings.<br />
// Customers select the winners in 2 selected races.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 25%<br />
// Arranged every day in selected races.<br />
// Customers forecast the horses to finish 1st, 2nd<br />
and 3rd, in exact order, in selected races.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 2 (EUR 0.24)<br />
// Takeout 30%<br />
// Available on all trotting races.<br />
// Customers forecast the horses to finish 1st and 2nd, in any order.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 20%<br />
// Available on all thoroughbred races.<br />
// Customers forecast the horses to finish 1st and 2nd, in exact order.<br />
// Dividend = odds x stake.<br />
// Minimum stake SEK 5 (EUR 0.60)<br />
// Takeout 20%<br />
PLAYERS<br />
PLAYERS<br />
80%<br />
70%<br />
80%<br />
70%<br />
PLAYERS 80%<br />
PLAYERS 65%<br />
PLAYERS 75%<br />
PLAYERS 65%<br />
PLAYERS 65%<br />
PLAYERS 65%<br />
PLAYERS 75%<br />
PLAYERS PLAYERS 70% 65%<br />
PLAYERS 75%<br />
PLAYERS 75%<br />
PLAYERS 75%<br />
PLAYERS 70%<br />
PLAYERS 80% 70% 80% 70%<br />
PLAYERS 70%<br />
PLAYERS 70%<br />
PLAYERS 80%<br />
PLAYERS 80%<br />
PLAYERS 80%<br />
PLAYERS 80%<br />
THE TH STATE 8,75%<br />
THE<br />
THE<br />
SPORT<br />
SPORT SPOR<br />
19,5% 1<br />
13%<br />
THE<br />
THE TH<br />
STATE<br />
STATE<br />
10,5%<br />
7%<br />
THE SPORT SPOR 13%<br />
THE TH STATE 7%<br />
THE SPORT SPO 22,75%<br />
THE TH STATE 12,25%<br />
THE SPORT 16,25%<br />
THE SPORT SPO 22,75%<br />
THE SPORT SPO THE TH STATE 22,75% 8,75%<br />
THE SPORT SPO 22,75%<br />
THE TH STATE 12,25%<br />
THE TH STATE 12,25%<br />
THE TH STATE 12,25%<br />
THE THE SPORT SPORT 19,5% 1 16,25%<br />
THE SPORT 16,25%<br />
THE THE SPORT SPORT SPO16,25%<br />
22,75%<br />
THE STATE 10,5%<br />
THE TH STATE 8,75%<br />
THE TH STATE 8,75%<br />
THE TH STATE 8,75%<br />
THE TH STATE 12,25%<br />
THE SPORT 16,25%<br />
THE SPORT 19,5% 1<br />
THE THE SPORT SPOR19,5%<br />
1 13%<br />
THE SPORT 19,5% 1<br />
THE THE TH STATE 10,5% 8,75%<br />
THE THE THSTATE<br />
STATE 10,5% 7%<br />
THE STATE 10,5%<br />
THE SPORT 19,5% 1<br />
THE SPORT SPOR 13%<br />
THE SPORT SPOR THE 13% STATE 10,5%<br />
THE SPORT SPOR 13%<br />
THE TH STATE 7%<br />
THE TH STATE 7%<br />
THE TH STATE 7%<br />
THE SPORT SPOR 13%<br />
THE TH<br />
STATE 7%<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 33
THE CHAIRmAN’S VIEW<br />
<strong>2012</strong> was a challenging year for <strong>ATG</strong> with a decline in turnover and a<br />
loss of market shares. However, it was also a year during which regulated<br />
actors in the Swedish gambling market suffered additional setbacks.<br />
PAGE 34 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
I would like to start by giving my heartfelt appreciation<br />
to remy Nilson who stepped down as cEo in<br />
December, after 25 years at <strong>ATG</strong>, 17 as Marketing Manager<br />
and eight years as chief Executive officer. praise<br />
for remy and his importance for <strong>ATG</strong> and horse racing<br />
has quite rightly been generous; sentiments with which<br />
I can only wholeheartedly agree.<br />
In parallel with thanking Remy I would also like to<br />
welcome Hasse Skarplöth, <strong>ATG</strong>’s new CEO since<br />
January 2013.<br />
I and the other board members look forward to<br />
working together with hasse. With his background in<br />
the world of media, in combination with his proven<br />
excellent business acumen, and a major interest in<br />
horses into the bargain, <strong>ATG</strong> has a new cEo that is<br />
well-equipped to take on <strong>ATG</strong>’s existing and future<br />
challenges. because, to say the least, it is challenging<br />
times that face us.<br />
In <strong>2012</strong>, <strong>ATG</strong> posted its fourth best earnings in the<br />
company’s history, SEK 12.4 billion, but we lost<br />
turnover as well as market shares. Despite this, we<br />
were able to distribute more funds than ever to active<br />
participants in the sport. We have consistently accumulated<br />
smaller surpluses in our balance sheet which<br />
is now proving useful in more austere times. Naturally,<br />
our aim is to as rapidly as possible reach a turnover of<br />
SEK 13 billion again, which will require hard work to<br />
achieve.<br />
We are meeting increasing competition, both from<br />
actors that have permits to offer gambling experiences<br />
in the Swedish market, which is as it should be,<br />
and actors that operate in Sweden without permits,<br />
which is not as it should be. competition with these<br />
unregulated firms is becoming increasingly unreasonable.<br />
For many years now, we have been competing<br />
against gambling companies that neither pay tax in<br />
Sweden nor contribute to the equine industry that <strong>ATG</strong><br />
distributes its surplus to, and which employs close<br />
to 30,000 people. These gambling companies have<br />
no obligation regarding payback to the bettors, nor<br />
are they subject to the Swedish Gambling Authority’s<br />
controls with regard to initiatives to counter gambling<br />
addiction. Despite the above, they have hundreds of<br />
thousands of customers in Sweden.<br />
The situation reached an even more acute stage when<br />
the Supreme court of Sweden decided not to convict<br />
the newspapers Expressen and Aftonbladet for breach<br />
of the prohibition on promotion under the law on<br />
lotteries. In reality, this decision means that foreign<br />
unregulated gambling companies are free to market<br />
their offering in Sweden in parallel with increasing<br />
restrictions for regulated actors. We have already seen<br />
the first major advertising campaigns. Accordingly, the<br />
prohibition on promotion is thus meaningless and has<br />
been removed from the equation.<br />
In <strong>2012</strong>, trotting and thoroughbred racing received<br />
slightly more than SEK 1.7 billion from <strong>ATG</strong> which<br />
also paid SEK 1.3 billion in tax to the Swedish public<br />
exchequer.<br />
A stable majority exists in the riksdag (Swedish<br />
parliament) for re-regulation of the Swedish gambling<br />
policy. I hope this leads to the ambitious efforts, started<br />
by the Alliance back in autumn 2006, now being<br />
finalised as soon as possible. Time is running out.<br />
Mats<br />
Denninger
3%<br />
KEY INDICATORS<br />
KEY INDICATORS, SEK m <strong>2012</strong> 2011 2010 2009 2008<br />
Turnover<br />
ÖVRIGT 3%<br />
12,420 13,111 12,804 12,688 11,972<br />
Tracks BINGOLOTTO 2%<br />
POSTKODLOTTERIET 7%<br />
600 699 719 ÖVRIGA EUROPA 817 10% 918<br />
Agents 6,883 7,605 7,822 8,197 8,108<br />
E-channels <strong>ATG</strong> 31%<br />
SVENSKA SPEL 4,936 4,807 4,262 3,673 2,946<br />
International<br />
INKL. POKER 54%<br />
2,520 2,141 1,756 1,572<br />
FINLAND 9%<br />
1,332<br />
Horse racing fund 530 656 637 610 488<br />
Income for the year –126 19 27 REST OF 122<br />
THE WORLD 21%<br />
69<br />
Contribution to horse racing<br />
CASINO<br />
COSMOPOL 3%<br />
1,719 1,687 1,639 1,516 1,520<br />
<strong>ATG</strong>’s turnover, by sales channel<br />
POSTKODLOTTERIET 7%<br />
TRACKS 5%<br />
SVENSKA SPEL<br />
E-CHANNELS INKL. 40% POKER 54%<br />
AGENTS 55%<br />
Distribution of <strong>ATG</strong>’s international turnover<br />
AGENTS 55%<br />
REST OF EUROPE 10%<br />
FINLAND 9%<br />
REST OF<br />
THE WORLD 21%<br />
DENMARK 18%<br />
NORWAY 42%<br />
Market shares in the regulated<br />
Swedish gambling market<br />
ÖVRIGA EUROPA 10%<br />
FOLKSPEL INCLUDING<br />
BINGOLOTTO 2%<br />
BINGO 2%<br />
THE SWEDISH<br />
FINLAND 9%<br />
POSTCODE LOTTERY 7%<br />
REST OF<br />
THE WORLD 21%<br />
<strong>ATG</strong> 30%<br />
DENMARK 18%<br />
DENMARK 18%<br />
NORWAY<br />
OTHER 12%<br />
42%<br />
SVENSKA SPEL<br />
TRIFECTA 8%<br />
INCL. POKER 51%<br />
QUINELLA 12%<br />
V65 11%<br />
betting products, international distribution<br />
TRIFECTA 8%<br />
E-CHANNELS 40%<br />
QUINELLA 12%<br />
CASINO COSMOPOL 3%<br />
OTHER 12%<br />
TRACKS 5%<br />
V65 11%<br />
OTHER 5%<br />
V75 14%<br />
AGENTS 55%<br />
DD/LD 13%<br />
VP 17%<br />
V4 13%<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 35<br />
V75<br />
DD/LD
ADmINISTRATION REPORT<br />
The Board of Directors and Chief Executive Officer of AB Trav och Galopp,<br />
Corp. Reg. No. 556180-4161, hereby submit the annual report and consolidated<br />
financial statements for the <strong>2012</strong> fiscal year.<br />
PAGE 36 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
INFORMATION ON OPERATIONS<br />
unless otherwise stated, all information refers to the parent<br />
company. See the accounting policies on page 44.<br />
Mandate<br />
Ab Trav och Galopp is responsible for betting operations<br />
and for placing financial resources at the disposal<br />
