ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...

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32 The share CHANGES IN SHARE CAPITAL Transaction 2001 Founding of the company 100,000 100,000 1,000 100 2001 Split 5000:1 0 100,000 5,000,000 0.02 2001 New issue 1) 778,729.4 878,729.4 43,936,470 0.02 2002 New issue 2) 208,216.72 1,086,946.12 54,347,306 0.02 2002 New issue 3) 612,765.96 1,699,712.08 84,985,604 0.02 2005 Redemption 4) –140,587.06 1,559,125.02 77,956,251 0.02 2007 Exercise of employee stock options 5) 22,672 1,581,797.02 79,089,851 0.02 2008 Exercise of employee stock options 6) 10,046.40 1,591,843.42 79,592,171 0.02 2009 Exercise of employee stock options 7) 8,049.60 1,599,893.02 79,994,651 0.02 1) Directed to Industri Kapital 1997 Fund and Synergy at a subscription price of SEK 0.02 per share as part of the legal restructuring of the Intrum Justitia Group. 2) 1,402,228 shares each to Industri Kapital 1997 Fund and Synergy at a subscription price of SEK 4.432 per share, and 3,803,190 shares each to Industri Kapital 1997 Fund and Synergy at a subscription price of SEK 0.02 per share. 3) 30,638,298 shares to the public and institutional investors at a subscription price of SEK 47 per share. 4) Redemption of 7,029,353 shares for a cash payment of SEK 84 per share. The procedure involved the distribution of a total of SEK 590,325,064.94 to the company’s shareholders, whereby the company’s share capital was reduced by SEK 140,587.06, while the share premium reserve was reduced by SEK 590,325 064.94. SHAREHOLDINGS BY SIZE Holding, no. of shares No. of shareholders Total no. of shares Capital and votes, % 1–1,000 5,904 1,892,984 2.4 1,001 – 10,000 920 2,915,592 3.6 10,001 – 50,000 157 3,651,248 4.6 50,001 – 100,000 58 4,164,087 5.2 100,001 – 500,000 93 21,278,468 26.6 500,001 – 1,000,000 22 14,974,441 18.7 1,000,001 – 5,000,000 14 31,117,831 38.9 Total 7,168 79,994,651 100 No. of shareholders who own one trading lot (100 shares) or less: 2,109 Change in share capital Total capital Total no. of shares Quota value per share 5) During the period July 1 – December 31, 2007 Intrum Justitia’s share capital increased from SEK 1,559,152.02 to SEK 1,581,797.02, corresponding to 1,133,600 new shares and the same number of votes, as new shares were subscribed for through the exercise of employee options. 6) During the period January 1 – December 31, 2008 Intrum Justitia’s share capital increased from SEK 1,581,797.02 to SEK 1,591,843.42, corresponding to 502,320 new shares and the same number of votes, as new shares were subscribed for through the exercise of employee options. 7) During the period January 1 – December 31, 2009 Intrum Justitia’s share capital increased from SEK 1,591,843.42 to SEK 1,599.893.02, corresponding to 402,480 new shares and the same number of votes, as new shares were subscribed for through the exercise of employee options. OWNERSHIP STRUCTURE AS Of DECEMBER 31 Total no. of shares 79,994,651 No. of shares Capital and votes. % Carnegie Funds 5,108,000 6.4 Swedbank Robur Funds 3,509,419 4.4 CapMan Oy 3,407,550 4.3 SEB Funds 3,097,341 3.9 Lannebo Funds 2,938,972 3.7 Fourth Swedish Nat’l Pension Fund 2,394,270 3.0 Öresund Investment AB 2,388,000 3.0 Länsförsäkringar Funds 2,342,175 2.9 First Swedish Nat’l Pension Fund 2,198,962 2.7 SHB Funds 2,171,056 2.7 Total 29,555,745 33.0 DATA PER SHARE 2010 2009 2008 2007 2006 Earnings before dilution, SEK 5.67 5.53 5.58 5,86 5,09 Earnings after dilution, SEK 5.67 5.53 5.56 5,83 5,04 Operating cash flow, SEK 20.37 19.12 15.88 12,85 11,09 Shareholders’ equity before dilution, SEK 32.21 31.96 30.19 23,30 18,73 Shareholders’ equity after dilution, SEK 32.21 31.96 30.28 23,46 20,46 Dividend / proposed dividend, SEK 4.10 3.75 3.50 3,25 2,75 Dividend payout, % 72.3 67.9 63.2 55,5 54,0 Share price at year-end, SEK 103.50 89.75 78.50 115,0 88,75 Yield, % 4.0 4.2 4.5 2,8 3,1 P/S, multiple 2.2 1.7 1.7 2,8 2,4 P/E, multiple 18.3 16.3 14.2 19,6 17,4 Beta 0.7 0.7 0.8 0,7 0,8 No. of shares at year-end 79,774,651 79,744,651 79,342,171 79,089,851 77,956,251 No. of shares at year-end after dilution 79,774,651 79,744,651 79,640,093 79,513,063 78,794,959 Average no. of shares 79,774,651 79,658,944 79,148,161 78,436,068 77,956,251 Average no. of shares after dilution 79,774,651 79,681,973 79,446,083 78,859,280 78,794,959
