assets totalled SEK 2,173 million (positive 211 as of
December 31, 2018). Investments in intangible and
tangible assets amounted to SEK 5 million (6). The
average number of employees at December 31, 2019
was 37 (37).
Background to and motivation of the proposed
appropriation
of profits
The objective for the dividend in the long term is to
correspond to 30–50 percent of consolidated profits
after tax, while always considering AAK’s long-term
financing requirements. During the last ten years, the
annual dividend has been between 32–37 percent of the
net result.
Based on the current situation with the ongoing corona
pandemic, the Board of Directors has evaluated
the
proposal of the dividend for 2019.
As of March 30, 2020, AAK had not, due to the
corona pandemic, experienced any material business
disruptions. However, the volatility and uncertainty have
increased within all industries that AAK serves.
AAK has a robust foundation with a strong financial
track record and a solid balance sheet. However, as an
additional precaution due to the current situation, the
Board of Directors proposed, on March 30, 2020, to
postpone the decision on the dividend for 2019*.
Retained profits from the previous year total SEK
4,966 million and the profit for the 2019 financial year is
SEK 1,473 million (1,513 for the Group). Provided that
the 2020 Annual General Meeting approves the Board’s
proposed appropriation of profits, a total of SEK 6,439
million will be carried forward.
Proposed appropriation of profits
The Board of Directors propose that the disposable profit brought forward SEK 4,966,288,349
and profit/loss for the year SEK 1,472,909,933
Total SEK 6,439,198,282
be appropriated as follows:
To be carried forward SEK 6,439,198,282
Total SEK 6,439,198,282
The Group’s and the Parent’s income statements and balance sheets will be presented to the Annual General
Meeting on May 13, 2020 for adoption.
* The dividend proposal for 2019 was SEK 2.10 per share (36 percent of net profit).
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