of horse racing to ensure long-term, positive progress.<br />
The State assumes its responsibly by granting licences<br />
to Ab Trav och Galopp so that the company is provided<br />
the conditions necessary to fulfil its mandate.<br />
business concept<br />
To make betting on horseracing an all-round experience,<br />
with due consideration of the considerable<br />
responsibility involved.<br />
Shareholders<br />
The shares in <strong>ATG</strong> are 90-per cent owned by the<br />
Swedish Trotting Association (ST) and 10-per cent<br />
owned by the Swedish Jockey club (SG). According<br />
to an agreement between the State and ST/SG, the<br />
Government appoints six members of the board, one<br />
of whom is chairman, while five are elected by the<br />
<strong>Annual</strong> General Meeting, of whom ST nominates four<br />
and SG one.<br />
In addition, the company’s employee representative<br />
organisations nominate one member.<br />
<strong>ATG</strong><br />
Turnover<br />
In <strong>2012</strong>, for the third time in <strong>ATG</strong>’s almost 40-year<br />
history, turnover declined year-on-year. Total turnover<br />
was SEK 12,420 million (13,111), down 5.3 per cent.<br />
The net totalisator profit declined correspondingly<br />
and totalled SEK 3,746 million (3,970). Net totalisator<br />
profit is defined as turnover less customers’ winnings.<br />
The v75 betting product continues to defend its position<br />
as most players’ favourite. v75 turnover totalled<br />
SEK 4,585 million (4,931), down 7 per cent. v86<br />
replaced v64 as the Wednesday betting product at<br />
the end of 2011. Turnover has not met expectations<br />
and totalled SEK 948 million (1,011). As in preceding<br />
years, Dagens Dubbel (Daily Double) – including lunch<br />
Dubbel (lunchtime Double) – was <strong>ATG</strong>’s second largest<br />
betting product, with SEK 1,850 million (1,993)<br />
in turnover.<br />
During <strong>2012</strong>, cooperation with international partners<br />
progressed, leading to increased turnover in betting<br />
from abroad to Sweden (export) and on betting from<br />
Sweden on international horseracing (import). Export<br />
increased to SEK 2,530 million (2,140) and import to<br />
SEK 470 million (357). betting from Sweden on races<br />
abroad is taxed in Sweden, while the foreign betting<br />
inflow to Swedish pools is taxed in each source<br />
country.<br />
<strong>ATG</strong> overheads and net financial income<br />
Savings on variable and administrative expenses in<br />
combination with improved net earnings from international<br />
operations offset cost increases for sales and<br />
IT operations. Non-recurring costs amounted to SEK 5<br />
million (16). <strong>ATG</strong>’s total personnel expenses, including<br />
social security expenses, were SEK 174 million<br />
(163). The increase was attributable to an increase in<br />
the number of employees and contractual pay rises.<br />
personnel expenses are included in the respective<br />
operations’ total costs.<br />
Depreciation of fixed assets decreased marginally.<br />
<strong>ATG</strong>’s total overheads, excluding net financial income,<br />
totalled SEK 801 million (840).<br />
Net financial items declined to SEK 17 million (19),<br />
which was attributable to <strong>ATG</strong>’s decline in earnings<br />
and lower interest rates.<br />
<strong>ATG</strong>’s total net overheads totalled SEK 784 million<br />
(822).<br />
Allocations to horse racing<br />
Total allocations to the sport amounted to SEK 1,719<br />
million (1,687), which was distributed to trotting and<br />
thoroughbred racing.
Allocation to trotting and thoroughbred racing tracks<br />
is undertaken through a system linked to the tracks’<br />
racing programmes, with remuneration divided up into<br />
three components: basic amount, cost compensation<br />
for race meetings and compensation for prize money.<br />
There is also the potential for incentive remuneration<br />
for tracks that have pursued the development of gambling<br />
and the sport. Allocation to tracks also includes<br />
remuneration for youth activities and investment<br />
grants for improved racetrack infrastructure.<br />
Allocations to central organisations as well as trotting<br />
and thoroughbred racing tracks totalled SEK 1,550<br />
million (1,516), the majority of which comprised prize<br />
money compensation to racetracks, which in turn paid<br />
the horse owners, in a total of SEK 821 million (782).<br />
The allocation to trotting and thoroughbred racing<br />
tracks for operation and race activities was the next<br />
largest item at SEK 590 million (574).<br />
Allocations to breeders, owners and trainers declined<br />
slightly and totalled SEK 169 million (171).<br />
Allocation to the State<br />
A new agreement was reached in June 2011 between<br />
the State and the trotting and thoroughbred organisations.<br />
The agreement extended for the period 30<br />
June 2011 to 31 December <strong>2012</strong>, with the possibility<br />
of extending it for an additional six months, which the<br />
government chose to utilise. Accordingly, unchanged<br />
terms and conditions apply for the first six months of<br />
2013.<br />
The totalisator tax is computed as a percentage on<br />
the basis of the gross surplus after deductions for<br />
payments to customers and additions for fractions and<br />
unredeemed winnings. In addition, <strong>ATG</strong> is to make a<br />
provision for general contributions to promote national<br />
interests in the equine sector in Sweden. The provision<br />
amounted to SEK 50 million (48).<br />
Totalisator tax and provisions amounted to SEK 1,369<br />
million (1,442).<br />
Earnings<br />
<strong>ATG</strong>’s profit before allocations to the sport and State<br />
amounted to SEK 2,962 million (3,148). Earnings for<br />
the year totalled SEK 126 million (19).<br />
balance sheet, financing, and equity/assets ratio<br />
The balance sheet declined from SEK 1,384 million in<br />
the preceding year to SEK 1,243 million of which an<br />
increase of SEK 74 million was attributable to receivables<br />
from agents, which was a calendar effect. receivables<br />
from racetracks included in <strong>ATG</strong>’s Group account<br />
increased by SEK 59 million as a result of racetracks<br />
utilising their internal credit facilities to a greater<br />
extent than in preceding years. The decrease was<br />
largely attributable to a decrease in liquidity of SEK<br />
260 million while an opposite effect was supplied by<br />
the increase in receivables from agents and racetracks.<br />
In total, these receivables increased SEK 133 million<br />
of which receivables from agents accounted for an<br />
increase of SEK 74 million which was a calendar effect.<br />
Investments during the year were financed thorough<br />
<strong>ATG</strong>’s own resources and totalled SEK 109 million<br />
(130). capitalised investments pertained primarily to<br />
the development of betting and sports systems as well<br />
as web applications. The development of a new betting<br />
terminal for agents was recognised under projects in<br />
progress.<br />
At year-end, total capital amounted to SEK 578 million<br />
(704) with the equity/assets ratio at 46.5 per cent<br />
(50.9).<br />
kanal 75 Ab<br />
Kanal 75 is a wholly owned subsidiary of <strong>ATG</strong>. The<br />
company’s operations are aimed at capturing and stimulating<br />
interest in Swedish trotting and thoroughbred<br />
racing as well as betting on horses by providing betting<br />
and sport information through various forms of media,<br />
print, Internet, television, mobile devices and other<br />
distribution forms available in the media market.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 37
ADmINISTRATION REPORT<br />
PAGE 38 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
During the year, all trotting and thoroughbred races<br />
were provided television coverage by Kanal 75. In<br />
<strong>2012</strong>, the transition was made for all production from<br />
SD to hD technology. Development to distribute the<br />
material via the Internet has been intiated and will increase,<br />
which will facilitate reaching more and younger<br />
customers.<br />
A key task for Kanal 75 is to support international<br />
operations through the distribution of television broadcasts<br />
to <strong>ATG</strong>’s international partners.<br />
THE WORk OF THE bOARD<br />
The members of the board and its composition are<br />
presented separately on page 54.<br />
During <strong>2012</strong>, the board held eight minuted meetings.<br />
The board and the management of <strong>ATG</strong> addressed<br />
strategies and other general corporate issues at a<br />
special strategy meeting. The board has appointed an<br />
