Saab 2012 Annual Report Download - page 126

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The Board of Directors and the President propose that the unappro-
priated earnings in the Parent Company at disposal of the Annual
General Meeting, amounting to:
SEK
Retained earnings 3,565,659,280
Net income for the year 964,946,957
Total 4,530,606,237
Be disposed as follows:
To the shareholders, a dividend of SEK 4.50 per
share
476,688,731
Funds to be carried forward 4,053,917,507
Total 4,530,606,237
After the proposed disposition, equity in the Parent Company will be
as follows:
SEK
Capital stock 1,746,405,504
Statutory reserve 542,471,135
Revaluation reserve 706,648,200
Retained earnings 4,053,917,507
Total 7,049,442,346
The company’s policy is to issue a dividend of 20–40 per cent of net income
over a business cycle. The Board of Directors and the President propose that
MSEK 477 (474), or SEK 4.50 per share (4.50) be issued as a dividend. This
has been calculated based on the amount of outstanding shares on 31 De-
cember 2012, of 105,930,829. Saab’s equity/assets ratio is currently 47.5 per
cent (41.1) and after the proposed disposition of earnings will be 46.6 per cent
(40.2).
PROPOSED
DISPOSITION OF EARNINGS
The undersigned certify that the consolidated accounts and the annual report have been prepared in accordance with International Financial Reporting Standards
(IFRS), as adopted for use in the European Union, and generally accepted accounting principles, and give a true and fair view of the financial positions and results
of the Group and the Parent Company, and that the management report gives a fair review of the development of the operations, financial positions and results of
the Group and the Parent Company and describes substantial risks and uncertainties that the Group companies faces.
Linköping, 15 February 2013
Marcus Wallenberg
Chairman
Johan Forssell Sten Jakobsson Per-Arne Sandström
Board member Board member Board member
Cecilia Stegö Chilò Åke Svensson Lena Treschow Torell Joakim Westh
Board member Board member Board member Board member
Catarina Carlqvist Stefan Andersson Conny Holm
Board member Board member Board member
Håkan Buskhe
President and Chief Executive Officer (CEO) and board member
Our audit report was submitted on 22 February 2013
PricewaterhouseCooopers AB
Håkan Malmström
Authorised Public Accountant
122 SAAB ANNUAL REPORT 2012
FINANCIAL INFORMATION > PROPOSED DISPOSITION OF EARNINGS