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Group
Share capital
As of December 31, 2017 the Group’s registered share capital was 42,288,489 shares (SEK 422,884,890).
Reserves
Translation reserve
Translation reserves include all exchange differences that arise when translating financial statements from foreign operations
whose financial statements are stated in currencies other than the Group’s presentation currency. The Parent company and the
Group present their financial statements in SEK.
Hedging reserve
The hedging reserve encompasses the effective portion of the accumulated net change in the fair value of a cash flow hedging
instrument attributable to hedging transactions yet to take place.
Statutory reserve
The statutory reserve refers to a reduction of the share capital carried out previously.
Retained profits and profit for the year
Retained profits and profit for the year include profits earned and retained by the Parent and subsidiaries, investments in
associates, revaluation of the net pension commitment, subscription warrants, net effect of acquisition of minority share and profit
for the year.
Treasury shares
The Group owned a total of 0 (0) treasury shares as of December 31, 2017.
Specification of equity item “Reserves”
Statutory
reserve
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reserve
Translation
reserve Total
2016 opening balance 5 7 243 255
Exchange differences - - 188 188
Cash flow hedges recognized in "Other comprehensive income" - 23 - 23
7DRQFDVKIORZKHGJHVUHFRJQLHGLQ´2WKHUFRPSUHKHQVLYHLQFRPH´ - -5 - -5
2016 closing balance 5 25 431 461
2017 opening balance 5 25 431 461
Exchange differences - - -704 -704
2017 closing balance 5 25 -273 -243
Parent company
Share capital
In accordance with the articles of association for AAK AB (publ.), share capital shall be a minimum of SEK 300 million and a
maximum of SEK 1.2 billion. All shares are fully paid and entitle the holder to equal voting rights and shares in Company assets.
Share capital consists of 42,288,489 shares (42,288,489) at a quota value of SEK 10 per share, and shareholder equity of SEK
422,884,890 (422,884,890).
Statutory reserve
The statutory reserve refers to a reduction of the share capital carried out previously.
Retained profit
Retained profit includes non-restricted equity from the previous year after any dividend distribution. This comprises profit for the
year and subscription warrants, total non-restricted equity, i.e. the amount available for dividends to shareholders.
Dividend
In accordance with the Swedish Companies Act, the Board of Directors proposes payment of a dividend, for the consideration
and approval of the Annual General Meeting of the Shareholders. The proposed dividend for payment in 2017 is SEK 412 million
(SEK 9.75 per share), which has not yet been considered by the Annual General Meeting. This amount is not recognized as a
liability.
Proposed appropriation of profits
7KH%RDUGRI'LUHFWRUVDQG&KLHI(HFXWLYH2I¿FHUSURSRVHWKDW
7KHGLVSRVDEOHSUR¿WEURXJKWIRUZDUG SEK 3,444,859,746
DQGSUR¿WORVVIRUWKH\HDU 6(.
Total SEK 3,435,532,596
EHDSSURSULDWHGDVIROORZV
To be distributed to shareholders, a dividend of SEK 9.75 per share SEK 412,312,768 1)
To be carried forward SEK 3,023,219,828
Total SEK 3,435,532,596
1) Calculated on the number of outstanding shares as at the balance sheet date.