Audit committee and a remuneration committee from<br />
among its members.<br />
The board adopted a written formal work plan and instructions<br />
for the division of work between the board<br />
and chief Executive officer and for financial reporting.<br />
The board has also adopted a written formal work plan<br />
for <strong>ATG</strong>’s Audit committee.<br />
The board adopted a financial policy governing the<br />
company’s general financial risk management which is<br />
primarily limited to ongoing appropriations of liquidity.<br />
ENVIRONMENTAL INFORMATION<br />
At hästsportens hus we use Green electricity. This<br />
renewable energy has a certificate of origin and is<br />
produced by solar, wind and hydro power as well as<br />
bio-fuel. our standard models of client computers<br />
are all bromine and pvc free and have a number<br />
of eco-labels. Through recycling scrap computers<br />
and screens, all metal components and substantial<br />
amounts of other material is taken care of. All other<br />
waste is sorted by source.<br />
<strong>ATG</strong> works consistently to reduce its consumption<br />
of paper among its <strong>ATG</strong> agents. This primarily involves<br />
free race cards, tickets and betting slips, but the<br />
company is also working with customising advertising<br />
materials for agents in order to counteract surplus<br />
copies. The use of paper is declining in pace with the<br />
increasing use of the Internet for information and betting<br />
purposes.<br />
Responsible gambling<br />
In <strong>2012</strong>, <strong>ATG</strong> launched responsible gambling pages for<br />
mobile devices and a self-assessment test (Gamtest),<br />
enabling individuals to test themselves via a mobile<br />
device through answering 16 questions to identify<br />
whether the individual has or is at risk of having<br />
problems with gambling. The same test is available<br />
online at <strong>ATG</strong>.se. Investment is continuing in training<br />
in responsible gambling for employees, racetracks and<br />
agents. During <strong>2012</strong>, focus was on racetrack personnel.<br />
Additonal information about <strong>ATG</strong>’s responsible gambling<br />
efforts is available on pages 14–15.<br />
FUTURE TRENDS AND EVENTS IN 2013<br />
For the full year, <strong>ATG</strong>’s turnover in Sweden is expected<br />
to remain approximately in line with the preceding<br />
year, since no major sporting events are planned for<br />
2013. The negative trend in turnover continued during<br />
the first two months of the year and turnover in Swe-
den declined by slightly less than 5 per cent compared<br />
with the same period the previous year. The calendar<br />
effect accounts for about 1 per cent of the decline<br />
and v86 for about 2 per cent. The turbulent economy<br />
and increased competition also impact <strong>ATG</strong>’s turnover.<br />
International collaboration is expected to increase as<br />
is increased collaboration with the Nordic countries.<br />
During the year, betting terminals will be replaced at<br />
all agents and, in parallel, the <strong>ATG</strong> sign will be replaced<br />
with a new sign bearing <strong>ATG</strong>’s new logotype. The<br />
new terminal will enable the continued development of<br />
the agent channel.<br />
In 2013, no changes are expected to terms and<br />
conditions for the Swedish gambling market for which<br />
reason <strong>ATG</strong> will continue to operate in a market with<br />
differing competitive conditions. The Supreme court<br />
announced in January 2013 that <strong>ATG</strong> had not been<br />
granted leave to appeal the case pertaining to the<br />
application for a lawsuit against unibet under the<br />
Act on copyright and the Eu Directive on the legal<br />
protection of Databases. Accordingly, Svea court of<br />
Appeal’s judgment that <strong>ATG</strong> shall compensate unibet<br />
for its court costs applies. The Supreme court has also<br />
acquitted two newspapers regarding the prohibition on<br />
promotion for foreign gambling companies’ advertisements<br />
in the Swedish market. The judgement means<br />
that it is still not permitted to accept advertisements<br />
from foreign gambling companies but if this occurs<br />
there are no consequences for such actions.<br />
ALLOcATION OF THE cOMPANY’S PROFIT<br />
Parent company<br />
In accordance with the Articles of Association, the<br />
<strong>Annual</strong> General Meeting is not entitled to decide on<br />
dividends to shareholders and other similar measures.<br />
The board proposes that<br />
• the loss for the year of SEK 126 million be transferred<br />
to the horseracing Fund, and<br />
• the remaining funds in the horseracing Fund, SEK<br />
530 million be carried forward to a new account.<br />
With regard to the company’s earnings and position in<br />
general, please refer to the following income statement,<br />
balance sheet, cash-flow statement and notes<br />
to the financial statements.<br />
No transfer is proposed of the Group’s non-restricted<br />
funds to restricted reserves.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 39
INCOmE STATEmENTS<br />
PAGE 40 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
GROUP PARENT COmPANY<br />
AmOUNTS IN SEK m NOTE <strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Net turnover 1) 2 12,419.6 13,111.3 12,419.6 13,111.3<br />
Fractions and unredeemed winnings 68.6 77.3 68.6 77.3<br />
Commission to foreign partners –21.1 –16.6 –21.1 –16.6<br />
Payout to customers –8,720.6 –9,202.3 –8,720.6 –9,202.3<br />
NET TOTALISATOR PROFIT 2 3,746.5 3,969.7 3,746.5 3,969.7<br />
Betting-operation expenses 3 –846.7 –865.8 –950.1 –970.3<br />
Administrative expenses 4 –103.2 –110.9 –98.5 –107.0<br />
Other operating income 5 391.1 398.7 307.7 312.9<br />
Other operating expenses 6 –241.3 –261.4 –59.9 –76.0<br />
OPERATING PROFIT 1, 7 2,946.4 3,130.3 2,945.7 3,129.3<br />
Interest and other financial income 17.2 18.6 17.6 19.0<br />
Interest expenses and similar profit/loss items –1.1 –0.6 –1.0 –0.4<br />
PROFIT BEFORE ALLOCATION 2,962.5 3,148.3 2,962.3 3,147.9<br />
Allocated to trotting and thoroughbred racing 8 –1,718.9 –1,686.8 –1,718.9 –1,686.8<br />
PROFIT BEFORE TAX AND AGREEmENTS 1,243.6 1,461.5 1,243.4 1,461.1<br />
Totalisator tax –1,319.2 –1,394.5 –1,319.2 –1,394.5<br />
Commitment pursuant to agreement with the Swedish State –50.0 –48.0 –50.0 –48.0<br />
Tax on profit for the year 9 –0.1 –0.1 – –<br />
NET PROFIT FOR THE YEAR –125.7 18.9 –125.8 18.6<br />
1) Turnover including betting from foreign countries amounted to SEK 14,947.7 million (15,252.2). Turnover<br />
derived from foreign countries is reported and taxed in the country in which the turnover is generated.
CASHFLOW STATEmENT<br />
GROUP PARENT COmPANY<br />
NOTE <strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Operating activities<br />
Profit before tax and agreements 1,243.6 1,461.5 1,243.4 1,461.1<br />
Adjustments for non-cash items 109.8 110.1 94.0 97.2<br />
1,353.4 1,571.6 1,337.4 1,558.3<br />
Totalisator tax paid –1,319.2 –1,394.5 –1,319.2 –1,394.5<br />
Commitment pursuant to agreement with the State –50.0 –48.0 –50.0 –48.0<br />
Income tax paid –0.1 –0.1 – –<br />
CASH FLOW FROm OPERATING ACTIVITIES BEFORE<br />
CHANGES IN WORKING CAPITAL –15.9 129.0 –31.8 115.8<br />
Cash flow from changes in working capital<br />
Increase (–)/Decrease (+) in receivables –119.1 –80.3 –113.3 –77.0<br />
Increase (+)/Decrease (–) in liabilities –17.0 96.0 –15.4 96.1<br />
CASH FLOW FROm OPERATING ACTIVITIES –152.0 144.7 –160.5 134.9<br />
Investment activities<br />
Purchase of intangible assets –63.9 –66.5 –63.9 –65.4<br />
Purchase of tangible assets –48.6 –86.4 –44.6 –64.4<br />
Acquisition of long-term securities 0.0 –210.0 0.0 –210.0<br />
Increase (–)/Decrease (+) in promissory note receivables 4.5 4.4 9.0 –9.1<br />
CASH FLOW FROm INVESTING ACTIVITIES –108.0 –358.5 –99.5 –348.9<br />
CASHFLOW FOR THE YEAR –260.0 –213.8 –260.0 –214.0<br />
CASH AND CASH EQUIVALENTS, 1 JANUARY 499.4 713.2 498.9 712.9<br />
CASH AND CASH EQUIVALENTS, 31 DECEmBER 16 239.4 499.4 238.9 498.9<br />
Supplementary disclosure to the cash-flow statement<br />
Adjustment for non-cash items<br />
Depreciation of assets 109.8 110.1 94.0 97.2<br />
109.8 110.1 94.0 97.2<br />
Interest paid and dividends received<br />
Interest received 17.2 18.6 17.6 19.0<br />
Interest paid –1.1 –0.6 –1.0 –0.4<br />
cash and cash equivalents<br />
The following sub-components are included in cash<br />
and cash equivalents:<br />
16.1 18.0 16.6 18.6<br />
Cash and bank balances1) 239.4 320.7 238.9 320.2<br />
Current investments – 178.7 – 178.7<br />
1) Of cash and cash equivalents at year-end, SEK 153.7 million (141.9) derived<br />
from funds held in trust that belong to account customers.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 41
