Proposed Allocation of Earnings
Dividend
The Board of Directors proposes a dividend of SEK 8.00 (8.00) per share. The total dividend amounts to SEK 175 million (174). Addtech's dividend policy is to pay as a dividend more than 50 percent of average Group profit after tax over a business cycle. The proposed dividend represents a payout ratio of 55 percent (55).
Proposed allocation of earnings
| The following amounts are available for distribution by the Annual General Meeting of Addtech AB: | |
| Retained earnings | 742 SEKm |
| Profit for the year | 165 SEKm |
| 907 SEKm | |
| The Board of Directors and the CEO propose that the funds available for distribution be allocated as follows: | |
| A dividend paid to shareholders of SEK 8.00 per share 1) | 175 SEKm |
| To be carried forward | 732 SEKm |
| 907 SEKm | |
| 1) Based on the number of shares outstanding at 31 May 2013. The total dividend payout may change if the number of treasury shares repurchased changes prior to the proposed dividend record date of 2 September 2013. | |
The Board of Directors deems the proposed dividend justifiable in the context of the demands on Group equity made by the Group's operations, size and risks, and in the context of the Group's need for a strong balance sheet, liquidity and overall financial position.
At the end of the reporting period, equity in the Parent Company included SEK 1 million (0) resulting from financial assets and liabilities being measured at fair value in accordance with the Swedish Annual Accounts Act (Chapter 4, Section 14a).
Assurance of the Board of Directors
The Board of Directors and the Chief Executive Officer deem the consolidated financial statements and annual accounts to be prepared in accordance with IFRS, as adopted by the EU, and with generally accepted accounting principles, and that they provide a true and fair overview of the financial position and results of operations of the Group and the Parent Company. The administration report for the Group and the Parent Company gives a true and fair overview of the Group's and the Parent Company's operating activities, financial position and results of operations and describes significant risks and uncertainties to which the Parent Company and the companies that comprise the Group are exposed. The other aspects of the results of operations and financial position of the Group and the Parent Company are shown in the income statements, balance sheets, cash flow statements and notes to the financial statements.
Stockholm, 19 June 2013 |
Anders Börjesson Chairman of the Board |
Tom Hedelius Vice Chairman of the Board |
| Eva Elmstedt Board member |
Ulf Mattsson Board member |
Lars Spongberg Styrelseledamot |
Johan Sjö Board member and CEO |
We submitted our auditor's report on 20 June 2013 |
| KPMG AB Joakim Thilstedt Authorised Public Accountant |