Note 29 Equity
Shares and share capital
| Group | A shares | B shares | Number of issued fully paid shares | Share capital, SEK | |
| Koncernen | A-aktier | B-aktier | Totalt antal emitterade fullt betalda aktier | Aktiekapital, kronor | |
| Issued shares per January 1, 2022 | Emitterade per 1 januari 2022 | 34,319,957 | 261,729,773 | 296,049,730 | 1,583,866,056 |
| Issued shares per December 31, 2022 | Emitterade per 31 december 2022 | 34,319,957 | 261,729,773 | 296,049,730 | 1,583,866,056 |
An A share entitles the holder to 10 votes and a B share to 1 vote. The par value of all shares is SEK 5.35. All the rights for the shares held by the company (see below) have been revoked until these shares are reissued.
Repurchased own shares that have reduced the Equity item profit brought forward including profit for the year
| Number of shares 1) | Amount that affected equity, MSEK 2) | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Antal aktier 1) | Belopp som påverkat eget kapital, Mkr 2) | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Opening repurchased own shares | Ingående återköpta egna aktier | 1,086,984 | 1,086,984 | 929 | 929 |
| Repurchase of own shares | Återköp av egna aktier | 7,511,000 | – | 500 | – |
| Closing repurchased own shares | Utgående återköpta egna aktier | 8,597,984 | 1,086,984 | 1,429 | 929 |
1) A withdrawal of 5,500,000 shares was made in 2007.
2) Amount affecting equity refers to the accumulated net sum of acquired and divested own shares.
Other contributed capital
Refers to equity contributed by the owners. Includes premiums paid in conjunction with new issues.
Reserves
Translation reserve
The translation reserve comprises all exchange rate differences generated by translating the financial reports from foreign companies presented in another currency than the one used in Group financial statements. The parent company and the Group present their reports in Swedish krona (SEK). The translation reserve also consists of exchange rate differences that occur when revaluating liabilities recognized as hedge instruments of net investments in foreign operations.
Hedging reserve
The hedging reserve comprises the effective part of the accumulated net changes in fair value in a cash flow hedge instrument attributable to hedged transactions that have not as yet occurred.
Profit brought forward including profit for the year
Profit brought forward including profit for the year consists of profit in the parent company, its subsidiaries and joint arrangements.
Dividend
After the balance sheet day the Board of Directors proposed the following dividend; A cash dividend of SEK 4.00 (5.00) per share, totaling SEK 1,149,806,984 (1,474,813,730), calculated on the number of outstanding shares. Total dividends are calculated on outstanding shares at the time of distribution. The dividend will be proposed for adoption by the AGM on May 4, 2023.
During the year 2022, a cash dividend of SEK 5.00 per share (4.50) has been paid.
Parent company
Restricted equity
Restricted equity may not be reduced by the distribution of dividends.
Statutory reserve
The purpose of the reserve fund is to retain a part of the net profit which is not allocated to cover balanced losses. Amounts transferred to the share premium reserve before January 1, 2006 have been transferred to, and are part of, the statutory reserve.
Fund for development costs
The amount activated by internally generated development costs is transferred from non-restricted equity to a fund for development costs in restricted equity. The fund will contract as the activated costs are depreciated or written down.
Non-restricted equity
Together with profit for the year the following funds make up non-restricted equity, i.e. the amount available for dividends to the shareholders.
Share premium reserve
When shares are issued at a premium, i.e. when more must be paid for the shares than their nominal price, an amount equivalent to the amount received in excess of the share’s nominal value is transferred to the share premium reserve. The amount transferred to the share premium reserve starting January 1, 2006 is included in unrestricted capital.
Profit brought forward
Consists of the previous year’s profit brought forward and profit less dividends paid out during the year.