PC14. Proposed disposition of earnings

Annual accounts 2016

Disposition of earnings, Parent Company

1)

Based on the number of outstanding shares at December 31, 2016. The amount of the dividend may change if any treasury share transactions are executed before the record date, April 7, 2017. The company’s equity would have been SEK 22,526,665 higher if assets and liabilities had not been measured at fair value in accordance with Chapter 4, Section 14a of the Swedish Annual Accounts Act.

Non-restricted equity in the Parent Company:

 

retained earnings

44,844,697,534

net profit for the year

42,545,369,155

Total

87,390,066,689

 

 

The Board of Directors and the President propose:

 

to be distributed to shareholders, a dividend of SEK 6.00 per share

4,214,054,934 1)

to be carried forward

83,176,011,755

Total

87,390,066,689

Stockholm February 23, 2017

The Board of Directors and President declare that the consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards adopted by the EU and that disclosures herein give a true and fair view of the Group’s financial position and results of operations. The Parent Company’s financial statements have been prepared in accordance with generally accepted accounting principles in Sweden and give a true and fair view of the Parent Company’s financial position and results of operations. The statutory Board of Directors’ Report provides a fair review of the Parent Company’s and Group’s operations, financial position and results of operations and describes material risks and uncertainties facing the Parent Company and the companies included in the Group.

Pär Boman
Chairman of the Board

Roger Boström
Board member,
appointed by the employees

Ewa Björling
Board member

Maija-Liisa Friman
Board member

Annemarie Gardshol
Board member

Johan Malmquist
Board member

Bert Nordberg
Board member

Louise Svanberg
Board member

Örjan Svensson
Board member,
appointed by the employees

Barbara Milian Thoralfsson
Board member

Thomas Wiklund
Board member,
appointed by the employees

Magnus Groth
President, CEO and Board member

Our audit report was submitted on February 23, 2017
Ernst & Young AB

Hamish Mabon
Authorized Public Accountant
Auditor in charge