BALANCE SHEETS<br />
ASSETS GROUP PARENT COmPANY<br />
PAGE 42 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
NOTE 31 DEC <strong>2012</strong> 31 DEC 2011 31 DEC <strong>2012</strong> 31 DEC 2011<br />
Fixed assets<br />
Intangible assets<br />
Software 87.4 97.9 85.7 95.3<br />
Projects in progress 63.0 37.8 63.0 37.8<br />
10 150.4 135.7 148.7 133.1<br />
Tangible assets<br />
Buildings 0.0 0.0 0.0 0.0<br />
Equipment 139.5 136.4 95.9 97.0<br />
Projects in progress – 15.1 – –<br />
11,12 139.5 151.5 95.9 97.0<br />
Financial assets<br />
Shares in Group companies 13 – – 0.1 0.1<br />
Long-term receivables, Group companies – – 9.0 13.5<br />
Long-term securities 210.0 210.0 210.0 210.0<br />
Other long-term receivables 14 107.1 111.6 107.1 111.6<br />
317.1 321.6 326.2 335.2<br />
TOTAL FIXED ASSETS 607.0 608.8 570.8 565.3<br />
current assets<br />
Current receivables<br />
Accounts receivable 17.3 20.6 15.8 19.4<br />
Receivables from Group companies – – 26.1 33.2<br />
Other receivables 15 372.8 249.8 362.6 238.2<br />
Prepaid expenses and accrued income 29.7 30.3 28.7 29.1<br />
419.8 300.7 433.2 319.9<br />
Current investments 16 – 178.7 – 178.7<br />
Cash and bank balances 17 239.4 320.7 238.9 320.2<br />
TOTAL CURRENT ASSETS 659.2 800.1 672.1 818.8<br />
TOTAL ASSETS 1,266.2 1,408.9 1,242.9 1,384.1
BALANCE SHEETS<br />
ASSETS GROUP PARENT COmPANY<br />
Shareholders’ equity 18<br />
Restricted equity<br />
NOTE 31 DEC <strong>2012</strong> 31 DEC 2011 31 DEC <strong>2012</strong> 31 DEC 2011<br />
Share capital (400,000 shares) 40.0 40.0 40.0 40.0<br />
Restricted reserves 8.2 8.2 8.0 8.0<br />
Non-restricted equity<br />
48.2 48.2 48.0 48.0<br />
Horseracing Fund 657.0 637.1 655.6 637.0<br />
Non-restricted reserves – 1.0 – –<br />
Net profit for the year –125.7 18.9 -125.8 18.6<br />
531.3 657.0 529.8 655.6<br />
TOTAL SHAREHOLDERS’ EQUITY 579.5 705.2 577.8 703.6<br />
Deferred tax 0.1 0.1 – –<br />
Current liabilities<br />
Accounts payable 96.0 103.1 78.9 85.1<br />
Liability to E-channels 182.8 164.2 182.8 164.2<br />
Other liabilities 19 317.3 339.6 316.2 338.6<br />
Accrued expenses and deferred income 20 90.5 96.7 87.2 92.6<br />
686.6 703.6 665.1 680.5<br />
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 1,266.2 1,408.9 1,242.9 1,384.1<br />
Pledged assets and contingent liabilities<br />
Guarantees for <strong>ATG</strong> Hästklinikerna AB 64.2 72.2 64.2 72.2<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 43
NOTES<br />
Amounts in SEK million, unless otherwise stated.<br />
Accounting policies<br />
This annual report has been prepared in accordance with the Swedish<br />
<strong>Annual</strong> Accounts Act and general recommendations of the Swedish<br />
Accounting Standards Board in addition to BFNAR 2008:1 <strong>Annual</strong> Accounts<br />
for Small Limited Liability Companies (K-2 rules). In the event<br />
that there is no general recommendation issued by the Accounting<br />
Standards Board, guidance has been obtained from the Swedish<br />
Financial Accounting Standards Council, as noted below. The income<br />
statement has been adapted to take into account the specific focus of<br />
the operation.<br />
Valuation principles, etc.<br />
Assets and liabilities are valued at cost, unless otherwise stated<br />
below.<br />
Receivables<br />
Following individual valuation, receivables are reported in the amount<br />
expected to be received by the company.<br />
Receivables and liabilities in foreign currencies<br />
Receivables and liabilities in foreign currencies are restated at the<br />
closing rate in accordance with recommendation R8 of the Swedish<br />
Financial Accounting Standards Council. Exchange-rate differences in<br />
operating receivables and operating liabilities are included in operating<br />
profit, while differences in financial receivables and liabilities are<br />
reported among financial items.<br />
In so far as receivables and liabilities in foreign currencies were covered<br />
by forward contracts, these have been restated at the forward<br />
rate.<br />
Income<br />
<strong>ATG</strong>’s income is reported when the results of trotting and thoroughbred<br />
races have been confirmed following the completion of races.<br />
Income taxes<br />
<strong>ATG</strong>’s operation is exempt from tax, and accordingly, no taxable temporary<br />
differences or deductible temporary differences accrue in the<br />
company. No taxable temporary differences or deductible temporary<br />
differences exist in the subsidiary Kanal 75 AB.<br />
Depreciation principles for fixed assets<br />
Depreciation according to plan is based on the original cost. Depreciation<br />
is applied over the asset’s useful life down to an estimated<br />
residual value.<br />
The following depreciation periods are applied:<br />
PAGE 44 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
GROUP<br />
PARENT<br />
COMPANY<br />
Intangible assets<br />
Software 5 year 5 year<br />
Tangible assets<br />
Equipment<br />
Computers 5 year 5 year<br />
Terminals 3 year 3 year<br />
Other equipment 5 year 5 year<br />
Leasing – lessee<br />
The Swedish Financial Accounting Standards Council’s recommendation<br />
RR6:99 is applied. In the consolidated financial statements,<br />
leasing is classified as financial leases or operating leases. Financial<br />
leases apply when the financial risks and rewards related to ownership<br />
are essentially transferred to the Group. If this is not the case, it<br />
is a matter of an operating lease.<br />
Assets leased in accordance with the terms of a financial lease are reported<br />
as an asset in the consolidated balance sheet. The obligation<br />
to pay future leasing fees is reported as long-term and current liabilities.<br />
These assets are depreciated according to plan while leasing<br />
payments are reported as interest and amortisation of liabilities.<br />
E-channels<br />
E-customers’ funds held with <strong>ATG</strong> are reported under the heading<br />
short-term liabilities as “liabilities, E-channels.”<br />
consolidated financial statements<br />
The consolidated financial statements were prepared in accordance<br />
with the Swedish Financial Accounting Standards Council’s recommendation<br />
(RR1:00). The consolidated financial statements comprise<br />
of the Parent Company, AB Trav och Galopp, and the wholly owned<br />
subsidiary Kanal 75 AB.<br />
In the Administration <strong>Report</strong>, only information relating to the<br />
Parent Company is presented. The data for the Group essentially<br />
corresponds to that of the Parent Company and only diverges with<br />
regard to the external costs and investments of the subsidiary Kanal<br />
75 AB.<br />
Group information<br />
The company is 90-per cent owned by the Swedish Trotting Association,<br />
Corp. Reg. No. 802003-5575, and 10-per cent owned by the<br />
Swedish Jockey Club, Corp. Reg. No. 802001-1725, both of which<br />
have their registered offices in Stockholm.<br />
Of the Parent Company’s total purchases and turnover, intra-Group<br />
purchases and sales did not represent a significant amount.<br />
NOTE 1 EmPLOYEE AND PERSONNEL EXPENSES<br />
GROUP PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
AVERAGE NUmBER OF<br />
EmPLOYEES 252 242 210 200<br />
of whom, men, % 69 70 68 70<br />
Salaries, other remuneration<br />
and social security<br />
expenses<br />
Board and Chief<br />
Executive Officer 5.8 5.4 4.2 3.9<br />
Other employees 131.4 123.5 112.7 105.1<br />
TOTAL 137.2 128.9 116.9 109.0<br />
Social insurance expenses 65.3 62.9 56.6 54.3<br />
(of which pension<br />
expenses) 18.7 18.8 16.3 16.3<br />
Of the company’s pension expenses, SEK 1.7 million (1.9) relates to the<br />
Board and Chief Executive Officer.
Equality plan<br />
In accordance with the Swedish Act on Discrimination, proactive<br />
programmes are in progress in the company to counteract discrimination.<br />
A three-year plan for these activities will be drawn up in 2013 in<br />
collaboration with the local employee representative organisations.<br />
PROPORTION OF WOmEN AmONG<br />
SENIOR mANAGEmENT, % <strong>2012</strong> 2011<br />
Board 41 41<br />
Senior management 22 22<br />
Loans to senior executives<br />
No loans have been granted to senior executives.<br />
Ab Trav och Galopp<br />
Remuneration, etc. to the Board and Chief Executive officer<br />
The Board received remuneration totalling SEK 1.3 million (1.3).<br />
During the year, the Chief Executive Officer (CEO) received a salary<br />
and remuneration amounting to SEK 4.6 million (4.3) including pension<br />
and car benefits. On 31 December <strong>2012</strong>, Remy Nilson stepped<br />
down as CEO but remains employed until 30 June 2013 under the<br />
same terms. During the period from 1 January 2013 to 30 June 2013,<br />
