Volvo 2004 Annual Report Download - page 108

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106 Proposed disposition of unappropriated earnings
Proposed disposition of
unappropriated earnings
Group
As shown in the consolidated balance sheet at December 31, 2004, unrestricted equity
amounted to SEK 56,034 M (57,002). Of this amount, SEK 0 M is estimated to be appropri-
ated to restricted equity.
AB Volvo SEK M
Retained earnings 38,680
Net income 2004 5,098
Total 43,778
The Board of Directors and the President propose that the above sum be disposed of as
follows:
SEK M
To the shareholders, a dividend of SEK 12.50 per share 15,126
To be carried forward 138,652
Total 43,778
1 As per February 9, 2005, the amount of outstanding shares amounted to 410,129,842. If further repur-
chase of own shares is carried out before the Annual General Meeting held April 12, 2005, the total divi-
dend according to the proposal of the Board of Directors will be reduced with an amount corresponding
to SEK 12.50 multiplied with the amount additional repurchased shares. Correspondingly the amount to
be carried forward will be increased with the equivalent amount.
Göteborg, February 9, 2005
Finn Johnsson
Per-Olof Eriksson Patrick Faure
Haruko Fukuda Tom Hedelius Leif Johansson
Louis Schweitzer Ken Whipple
Martin Linder Olle Ludvigsson Johnny Rönnkvist
Our audit report was issued on February 9, 2005
PricewaterhouseCoopers AB
Olof Herolf Olov Karlsson
Authorized Public Accountant Authorized Public Accountant
Lead Partner Partner