PC14. Proposed disposition of earnings
Annual accounts 2016
Disposition of earnings, Parent Company |
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Non-restricted equity in the Parent Company: |
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retained earnings |
44,844,697,534 |
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net profit for the year |
42,545,369,155 |
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Total |
87,390,066,689 |
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The Board of Directors and the President propose: |
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to be distributed to shareholders, a dividend of SEK 6.00 per share |
4,214,054,934 1) |
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to be carried forward |
83,176,011,755 |
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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