Remy Nilson is at the disposal of the management. The new CEO,<br />
Hans Skarplöth, took up his position on 1 January 2013.<br />
Remuneration of auditors<br />
For the <strong>2012</strong> fiscal year, remuneration to Ernst & Young AB amounted<br />
to SEK 0.7 million (0.8), of which SEK 0.7 million (0.8) related to<br />
statutory auditing.<br />
kanal 75 Ab<br />
Remuneration, etc. to the Board and Chief Executive officer<br />
Board members received remuneration totalling SEK 0 (0). The Chief<br />
Executive Officer received salary and remuneration amounting to SEK<br />
1.6 million (1.5). Pension costs relating to the CEO amounted to SEK<br />
0.3 million (0.3).<br />
NOTE 2 NET TURNOVER BY BETTING PRODUCT<br />
GROUP PARENT<br />
COmPANY<br />
BET TYPE <strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
V75 4,585.2 4,931.4 4,585.2 4,931.4<br />
V86 947.6 151.9 947.6 151.9<br />
V65 831.3 1,159.8 831.3 1,159.8<br />
V64 308.8 859.1 308.8 859.1<br />
V5 373.9 352.5 373.9 352.5<br />
V4 507.1 475.0 507.1 475.0<br />
V3 67.0 74.9 67.0 74.9<br />
DAILY DOUBLE/<br />
LUNCH DOUBLE<br />
1,849.6 1,992.8 1,849.6 1,992.8<br />
TRIFECTA 383.1 428.3 383.1 428.3<br />
WIN AND SHOW 1,569.7 1,650.1 1,569.7 1,650.1<br />
EXACTA 48.3 51.5 48.3 51.5<br />
QUINELLA 948.0 984.0 948.0 984.0<br />
12,419.6 13,111.3 12,419.6 13,111.3<br />
WINNINGS –8,720.6 –9,202.3 –8,720.6 –9,202.3<br />
3,699.0 3,909.0 3,699.0 3,909.0<br />
Fractions and<br />
unredeemed winnings 68.6 77.3 68.6 77.3<br />
Commission to<br />
foreign partners –21.1 –16.6 –21.1 –16.6<br />
NET TOTALISATOR<br />
PROFIT 3,746.5 3,969.7 3,746.5 3,969.7<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 45
NOTE 3 GAmING EXPENSES<br />
PAGE 46 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Marketing and media<br />
Marketing 229.4 229.4 219.8 220.1<br />
TV and other media<br />
production<br />
– – 111.1 112.0<br />
Special projects – 3.0 – 3.0<br />
Olympic Trot 8.2 9.4 8.2 9.4<br />
237.6 241.8 339.1 344.5<br />
Swedish sales<br />
Customer support 10.6 10.9 10.6 10.9<br />
Selling expenses 76.3 71.5 76.3 71.5<br />
Commercial centre 2.3 – 2.3 –<br />
E-channels 28.1 30.3 28.1 30.3<br />
Depreciation and<br />
interest relating to agents’<br />
equipment<br />
0.0 – 0.0 –<br />
117.3 112.7 117.3 112.7<br />
Variable selling<br />
expenses<br />
<strong>ATG</strong> LIVE 9.3 12.4 9.3 12.4<br />
Commissions 158.8 178.8 158.8 178.8<br />
Free race cards 12.2 11.6 12.2 11.6<br />
Betting slips 18.5 20.9 18.5 20.9<br />
Card costs 6.7 6.0 6.7 6.0<br />
205.5 229.7 205.5 229.7<br />
On-track betting<br />
Administration of on-track<br />
betting<br />
2.3 3.5 2.3 3.5<br />
INTERNATIONAL SALES 34.3 32.9 36.2 34.7<br />
Other betting<br />
expenses<br />
Quality and security 11.1 11.0 11.1 11.0<br />
IT expenses 182.2 175.9 182.2 175.9<br />
Depreciation 56.4 58.3 56.4 58.3<br />
249.7 245.2 249.7 245.2<br />
TOTAL 846.7 865.8 950.1 970.3<br />
NOTE 4 ADmINISTRATIVE EXPENSES<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Reviews, projects 9.3 14.7 9.3 14.7<br />
Property management 2.5 4.1 2.5 4.1<br />
Administrative data 10.1 9.7 10.1 9.7<br />
General overheads 43.7 43.5 39.0 39.6<br />
Depreciation 37.6 38.9 37.6 38.9<br />
TOTAL 103.2 110.9 98.5 107.0<br />
NOTE 5 OTHER OPERATING INCOmE<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
PRODUCTION INCOmE,<br />
KANAL 75 83.4 85.8 – –<br />
Agents<br />
Rental income, agents 52.4 53.6 52.4 53.6<br />
Sales and customer support 4.3 3.1 4.3 3.1<br />
Commercial centre 0.4 – 0.4 –<br />
<strong>ATG</strong> LIVE 15.5 15.7 15.5 15.7<br />
72.6 72.4 72.6 72.4<br />
TRACK 0.2 0.2 0.2 0.2<br />
ECHANNELS 16.3 26.7 16.3 26.7<br />
INTERNATIONAL SALES 108.3 91.4 108.3 91.4<br />
Other income from<br />
betting operations<br />
Advertising, TV and other<br />
marketing 8.2 5.3 8.2 5.3<br />
Quality and security 1.1 1.1 1.1 1.1<br />
IT operations 1.4 2.5 1.4 2.5<br />
10.7 8.9 10.7 8.9<br />
Administration<br />
Rental income,<br />
Hästsportens Hus<br />
12.0 12.2 12.0 12.2<br />
Income from tracks 9.4 9.3 9.4 9.3<br />
Income, sports systems 2.9 2.9 2.9 2.9<br />
Other administration 1.4 1.5 1.4 1.5<br />
25.7 25.9 25.7 25.9<br />
TERmINAL NETWORK 73.9 87.4 73.9 87.4<br />
TOTAL 391.1 398.7 307.7 312.9
NOTE 6 OTHER OPERATING EXPENSES<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
KANAL 75 AB 181.4 185.4 – –<br />
TERmINAL NETWORK 50.9 62.4 50.9 62.4<br />
Research and grants<br />
Grants to <strong>ATG</strong><br />
Hästklinikerna AB – 10.0 – 10.0<br />
Extra contributions to the<br />
Swedish Horse Council<br />
Foundation (HNS) 5.4 – 5.4 –<br />
Research grants 3.6 3.6 3.6 3.6<br />
9.0 13.6 9.0 13.6<br />
TOTAL 241.3 261.4 59.9 76.0<br />
NOTE 7 AmORTISATION/DEPRECIATION OF INTANGIBLE AND<br />
TANGIBLE ASSETS<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Software 49.3 53.1 48.3 52.2<br />
Equipment 60.5 57.0 45.7 45.0<br />
TOTAL 109.8 110.1 94.0 97.2<br />
Amortisation/depreciation<br />
according to plan,<br />
distributed by function<br />
Gambling operation<br />
expenses<br />
56.4 58.3 56.4 58.3<br />
Administrative expenses 37.6 38.9 37.6 38.9<br />
Other operating expenses 15.8 12.9 – –<br />
TOTAL 109.8 110.1 94.0 97.2<br />
NOTE 8 ALLOCATED TO CENTRAL ASSOCIATIONS<br />
AND RACE TRACKS<br />
Trotting<br />
SWEDISH TROTTING<br />
ASSOCIATION<br />
GROUP<br />
PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
81.1 87.5 81.1 87.5<br />
Racetracks<br />
Base amount 325.2 312.2 325.2 312.2<br />
Compensation for racemeeting<br />
expenses<br />
196.7 194.1 196.7 194.1<br />
Compensation for prize<br />
money<br />
Compensation for extra<br />
prize money<br />
716.1 695.6 716.1 695.6<br />
41.4 27.0 41.4 27.0<br />
Points Saturday 2.9 – 2.9 –<br />
Investment grant 10.9 – 10.9 –<br />
New ventures/transition<br />
rules<br />
8.0 21.1 8.0 21.1<br />
Specific allocation 2.8 4.5 2.8 4.5<br />
Track lighting – 6.0 – 6.0<br />
SÄBA – 9.9 – 9.9<br />
Bonus (horse running) 6.1 6.2 6.1 6.2<br />
Youth activities 4.0 4.0 4.0 4.0<br />
TOTAL 1,314.1 1,280.6 1,314.1 1,280.6<br />
NOVICE INCENTIVE<br />
BONUSES<br />
64.3 65.4 64.3 65.4<br />
BREEDER BONUSES 90.7 92.7 90.7 92.7<br />
TRANSPORT GRANT 5.8 4.4 5.8 4.4<br />
TRAINER BONUSES 1.5 1.3 1.5 1.3<br />
BUSINESS<br />
ADmINISTRATION<br />
2.4 3.2 2.4 3.2<br />
TOTAL TO TROTTING 1,559.9 1,535.1 1,559.9 1,535.1<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 47
NOTE 8 CONTD.<br />
PAGE 48 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
GROUP PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Thoroughbred racing<br />
SWEDISH JOCKEY CLUB 12.7 10.7 12.7 10.7<br />
Racetracks<br />
Base amount 47.4 45.7 47.4 45.7<br />
Compensation for<br />
race-meeting expenses<br />
20.6 22.2 20.6 22.2<br />
Compensation for<br />
prize money<br />
63.8 59.4 63.8 59.4<br />
Non-recurring allocation – 0.7 – 0.7<br />
Investment grant 3.6 – 3.6 –<br />
Transition rules 2.3 2.3 2.3 2.3<br />
SÄBA – 0.9 – 0.9<br />
Specific allocation 1.3 2.3 1.3 2.3<br />
TOTAL 139.0 133.5 139.0 133.5<br />
BREEDER BONUSES 6.5 6.8 6.5 6.8<br />
TRAINER BONUSES 0.8 0.7 0.8 0.7<br />
TOTAL TO THOROUGHBRED<br />
RACING 159.0 151.7 159.0 151.7<br />
TOTAL TO TROTTING AND<br />
THOROUGHBRED RACING 1,718.9 1,686.8 1,718.9 1,686.8<br />
<strong>ATG</strong>’s betting income is allocated to tracks in line with a predetermined<br />
allocation system.<br />
NOTE 9 TAX ON PROFIT FOR THE YEAR<br />
Total tax for the year amounted to SEK 0.1 million, of which SEK 0.0<br />
million was current tax and SEK 0.1 million was deferred tax.<br />
NOTE 10 SOFTWARE<br />
GROUP PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Accumulated cost<br />
1 January 802.7 807.6 797.8 803.8<br />
New purchases 38.7 60.9 38.7 59.8<br />
Scrapping –0.3 –65.8 – –65.8<br />
Projects in progress 63.0 37.8 63.0 37.8<br />
904.1 840.5 899.5 835.6<br />
Accumulated depreciation<br />
according to plan<br />
1 January 704.8 717.5 702.5 716.1<br />
Scrapping –0.4 –65.8 – –65.8<br />
Depreciation for the year<br />
according to plan<br />
49.3 53.1 48.3 52.2<br />
753.7 704.8 750.8 702.5<br />
CARRYING AmOUNT,<br />
31 DECEmBER 150.4 135.7 148.7 133.1<br />
Fully amortised intangible<br />
fixed assets 666.2 602.1 664.7 595.2
NOTE 11 BUILDINGS<br />
GROUP PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Accumulated cost<br />
1 January 10.8 10.8 10.8 10.8<br />
Accumulated depreciation<br />
according to plan<br />
1 January 10.8 10.8 10.8 10.8<br />
CARRYING AmOUNT,<br />
31 DECEmBER<br />
0.0<br />
Tax assessment value,<br />
buildings (in Sweden) – – – –<br />
Fully depreciated<br />
buildings<br />
NOTE 12 EQUIPmENT<br />
0.0<br />
0.0<br />
0.0<br />
10.8 10.8 10.8 10.8<br />
GROUP PARENT<br />
COmPANY<br />
<strong>2012</strong> 2011 <strong>2012</strong> 2011<br />
Accumulated cost<br />
