ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
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PROPOSED APPROPRIATION Of PROfIT<br />
The Parent Company’s distributable funds are at<br />
the disposal of the Board of Directors as follows:<br />
SEK<br />
Share premium reserve 111,255,876<br />
Fair value reserve –702,170,810<br />
Retained earnings 5,816,113,079<br />
Net earnings for the year –323,781,344<br />
Total 4,901,417,801<br />
Retained earnings from the previous year have<br />
increased the Group contributions received<br />
during the year, which amounted to SEK<br />
44,957,000 net after tax.<br />
The Board of Directors and the President<br />
& CEO propose that the earnings be distributed<br />
as follows:<br />
SEK<br />
Dividend,<br />
79,744,651 shares x SEK 4.10 326,953,069<br />
Balance carried forward 4,574,464,732<br />
Total 4,901,417,801<br />
The Board of Directors’ complete statement<br />
motivating the proposed disposition of profit<br />
for the 2010 financial year will be presented<br />
in a separate document prior to the 2011 Annual<br />
General Meeting. It concludes, among<br />
other things, that the proposed dividend is<br />
in line with the company’s dividend policy<br />
and that the Board, having considered the<br />
nature of the company’s operations, its scope<br />
and risks, as well as the company’s and the<br />
Group’s consolidation requirements, liquidity<br />
and financial position in general, has<br />
found no indications that the proposed dividend<br />
is unjustified.<br />
The financial reports have been approved<br />
for release on March 7, 2011 by the Board of<br />
Directors of the Parent Company, which proposes<br />
their adoption by the Annual General<br />
Meeting on March 31, 2011.<br />
For further information on the earnings<br />
and financial position of the Parent Company<br />
and the Group, please refer to the income<br />
statements, balance sheets, summary<br />
Stockholm, March 7, 2011<br />
Lars Wollung<br />
President & CEO<br />
Lars Lundquist Matts Ekman<br />
Chairman of the Board Board member<br />
Helen Fasth-Gillstedt Lars Förberg Joakim Rubin<br />
Board member Board member Board member<br />
Charlotte Strömberg Fredrik Trägårdh<br />
Board member Board member<br />
Board of Directors’ report<br />
of changes in shareholders’ equity, cash flow<br />
statements and notes.<br />
The Board of Directors and the President<br />
& CEO certify that the Annual Report has<br />
been prepared in accordance with generally<br />
accepted accounting standards in Sweden<br />
and that the consolidated accounts have<br />
been prepared in accordance with the international<br />
accounting standards referred to in<br />
Regulation (EC) No 1606/2002 of the European<br />
Parliament and of the Council of July<br />
19, 2002 on the application of international<br />
accounting standards. The annual accounts<br />
and consolidated accounts give a true and<br />
fair view of the financial position and results<br />
of the Parent Company and the Group. The<br />
Board of Directors’ report for the Parent<br />
Company and the Group gives a true and fair<br />
overview of the operations, financial position<br />
and results of the Parent Company and the<br />
Group, and describes significant risks and<br />
uncertainties that the Parent Company and<br />
the companies in the Group face.<br />
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