Saab 2014 Annual Report Download - page 134

Download and view the complete annual report

Please find page 134 of the 2014 Saab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

REPORTS
DIVIDEND MOTIVATION
Saab is one of the world’s leading high-technology
companies, because of which its operations are distin-
guished by complex development 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.
e Board of Directors’ proposed dividend
amounts to SEK 4.75 per share, corresponding to a
total dividend of MSEK 501. Unrestricted equity
amounts to MSEK 5,486 in Saab AB and prot carried
forward in the Group before the dividend is paid
amounts to MSEK 9,365.
Net income for the year attributable to the Parent
Company’s shareholders amounted to MSEK 1,153
for the Group and MSEK 1,170 for the Parent Com-
pany.
Aer paying the dividend to the shareholders, the
Group’s equity/assets ratio amounts to 37.4 per cent,
compared to the objective of 30 per cent. Since the
IPO in 1998, the equity/assets ratio has risen from 22
per cent to 38.5 per cent in 2014.
Saab’s gross capital expenditure in 2014 amoun-
ted to MSEK 732, which is considered a good estima-
tion of annual future investments in tangible xed
assets. Investments are also made in research and
development, which in 2014 amounted to
MSEK1,338, of which MSEK 171was capitalised in
the balance sheet.
At year-end, Saab had a net debt, which includes
liquid assets, short-term investments and interest-
bearing receivables less interest-bearing liabilities,
including provisions for pensions, amounting to
MSEK 2,113. Saab’s ability to carry out its commit-
ments is not expected to be aected by the proposed
dividend either on a short or a long-term basis.
e 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. e demands that the company’s nature, scope and
risks place on the size of its equity, and
2. e company’s consolidation needs, liquidity or
nancial position in other respects.
e Board of Directors Saab AB
The Board of Directors’ statement according to chapter 18, § 4 of the Companies Act
with regard to the proposed dividend – Saab AB
130 – SAAB ANNUAL REPORT 2014