1 January 460.6 453.2 387.8 406.1<br />
New purchases 63.7 98.8 44.6 64.4<br />
Sales and scrapping –35.3 –91.4 –29.8 –82.7<br />
Projects in progress – 15.1 – –<br />
489.0 475.7 402.6 387.8<br />
Accumulated depreciation<br />
according to plan<br />
1 January 324.2 358.6 290.8 328.5<br />
Sales and scrapping<br />
Depreciation for the year<br />
–35.2 –91.4 –29.8 –82.7<br />
according to plan on cost 60.5 57.0 45.7 45.0<br />
349.5 324.2 306.7 290.8<br />
CARRYING AmOUNT, 31<br />
DECEmBER 139.5 151.5 95.9 97.0<br />
Fully depreciated equipment<br />
217.1 206.8 216.7 206.1<br />
NOTE 13 SHARES IN GROUP COmPANIES<br />
Accumulated cost<br />
PARENT COmPANY<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
1 January 0.1 0.1<br />
CARRYING AmOUNT, 31 DECEmBER 0.1 0.1<br />
Specification of the company’s shares in Group companies.<br />
Group company/<br />
corp. Reg. No./<br />
Reg. office<br />
Kanal 75<br />
AB/556578-3965/<br />
Stockholm<br />
PARENT COmPANY<br />
Number of<br />
shares<br />
1,000<br />
Percentage<br />
participation<br />
1<br />
100%<br />
carrying<br />
amount<br />
1 Pertains to the percentage of capital, which corresponds to the percentage of votes for<br />
the total number of shares.<br />
NOTE 14 OTHER LONGTERm RECEIVABLES<br />
GROUP PARENT<br />
COmPANY<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
31 DEC<br />
<strong>2012</strong><br />
0.1<br />
31 DEC<br />
2011<br />
Accumulated cost<br />
1 January 111.6 116.0 111.6 116.0<br />
Settled receivables<br />
CARRYING AmOUNT,<br />
–4.5 –4.4 –4.5 –4.4<br />
31 DECEmBER 107.1 111.6 107.1 111.6<br />
NOTE 15 OTHER RECEIVABLES<br />
Receivable, Swedish<br />
Trotting Association<br />
Receivable,<br />
Swedish Jockey Club<br />
Receivable, <strong>ATG</strong><br />
Hästklinikerna AB<br />
Receivable,<br />
<strong>ATG</strong> agents<br />
GROUP PARENT<br />
COmPANY<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
6.6 11.1 6.6 1.8<br />
2.1 3.5 2.1 2.5<br />
7.7 21.6 7.7 21.6<br />
178.9 105.2 178.9 105.2<br />
Receivable,<br />
Group account 135.8 76.6 135.8 76.6<br />
Other receivables 41.7 31.8 31.5 30.5<br />
372.8 249.8 362.6 238.2<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 49
NOTE 16 CURRENT INVESTmENTS<br />
PAGE 50 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
GROUP/<br />
PARENT COmPANY<br />
CARRYING<br />
AmOUNT<br />
31 DEC.<br />
<strong>2012</strong><br />
CARRYING<br />
AmOUNT<br />
31 DEC.<br />
2011<br />
GROUP/<br />
PARENT COmPANY<br />
mARKET<br />
VALUE<br />
31 DEC.<br />
<strong>2012</strong><br />
mARKET<br />
VALUE<br />
31 DEC.<br />
2011<br />
Commercial paper – 178.7 – 179.2<br />
NOTE 17 CASH AND BANK BALANCES<br />
Of these funds, SEK 153.7 million (141.9) derives from funds held on<br />
behalf of <strong>ATG</strong> account customers.<br />
NOTE 18 SHAREHOLDERS’ EQUITY<br />
SHARE<br />
CAPITAL<br />
RES<br />
TRICTED<br />
RESERVES<br />
GROUP<br />
NONRES<br />
TRICTED<br />
RESERVES<br />
NET PRO<br />
FIT FOR<br />
THE YEAR<br />
1 January 40.0 8.2 638.1 18.9<br />
Distribution of profit<br />
as approved by the<br />
AGM 18.9 –18.9<br />
Net profit for the year –125.7<br />
31 DECEmBER 40.0 8.2 657.0 –125.7<br />
SHARE<br />
CAPITAL<br />
PARENT COmPANY<br />
RES<br />
TRICTED<br />
RESERVES<br />
NONRES<br />
TRICTED<br />
RESERVES<br />
NET PRO<br />
FIT FOR<br />
THE YEAR<br />
1 January 40.0 8.0 637.0 18.6<br />
Distribution of profit<br />
as approved by the<br />
AGM 18.6 –18.6<br />
Net profit for the year –125.8<br />
31 DECEmBER 40.0 8.0 655.6 –125.8<br />
NOTE 19 OTHER LIABILITIES<br />
GROUP PARENT<br />
COmPANY<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
Winnings liability 66.1 63.9 66.1 63.9<br />
Group account 18.5 48.2 18.5 48.2<br />
Terminal partners 65.0 49.5 65.0 49.5<br />
Totalisator tax 124.4 124.8 124.4 124.8<br />
Other items 43.3 53.2 42.2 52.2<br />
TOTAL 317.3 339.6 316.2 338.6<br />
NOTE 20 ACCRUED EXPENSES AND DEFERRED INCOmE<br />
GROUP PARENT<br />
COmPANY<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
31 DEC<br />
<strong>2012</strong><br />
31 DEC<br />
2011<br />
Breeder bonuses 17.6 18.1 17.6 18.1<br />
Accrued salaries and<br />
employer’s contributions<br />
14.2 15.9 14.2 14.1<br />
Provision for<br />
totalisator tax 4.0 4.0 4.0 4.0<br />
Other items 54.7 58.7 51.4 56.4<br />
TOTAL 90.5 96.7 87.2 92.6
Mats Denninger<br />
CHAIRMAN OF THE BOARD<br />
Hans Ljungkvist<br />
DEPUTY CHAIRMAN<br />
Stockholm, 13 March 2013<br />
Arendt Cederqvist Hans Hansson<br />
Maria Lejon Bo Netz Lars Olofsson Susanna Rystedt<br />
Karin Strömberg Ylva Thörn Anne Wartin Leif-Åke Henriksson<br />
EMPLOYEE REPRESENTATIVE<br />
Hans Skarplöth<br />
CHIEF EXECUTIVE OFFICER<br />
Our audit report was submitted on 13 March 2013<br />
Ernst & Young AB<br />
Åsa Lundvall<br />
AUTHORISED PUBLIC ACCOUNTANT<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 51
AUDITOR’S REPORT<br />
To the <strong>Annual</strong> General Meeting of Aktiebolaget<br />
Trav och Galopp, Corporate Registration Number<br />
556180-4161<br />
REPORT ON THE ANNUAL AccOUNTS AND cONSOLI-<br />
DATED FINANcIAL STATEMENTS<br />
We have audited the annual accounts and the consolidated<br />
financial statements of Aktiebolaget Trav och Galopp for<br />
the <strong>2012</strong> fiscal year. The company’s annual accounts and<br />
consolidated financial statements are included in the printed<br />
version of this document on pages 36-51.<br />
Responsibilities of the board of Directors and the chief<br />
Executive Officer for the annual accounts and consolidated<br />
financial statements<br />
The board of Directors and the chief Executive officer are<br />
responsible for the preparation and fair presentation of<br />
these annual accounts and consolidated financial statements<br />
in accordance with the <strong>Annual</strong> Accounts Act and<br />
for the internal control deemed necessary by the board of<br />
Directors and the chief Executive officer for the preparation<br />
of annual accounts and consolidated financial statements<br />
that are free from material misstatement, whether such<br />
misstatement is due to fraud or error.<br />
Auditor’s responsibility<br />
our responsibility is to express an opinion on the annual<br />
accounts and consolidated financial statements based<br />
on our audit. We conducted our audit in accordance with<br />
International Standards on Auditing and generally accepted<br />
auditing standards in Sweden. These standards require that<br />
we comply with ethical requirements and plan and perform<br />
the audit to obtain reasonable assurance that the annual accounts<br />
and consolidated financial statements are free from<br />
material misstatement.<br />
PAGE 52 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
An audit involves performing procedures to obtain audit<br />
evidence about the amounts and disclosures in the annual<br />
accounts and consolidated financial statements. The<br />
auditor selects the procedures to be performed based on<br />
such assessments as the risk of material misstatement in<br />
the annual accounts and consolidated financial statements,<br />
whether such misstatement is due to fraud or error. In making<br />
these risk assessments, the auditor considers internal<br />
control measures relevant to the company’s preparation and<br />
fair presentation of the annual accounts and consolidated<br />
financial statements in order to design audit procedures<br />
that are appropriate in the circumstances, but not for the<br />
purpose of expressing an opinion on the effectiveness of the<br />
company’s internal control. An audit also includes evaluating<br />
the appropriateness of accounting policies used and the<br />
reasonableness of accounting estimates made by the board<br />
of Directors and the chief Executive officer, as well as evaluating<br />
the overall presentation of the annual accounts and<br />
consolidated financial statements.<br />
We believe that the audit evidence we have obtained is<br />
sufficient and appropriate to provide a basis for our audit<br />
opinion.<br />
Opinions<br />
In our opinion, the annual accounts and consolidated financial<br />
statements have been prepared in accordance with the <strong>Annual</strong><br />
Accounts Act and present fairly, in all material respects,<br />
the financial position of the parent company and the Group<br />
as of 31 December <strong>2012</strong> and their financial performance and<br />
cash flows for the year in accordance with the <strong>Annual</strong> Accounts<br />
Act. The statutory Administration report is consistent<br />
with the other parts of the annual accounts and consolidated<br />
financial statements.<br />
We therefore recommend that the annual meeting of shareholders<br />
adopt the income statement and balance sheet for<br />
the parent company and the Group.