financial overview Income statement. SEK M 2010 2009 2008 2007 2006 Revenues 3,766.0 4,127.8 3,677.7 3,225.6 2,939.6 Cost of sales –2,322.6 –2,599.2 –2,195.3 –1,868.9 –1,705.9 Gross earnings 1,443.4 1,528.6 1,482.4 1,356.3 1,233.7 Sales and marketing expenses –303.8 –338.2 –307.3 –285.4 –261.9 General and administrative expenses –410.7 –506.5 –426.8 –403.9 –385.5 Disposal of operation/Goodwill impairment 0.0 –16.0 –51.8 – – Participation in associated companies 1.7 0.3 0.8 0.8 0.4 Operating earnings (EBIT) 730.6 668.2 697.3 667.8 586.7 Net financial items –91.3 –79.8 –127.6 –72.1 –59.6 Earnings before tax 639.3 588.4 569.7 595.7 527.1 Tax –187.3 –147.8 –128.0 –133.7 –119.6 Net earnings for the period 452.0 440.6 441.7 462.0 407.5 Of which attributable to Parent Company shareholders 452.0 440.5 441.7 459.6 397.0 Non controlling interests 0.0 0.1 0.0 2.4 10.5 Net earnings for the period 452.0 440.6 441.7 462.0 407.5 Balance sheet, SEK M Assets 2010 2009 2008 2007 2006 Total fixed assets 5,243.3 4,862.1 4,978.3 3,880.1 3,118.3 of which purchased debt 2,373.4 2,311.9 2,330.3 1,882.2 1,317.9 Total current assets 1,871.7 1,936.8 1,762.7 1,513.3 1,343.2 Total assets 7,115.0 6,798.9 6,741.0 5,393.4 4,461.5 Shareholders’ equity and liabilities Total shareholders’ equity 2,576.6 2,548.9 2,395.3 1,842.5 1,492.6 Total liabilities 4,538.4 4,250.0 4,345.7 3,550.9 2,968.9 Total shareholders’ equity and liabilities 7,115.0 6,798.9 6,741.0 5,393.4 4,461.5 Key figures 2010 2009 2008 2007 2006 Revenues, SEK M 3,766.0 4,127.8 3,677.7 3,225.2 2,939.6 Revenues excl. revaluations, SEK M 3,762.8 4,163.5 3,675.5 3,213.7 2,932.4 Organic growth, % –0.8 3.9 9.3 10.4 4.3 Operating earnings, SEK M 730.6 668.2 697.3 667.8 586.7 Operating earnings excl. revaluations SEK M 727.4 703.9 695.1 656.3 579.5 Operating margin excl. revaluations, % 19.3 16.9 18.9 20.4 19.8 Interest coverage ratio, multiple 7.2 7.6 4.6 7.5 8.1 Return on total capital, % 10.7 10.0 12.0 13.9 14.0 Return on capital employed % 14.4 13.4 16.8 20.2 20.5 Return on operating capital % 15.7 14.3 17.2 21.1 21.5 Return on shareholders’ equity, % 17.6 17.8 20.8 27.8 28.9 Return on purchased debt, % 16.3 15.6 16.6 17.0 14.4 Equity/assets ratio, % 36.2 37.5 35.5 34.2 33.5 Average number of employees 3,099 3,372 3,318 3,093 2,954 The share 33
Page 1 and 2: INTRUM JUSTITIA ANNUAL REPORT
Page 3 and 4: Net earnings amounted to SEK 452 M
Page 5 and 6: We are working to promote healthy p
Page 7 and 8: ity will increase in these countrie
Page 9 and 10: In addition to being present in 22
Page 11 and 12: We are the market-leading credit ma
Page 13 and 14: Our services Respectful credit mana
Page 15 and 16: insight to feed innovation We are a
Page 17 and 18: Payment services Information is imp
Page 19 and 20: Payment guarantee Many of our custo
Page 21 and 22: Committing to challenge We are ofte
Page 23 and 24: Credit institutions, private and pu
Page 25 and 26: Our goal is to be the employer of c
Page 27 and 28: Benefits of credit management Sound
Page 29 and 30: Regions Intrum Justitia has operati
Page 31: No. of shares traded Intrum Justiti
Page 35 and 36: There are several attractive commer
Page 37 and 38: NET fINANCIAL ITEMS The net financi
Page 39 and 40: GOODWILL The Group’s goodwill amo
Page 41 and 42: PROPOSED APPROPRIATION Of PROfIT Th
Page 43 and 44: Consolidated balance sheet SEK M NO
Page 45 and 46: Consolidated cash flow statement SE
Page 47 and 48: Parent Company income statement SEK
Page 49 and 50: Parent Company balance sheet SEK M
Page 51 and 52: Condensed statement of changes in s
Page 53 and 54: NOTE 1 SIGNIfICANT ACCOUNTING AND V
Page 55 and 56: Legal outlays The Group incurs outl
Page 57 and 58: iod of employment of the employees
Page 59 and 60: GROUP Tangible and intangible fixed
Page 61 and 62: GROUP 2010 2009 Reconciliation SEK
Page 63 and 64: NOTE 11 TANGIBLE fIXED ASSETS GROUP
Page 65 and 66: NOTE 13 JOINT VENTURES Intrum Justi
Page 67 and 68: NOTE 21 LIQUID ASSETS GROUP PARENT
Page 69 and 70: ity amounted to SEK 168.7 M (849.7)
Page 71 and 72: SEK Base salary/fee Variable comp-
Page 73 and 74: 2010 PARENT COMPANY SEK M At fair v
Page 75 and 76: Accounts receivable The Group’s a
Page 77 and 78: Audit Report We have audited the an
Page 79 and 80: CHARLOTTE STRÖMBERG Age 51 Directo
Page 81 and 82: PER CHRISTOFFERSON Age 42, Director
Page 83 and 84:
ATTENDANCE AT BOARD MEETINGS IN 201
Page 85 and 86:
The Board of Directors’ report on
Page 87 and 88:
able on the intranet and ongoing em
Page 89 and 90:
Information for shareholderst Annua
Page 91 and 92:
Intrum Justitia’s annual report 2
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ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...

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