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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

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