REPORT ON OTHER LEGAL AND<br />
REGULATORY REQUIREMENTS<br />
In addition to our audit of the annual accounts and consolidated<br />
financial statements, we have examined the proposed<br />
appropriations of the company’s profit or loss and the administration<br />
of the board of Directors and the chief Executive<br />
officer of Aktiebolaget Trav och Galopp for the <strong>2012</strong> fiscal<br />
year.<br />
Responsibilities of the board of Directors and the chief<br />
Executive Officer<br />
The board of Directors is responsible for the proposal<br />
concerning the appropriation of the company’s profit or loss,<br />
and the board of Directors and the chief Executive officer<br />
are responsible for administration under the companies Act.<br />
Auditor’s responsibility<br />
our responsibility is to express an opinion with reasonable<br />
assurance on the proposed appropriations of the company’s<br />
profit or loss and on the administration based on our audit.<br />
We conducted the audit in accordance with generally accepted<br />
auditing standards in Sweden.<br />
As a basis for our opinion on the board of Directors’ proposed<br />
appropriations of the company’s profit or loss, we examined<br />
whether the proposal complies with the companies<br />
Act. As a basis for our opinion concerning discharge from<br />
liability, in addition to our audit of the annual accounts and<br />
consolidated financial statements, we examined significant<br />
decisions, actions taken and circumstances of the company<br />
in order to determine whether any member of the board<br />
of Directors or the chief Executive officer is liable to the<br />
company. We also examined whether any member of the<br />
board of Directors or the chief Executive officer has, in any<br />
other way, acted in contravention of the companies Act, the<br />
<strong>Annual</strong> Accounts Act or the Articles of Association.<br />
We believe that the audit evidence we have obtained is sufficient<br />
and appropriate to provide a basis for our opinion.<br />
Opinions<br />
We recommend to the <strong>Annual</strong> General Meeting that the<br />
profit be appropriated in accordance with the proposal in<br />
the statutory Administration report and that the members<br />
of the board of Directors and the chief Executive officer be<br />
discharged from liability for the fiscal year.<br />
Stockholm, 13 March 2013<br />
Ernst & Young Ab<br />
Åsa lundvall<br />
AUTHORISED PUBLIC ACCOUNTANT<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 53
BOARD OF DIRECTORS<br />
Mats Denninger<br />
Chairman of the Board<br />
Maria Lejon<br />
MSc. Civil Engineering<br />
Karin Strömberg<br />
Business Administration Graduate and<br />
Entrepreneur<br />
Marianne Martinsson<br />
Deputy Employee Representative<br />
Appointed by the Government: Mats Denninger, Bo Netz, Susanna Rystedt, Karin Strömberg, Ylva Thörn and Anne Wartin.<br />
Appointed by ST: Maria Lejon, Hans Ljungkvist, Lars olofsson and Arendt Cederqvist.<br />
Nominated by SG: Hans Hansson.<br />
PAGE 54 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
Hans Ljungkvist<br />
Deputy Chairman of <strong>ATG</strong> and Chairman<br />
of the Swedish Trotting Association<br />
Bo Netz<br />
Director General of the Swedish International<br />
Development Cooperation Agency<br />
(SIDA)<br />
Ylva Thörn<br />
Former General Secretary, Swedish<br />
Municipal Workers’ Union<br />
Arendt Cederqvist<br />
Entrepreneur<br />
Lars Olofsson<br />
Company Director<br />
Anne Wartin<br />
Judge at Solna District Court<br />
Hans Hansson<br />
Chairman of the Swedish Jockey Club<br />
and Company Director<br />
Susanna Rystedt<br />
Business Administrative Director at AB<br />
Svensk Exportkredit<br />
Leif-Åke Henriksson<br />
Employee Representative
EXECUTIVE mANAGEmENT<br />
Top left: kent Öhlander, Sales and Market Director. Sten Skiöld, HR Manager.<br />
Niclas Andersson, Managing Director at Kanal 75 AB. Leif Almgren, Information Manager.<br />
karin Olofsson, Financial Manager. Hans Skarplöth, Chief Executive Officer. Annette Rådström, IT Manager.<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 55
FINANCIAL ALLOCATION<br />
In <strong>2012</strong>, <strong>ATG</strong> reported a turnover of SEK 12.4 billion, which<br />
was the fourth highest ever figure, but was down 5.3 per cent<br />
from the preceding year. When winnings and taxes are paid<br />
and <strong>ATG</strong>’s operations are covered, the remaining surplus is<br />
recycled to the equine sector. Horse racing will be allocated<br />
more than SEK 1.7 billion during <strong>2012</strong>.<br />
A Most of <strong>ATG</strong>’s turnover reverts to players in the form of<br />
winnings. In <strong>2012</strong>, SEK 8,721 million was paid out in<br />
winnings, or some 70 per cent of the total turnover.<br />
B During the year, <strong>ATG</strong> paid SEK 1,369 million to the<br />
Swedish public exchequer in the form of totalisator tax.<br />
C <strong>ATG</strong>’s net operating expenses in <strong>2012</strong> totalled SEK 784<br />
million, which includes commission paid to agents and<br />
ongoing operational expenses in the form of product<br />
development, live race broadcasts, marketing and administration.<br />
D In <strong>2012</strong>, horse racing’s national racing associations – the<br />
Swedish Trotting Association (ST) and the Swedish Jockey<br />
Club (SG) received SEK 94 million.<br />
E In <strong>2012</strong>, <strong>ATG</strong> distributed SEK 1,456 million to racetracks<br />
nationwide. These funds are designed to cover the<br />
expenses involved in arranging race meetings, as well as<br />
operating and maintenance expenses for the facilities, plus<br />
financial and administrative costs. The tracks also receive<br />
revenue from sponsorship deals, admission charges,<br />
surpluses from restaurant operations and activities in connection<br />
with race meetings.<br />
F A large share of the funds allocated to racetracks is passed<br />
on to active sport participants in the form of prize money.<br />
Over the course of <strong>2012</strong>, total prize money was more than<br />
SEK 891 million.<br />
G In addition to prize money paid out at racetracks, those<br />
active in horseracing receive an additional SEK 169 million<br />
in the form of bonuses. Overall, active horseracing participants<br />
received some SEK 1,060 million. Moreover – in line<br />
with the agreement between the Swedish State and the<br />
national associations for trotting and thoroughbred horse<br />
racing – SEK 50 million was channelled directly into the<br />
equine industry via the National Horse Council Foundation<br />
(HNS).<br />
PAGE 56 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT
SEK 12,419,616,645<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 57
STATISTICS<br />
V75 STATISTICS FOR <strong>2012</strong><br />
NO. DATE TRACK<br />
PAGE 58 // <strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT<br />
NUMBER OF<br />
COMBINA-<br />
TIONS<br />
TURNOVER<br />
(SEK)<br />
COM-<br />
BINA-<br />
TIONS<br />
V 7 V 6 V 5<br />
DIVIDEND<br />
(SEK)<br />
COMBI-<br />
NATIONS<br />
DIVIDEND<br />
(SEK)<br />
COMBI-<br />
NATIONS<br />
DIVIDEND<br />
(SEK)<br />
1 <strong>2012</strong>0107 Vermo 2,057,652 81,584,802 - - 54 188,640 6,447 3,174<br />
2 <strong>2012</strong>0114 Åby 3,350,195 101,226,650 1.00 53,195,326 77 151,984 4,219 5,518<br />
3 <strong>2012</strong>0121 Bergsåker 1,364,254 78,998,649 1.00 21,379,097 114 87,462 5,920 3,374<br />
4 <strong>2012</strong>0128 Jägersro Trav 1,382,521 88,055,645 1,642.00 14,498 51,473 216 783,929 28<br />
5 <strong>2012</strong>0204 Mantorp 1,347,880 83,141,617 170.20 132,121 8,134 1,293 185,620 113<br />
6 <strong>2012</strong>0211 Halmstad 1,347,619 79,846,152 491.68 44,382 30,769 325 664,623 30<br />
7 <strong>2012</strong>0218 Bergsåker 1,326,262 79,734,673 5.90 3,661,706 677 14,891 45,530 442<br />
8 <strong>2012</strong>0225 Solvalla 1,444,774 87,212,633 3,321.00 7,218 150,390 72 2,515,308 -<br />
9 <strong>2012</strong>0303 Axevalla 3,577,041 104,293,253 1,366.00 38,583 57,599 213 954,440 25<br />
10 <strong>2012</strong>0310 Kalmar 1,382,379 83,680,368 16.00 1,421,007 2,176 4,847 149,231 141<br />
11 <strong>2012</strong>0317 Momarken 1,842,889 105,013,550 4.53 6,292,717 642 20,630 32,758 809<br />
12 <strong>2012</strong>0324 Eskilstuna 1,388,947 84,329,504 1,540.00 14,842 86,181 123 1,480,641 -<br />
13 <strong>2012</strong>0331 Jägersro Trav 3,077,308 101,976,451 179.36 288,236 13,933 858 519,619 46<br />
14 <strong>2012</strong>0407 Romme 1,573,440 84,150,016 1,539.00 14,887 49,824 212 684,963 30<br />
15 <strong>2012</strong>0414 Solvalla 1,442,613 79,208,133 195.09 111,222 6,741 1,472 122,172 162<br />
16 <strong>2012</strong>0421 Åby 2,181,128 115,918,186 45.01 703,522 9,077 1,604 501,345 58<br />
17 <strong>2012</strong>0428 Umeå 1,516,156 84,149,552 2,072.00 11,306 95,605 109 1,736,627 -<br />
