Saab 2012 Annual Report Download - page 125

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Saab is one of the world’s leading high-technology companies,
because of which its operations are distinguished by complex devel-
opment assignments on the cutting edge of technology. Over the
years, Saab has conducted signicant development projects and
managed the associated risks with great success. See also risks and
uncertainties in the annual report.
The Board of Directors’ proposed dividend amounts to SEK 4.50
per share, corresponding to a total dividend of MSEK 477. Unre-
stricted equity amounts to MSEK 4,531 in Saab AB and prot
carried forward in the Group before the dividend paid amounts to
MSEK 11,380.
Net income for the year attributable to Parent Company’s share-
holders amounted to MSEK 1,564 for the Group and MSEK 965 for
the Parent Company.
After paying the dividend to the shareholders, the Group’s equity/
assets ratio amounts to 46.6 per cent, compared to the long-term
objective of 30 per cent. Since the IPO in 1998, the equity/assets
ratio has risen from 22 per cent to 47 per cent in 2012.
Saab’s gross capital expenditure in 2012 amounted to MSEK 328,
which is considered a good approximation of annual future invest-
ments in tangible xed assets. Investments are also made in research
and development, which in 2012 amounted to MSEK 1,798, of which
MSEK 292 was capitalised in the balance sheet.
At year-end, Saab had a net cash position, which includes liquid
assets, short-term investments and interest-bearing receivables less
interest-bearing liabilities, including provisions for pensions,
amounted to MSEK4,405. Saab’s ability to carry out its commit-
ments is not affected by the proposed dividend either on a short- or a
long-term basis.
The proposed dividend is considered justiable with regard to what is
stated in chapter 17, § 3, paragraphs two and three of the Companies
Act (2005:551):
1. The demands that the company’s nature, scope and risks place on
the size of its equity, and
2. The company’s consolidation needs, liquidity or nancial position
in other respects.
The Board of Directors Saab AB
DIVIDEND MOTIVATION
The Board of Directors’ statement according to chapter 18, § 4 of the Companies Act with regard
to the proposed dividend – Saab AB
SAAB ANNUAL REPORT 2012 121
FINANCIAL INFORMATION > DIVIDEND MOTIVATION