Volvo 2005 Annual Report Download - page 148

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Proposed disposition of
unappropriated earnings
AB Volvo SEK M
Retained earnings 36,860
Net income 2005 4,360
Total 41,220
The Board is of the opinion that the dividend proposed below is justifiable on both the com-
pany and the Group level with regard to the demands on company and Group equity imposed
by the type, scope and risks of the business and with regard to the company’s and the
Group’s financial stregth, liquidity and overall position. The company’s equity would have been
86, or 0.2%, less if the assets and liabilities had not been valued at fair value in accordance
with chapter 4 section 14 a of the Annual Reports Act.
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 16.75 per share 6,775
To be carried forward 34,445
Total 41,220
We hereby certify, to the best of our knowledge, that
– the annual accounts have been prepared in accordance with good accounting practices for
a stock market company;
– the information is, in all material respects, consistent with the actual conditions; and
– nothing of material importance has been omitted that could affect the financial position of
the company as presented in the annual report.1
1 This certifi cation, which has been provided in accordance with Section 3.6.2 of the Swedish Code of
Corporate Governance, does not mean that the board of directors and the President of the Company
assumes any further responsibility than what follows from the Swedish Companies Act (2005:551).
Göteborg, February 2, 2006
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 2, 2006
PricewaterhouseCoopers AB
Olof Herolf Olov Karlsson
Authorized Public Accountant Authorized Public Accountant
Lead Partner Partner
Proposed disposition of unappropriated earnings
144 Volvo Group 2005