18 <strong>2012</strong>0505 Örebro 3,189,926 97,949,473 18,160.00 2,805 509,448 21 5,314,683 -<br />
19 <strong>2012</strong>0510 Åby 12,658,454 60,925,919 103.14 437,202 2,689 2,091 90,376 124<br />
20 <strong>2012</strong>0512 Dannero 1,224,018 76,811,338 608.41 34,328 28,680 337 467,869 41<br />
21 <strong>2012</strong>0513 Bjerke 708,768 34,927,723 5,369.00 1,860 175,924 24 1,747,763 -<br />
22 <strong>2012</strong>0519 Gävle 1,454,364 83,967,280 22,142.00 1,341 424,093 24 3,427,828 -<br />
23 <strong>2012</strong>0526 Solvalla 3,648,891 143,060,806 3.00 20,911,444 527 32,224 27,213 1,247<br />
24 <strong>2012</strong>0527 Solvalla 1,012,337 55,439,892 1,807.00 8,965 81,100 81 1,176,182 -<br />
25 <strong>2012</strong>0602 Mantorp 2,887,548 87,106,024 20.50 1,820,344 1,319 7,795 51,198 401<br />
26 <strong>2012</strong>0609 Östersund 1,553,914 74,649,216 1,495.00 14,364 70,409 127 1,370,185 -<br />
27 <strong>2012</strong>0616 boden 3,293,969 90,946,776 6,896.00 6,619 222,261 47 2,673,108 -<br />
28 <strong>2012</strong>0624 kalmar 3,016,415 89,747,218 716.92 67,738 26,670 384 421,856 48<br />
29 <strong>2012</strong>0630 Färjestad 1,410,637 75,018,460 1,127.00 18,447 66,723 139 1,140,045 16<br />
30 <strong>2012</strong>0707 Halmstad 1,233,949 72,620,624 166.26 120,680 48,638 185 1,057,728 17<br />
31 <strong>2012</strong>0714 Årjäng 1,307,227 72,441,846 58.70 342,991 3,774 2,380 185,191 97<br />
32 <strong>2012</strong>0721 Axevalla 1,148,226 70,670,145 12.40 1,563,556 1,750 5,054 88,190 200<br />
33 <strong>2012</strong>0722 Axevalla 672,726 31,910,412 81.29 109,301 2,701 1,462 42,777 184<br />
34 <strong>2012</strong>0728 Bollnäs 1,249,826 70,856,276 14,816.00 1,334 375,304 23 4,127,296 -<br />
35 <strong>2012</strong>0731 Jägersro Trav 5,840,054 58,135,581 78.04 510,048 12,862 401 369,445 27<br />
36 <strong>2012</strong>0804 Rättvik 1,148,084 67,247,124 68.23 270,141 2,770 3,041 74,143 227<br />
37 <strong>2012</strong>0811 Örebro 1,214,651 67,279,089 92.96 198,022 11,851 712 404,501 41<br />
38 <strong>2012</strong>0815 Solvalla 869,203 37,250,996 20.60 534,456 564 7,807 22,811 385<br />
39 <strong>2012</strong>0818 Gävle 1,228,258 69,993,589 13.70 1,399,796 1,108 7,914 43,417 404<br />
40 <strong>2012</strong>0825 Bergsåker 1,505,851 78,231,834 5.30 4,174,569 291 32,919 13,870 1,380<br />
41 <strong>2012</strong>0901 Jägersro Trav 1,318,131 76,602,525 182.24 114,991 8,697 1,105 185,100 103<br />
42 <strong>2012</strong>0902 Jägersro Trav 900,989 31,168,743 185.28 48,517 7,800 481 146,264 51<br />
43 <strong>2012</strong>0908 Skellefteå 1,226,310 72,817,118 787.40 25,224 26,104 350 448,058 40<br />
44 <strong>2012</strong>0915 Åby 1,295,886 74,783,566 258.60 80,491 11,861 781 266,608 69<br />
45 <strong>2012</strong>0922 Färjestad 1,838,391 102,703,681 383.72 72,209 14,567 893 276,279 94<br />
46 <strong>2012</strong>0929 Solvalla 1,682,430 80,828,618 95,178.00 232 1,505,551 - 9,277,606 -<br />
47 <strong>2012</strong>0930 Solvalla 10,328,781 65,173,725 3,534.00 15,885 128,913 42 1,662,322 -<br />
48 <strong>2012</strong>1006 Hagmyren 2,093,485 85,350,790 19.04 1,806,133 856 12,039 37,437 550<br />
49 <strong>2012</strong>1013 Åby 1,452,530 76,986,175 1,604.00 13,165 85,685 112 1,479,057 -<br />
50 <strong>2012</strong>1020 bergsåker 2,945,808 92,936,047 13,542.00 3,497 494,741 21 4,857,320 -<br />
51 <strong>2012</strong>1027 Jägersro Trav 5,102,775 132,557,748 142.79 440,225 4,779 3,128 143,914 207<br />
52 <strong>2012</strong>1103 Eskilstuna 1,714,259 80,756,532 9.17 2,442,260 1,144 8,771 59,822 335<br />
53 <strong>2012</strong>1110 Halmstad 1,533,203 79,587,077 - - 261 38,395 10,531 1,903<br />
54 <strong>2012</strong>1117 Solvalla 3,680,742 101,956,875 745.25 71,183 47,637 244 908,388 25<br />
55 <strong>2012</strong>1124 Jägersro Trav 2,053,899 84,136,892 223.22 103,371 20,840 505 462,350 45<br />
56 <strong>2012</strong>1201 Bergsåker 1,626,356 78,937,299 16,735.00 1,276 417,927 23 3,677,526 -<br />
57 <strong>2012</strong>1208 Åby 3,687,517 91,966,507 4,727.00 10,203 183,419 57 2,531,510 -<br />
58 <strong>2012</strong>1215 Romme 4,251,677 92,546,756 9.50 5,201,538 1,416 7,471 89,697 235<br />
59 <strong>2012</strong>1222 Axevalla 1,479,902 82,250,931 1,200.00 18,789 61,388 167 1,102,084 18<br />
60 <strong>2012</strong>1223 Solvalla 1,400,269 58,825,939 432.35 37,973 16,891 430 284,087 51<br />
61 <strong>2012</strong>1226 Solvalla 1,013,626 44,489,050 61,480.00 205 899,450 - 5,709,585 -<br />
62 <strong>2012</strong>1229 Solvalla 4,340,127 101,835,988 400.28 115,287 17,050 687 428,762 54<br />
Total 142,047,447 4,978,906,057 288.230 6,591,898 68,775,374<br />
Of which, Swedish turnover SEK 4,585,177,522<br />
Bold print = Jackpot<br />
– = No winner with 7 correct forecasts/No win dividend for 5 correct forecasts
HIGHEST V75 TURNOVERS THROUGH <strong>2012</strong><br />
Ranking<br />
Turnover<br />
(SEK) Date of meeting Track<br />
1 188,077,385 1998-11-07 Solvalla<br />
2 175,689,836 1995-12-26 Mantorp<br />
3 173,678,591 1998-04-04 Åby<br />
4 168,886,302 2001-09-01 Jägersro<br />
5 164,455,900 2009-12-23 Solvalla<br />
6 161,976,648 2011-09-24 Färjestad<br />
7 145,384,670 2011-05-28 Solvalla<br />
8 143 060 806 <strong>2012</strong>-05-26 Solvalla<br />
9 142,547,000 1996-09-21 Solänget<br />
10 136,599,611 2006-11-04 Färjestad<br />
TOP 30 mILLIONPLUS WINNINGS IN <strong>2012</strong><br />
Date<br />
Betting<br />
Product<br />
Sales<br />
Channel Stake (SEK)<br />
HIGHEST V75 WINNINGS THROUGH <strong>2012</strong><br />
Turnover<br />
Ranking (SEK) Date of meeting Track<br />
1 67 312 633 2010-02-27 Axevalla<br />
2 56 347 408 <strong>2012</strong>-01-14 Åby<br />
3 47,360,999 2007-07-07 Halmstad<br />
4 45,285,093 2007-06-24 Kalmar<br />
5 34,591,437 2011-12-23 Bergsåker<br />
6 33,149,592 1996-08-17 Åby<br />
7 32,231,761 2004-05-29 Solvalla<br />
8 26,180,989 <strong>2012</strong>-01-21 Bergsåker<br />
9 24,315,984 2005-01-29 Axevalla<br />
10 24,241,282 2011-04-09 Solvalla<br />
Winnings<br />
(SEK) County Agents/Track/E-channels<br />
<strong>2012</strong>0114 V75 Agents 400 56,347,408 Skåne KULLADAL TOBAK<br />
<strong>2012</strong>0121 V75 Agents More than 1,000 26,180,989 Dalarna TRAV IN<br />
<strong>2012</strong>0825 V75 Agents More than 1,000 21,033,493 Stockholm VÄRTAVÄGENS SPEL & TOBAK<br />
<strong>2012</strong>1215 V75 E-channels 5 13,003,845 Stockholm E-channels<br />
<strong>2012</strong>1017 V86 E-channels 1,5 10,898,760 Stockholm E-channels<br />
<strong>2012</strong>0208 V86 E-channels 44 9,940,445 Stockholm E-channels<br />
<strong>2012</strong>0218 V75 Agents More than 1,000 9,154,265 Stockholm TÄBY SPELCENTER<br />
<strong>2012</strong>0317 V75 E-channels 32 6,428,632 Västra Götaland E-channels<br />
<strong>2012</strong>1031 V86 E-channels More than 1,000 6,255,073 Västra Götaland E-channels<br />
<strong>2012</strong>0218 V75 Agents More than 1,000 5,723,438 Västra Götaland DALABERG SPELBUTIK<br />
<strong>2012</strong>1215 V75 Agents More than 1,000 5,455,239 Dalarna DIREKTEN GEZELIUS<br />
<strong>2012</strong>1215 V75 Agents More than 1,000 5,433,717 Jönköping ICA NÄRA RYDAHOLM<br />
<strong>2012</strong>1215 V75 Agents More than 1,000 5,400,024 Örebro B.J S SPEL OCH TOBAK<br />
<strong>2012</strong>1215 V75 Agents More than 1,000 5,377,092 Gävleborg ICA SUPERMARKET SPEL<br />
<strong>2012</strong>1215 V75 Agents 162 5,303,645 Stockholm ICA KVANTUM KUNGENSKURVA<br />
<strong>2012</strong>1215 V75 E-channels 1,5 5,216,480 Västmanland E-channels<br />
<strong>2012</strong>1215 V75 E-channels 0,5 5,201,538 Stockholm E-channels<br />
<strong>2012</strong>0825 V75 Agents 288 4,690,836 Uppsala S:T PERSGATANS SPEL & TOBAK<br />
<strong>2012</strong>0602 V75 E-channels 8 4,550,860 Stockholm E-channels<br />
<strong>2012</strong>0602 V75 Agents 630 4,550,860 Skåne KULLADAL TOBAK<br />
<strong>2012</strong>0602 V75 E-channels 120 4,550,860 Stockholm E-channels<br />
<strong>2012</strong>0602 V75 E-channels More than 1,000 4,550,860 Västra Götaland E-channels<br />
<strong>2012</strong>0602 V75 Agents More than 1,000 4,550,860 Stockholm SONJAS KIOSK<br />
<strong>2012</strong>1006 V75 E-channels 24 4,515,332 Stockholm E-channels<br />
<strong>2012</strong>1006 V75 E-channels 324 4,515,332 Stockholm E-channels<br />
<strong>2012</strong>1006 V75 Agents More than 1,000 4,515,332 Dalarna DIREKTEN TRAV IN<br />
<strong>2012</strong>1006 V75 Agents More than 1,000 4,515,332 Skåne DIREKTEN ESKILS TOBAK<br />
<strong>2012</strong>0813 V65 E-channels 450 4,485,454 Halland E-channels<br />
<strong>2012</strong>0421 V75 Agents More than 1,000 4,343,430 Stockholm COOP FORUM VINSTA<br />
<strong>2012</strong>1006 V75 Agents More than 1,000 4,336,682 Västra Götaland ÄLVÄNGENS SPEL&BILJETTSERVICE<br />
<strong>ATG</strong> <strong>2012</strong> // ANNUAL REPORT // PAGE 59
BECAUSE HORSES GIVE IT ALL<br />
SprINGTIME proDucTIoN: SJÖ&bErG phoToS: rolAND ThuNholM, ThoMAS bloMQvIST, lArS JAKobSSoN, KANAl 75 AND <strong>ATG</strong> FIlMS: KANAl 75, pEr AKrE, MASTroc, hDr, TrANSlATIoN: ThE buGlI coMpANY Ab