Volvo 2005 Annual Report Download - page 136

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132 Volvo Group 2005
SEK M
Restricted equity Unrestricted Total share-
Share capital Legal reserve equity holders’ equity
Balance at December 31, 2003 2,649 7,241 50,878 60,768
Effect due to change of accounting principle – – 235 235
Balance at January 1, 2004 2,649 7,241 51,113 61,003
Cash dividend – – (3,356) (3,356)
Distribution of shares in Ainax AB to shareholders – – (6,310) (6,310)
Repurchase of own shares – – (2,532) (2,532)
Share based payments – – 14 14
Income for the period – – 5,146 5,146
Balance at December 31, 2004 2,649 7,241 44,075 53,965
Effect due to change of accounting principle – – (501) (501)
Balance at January 1, 2005 2,649 7,241 43,574 53,464
Decrease of share capital (95) – – (95)
Transfer to statutory reserve – 95 – 95
Cash dividend – – (5,055) (5,055)
Repurchase of own shares – – (1,764) (1,764)
Share based payments – 1 22 23
Revaluation of shares in listed companies – – 83 83
Income for the period – – 4,360 4,360
Balance at December 31, 2005 2,554 7,337 41,220 51,111
Parent Company AB Volvo
Changes in Shareholders’ equity
The distribution of share capital by class of shares is shown in Note
23 to the consolidated fi nancial statements. As of January 1, 2005,
the Parent Company applies the Swedish Financial Accounting
Standards Council’s RR 32 Accounting for legal entities, with retro-
active restatement from January 1, 2004. See Note 1 Accounting
principles and note 3 Impact of IFRS for more information regarding
the effects.