Saab 2011 Annual Report Download - page 114

NOTE 31
LIQUID ASSETS
Group
MSEK 31-12-2011 31-12-2010
Cash and bank balances 681 703
Bank deposits 1,083 1,830
Funds in escrow accounts 139 -
Deposits held on behalf of customers 15 11
Total according to statement of financial position 1,918 2,544
Total according to statement of cash flows 1,918 2,544
Bank deposits relate to short-term investments, the large part of which has a
maturity of less than one month. Funds in escrow accounts relate to cash
deposited with independent third parties until contractual terms are met.
e Group’s unutilised account overdra facility amounted to  ()
at year end. With regard to the Group’s other loan facilities, refer to Notes 
and .
NOTE 32
ASSETS HELD FOR SALE
e Group holds no assets or liabilities for sale. Assets held for sale in 
amounted to   and included an associated company within Electronic
Defence Systems, Grintek Ewation. Saab’s interest in Grintek Ewation was
divested during the second quarter to Cassidian, a division of EADS; see
note.
NOTE 33
SHAREHOLDERS’ EQUITY
e shares in the Parent Company are divided into two series,  and . Both
classes of shares carry equal rights, with the exception that each Series  share
is entitled to ten votes and each Series  share one vote. e shares have a
quota value of  .
Outstanding shares as of
31 December 2011
Number of
shares
Per cent of
shares
Per cent of
votes
Series A 1,907,123 1.8 15.6
Series B 103,424,835 98.2 84.4
Total 105,331,958 100.0 100.0
Outstanding shares as of
31 December 2010
Number of
shares
Per cent of
shares
Per cent of
votes
Series A 1,907,123 1.8 15.6
Series B 102,810,606 98.2 84.4
Total 104,717,729 100.0 100.0
Change in number of
outstanding shares 2011 Series A Series B Total
Number of outstanding shares as of
1 January 1,907,123 102,810,606 104,717,729
Early share matching - 55,352 55,352
Share matching plan - 558,877 558,877
Number of outstanding shares as of
31 December 1,907,123 103,424,835 105,331,958
In  no Series  shares were repurchased on the market to secure Saab’s
Share Matching Plan and Performance Share Plan. During the year, ,
shares were matched in Saab’s Share Matching Plan. A total of ,,
shares are held in treasury.
e dividend to shareholders amounted to   (), or  .
(.) per share.
Management of the Group’s capital
e Group’s capital under management consists of equity. e Group’s capital
management goal is to facilitate continued operating growth and to remain
prepared to capitalise on business opportunities. e long-term equity/asset
goal is at least  per cent.
Net result of cash flow hedges
e net result of cash ow hedges comprises the eective share of the cumu-
lative net change in fair value of a cash ow hedging instrument attributable
to hedge transactions that have not yet taken place.
Translation reserve
e translation reserve comprises exchange rate dierences that arise from
the translation of nancial reports from operations that have prepared their
reports in a currency other than the currency that the Group’s nancial
reports are presented in. e Parent Company and the Group present their
nancial reports in . e translation reserve at year-end amounts to
- (-). Of the translation reserve  - () has been reclassied to
gains/losses.
Revaluation reserve
e revaluation reserve comprises the dierence between the fair value and car-
rying amount of operating properties reclassied as investment properties.
PARENT COMPANY
Restricted reserves
Restricted reserves may not be reduced through prot distributions.
Revaluation reserve
When a tangible or nancial xed asset is revaluated, the revaluation amount
is allocated to a revaluation reserve.
Legal reserve
Provisions to the legal reserve has previously amounted to at least  per cent
of net income for the year, until the legal reserve corresponded to  per cent
of the Parent Company’s capital stock. As of  provisions are voluntary
and the Parent Company makes no provisions to the statutory reserve.
Unrestricted equity
Retained earnings
Consists of previous year’s unrestricted equity aer prot distribution and
Group contributions paid. Retained earnings together with net income for
the year comprise unrestricted equity, i.e., the amount available for distribu-
tion to the shareholders.
FINANCIAL INFORMATION > NOTES
110 SAAB ANNUAL REPORT 2011