Volvo 2006 Annual Report Download - page 144

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Restricted equity Unrestricted equity
Share Fair Total
Share Statutory premium value Retained shareholders’
SEK M capital reserve reserve reserve earnings Total equity
Balance at December 31, 2003 2,649 7,241 – – 50,878 50,878 60,768
Effect due to change of accounting principle – – – – 235 235 235
Balance at January 1, 2004 2,649 7,241 – – 51,113 51,113 61,003
Cash dividend – – – – (3,356) (3,356) (3,356)
Distribution of shares in Ainax AB to shareholders – – – – (6,310) (6,310) (6,310)
Repurchase of own shares – – – – (2,532) (2,532) (2,532)
Share based payments – – – – 14 14 14
Income for the period – – – – 5,146 5,146 5,146
Balance at December 31, 2004 2,649 7,241 – – 44,075 44,075 53,965
Effect due to change of accounting principle – – – – (501) (501) (501)
Balance at January 1, 2005 2,649 7,241 – – 43,574 43,574 53,464
Decrease of share capital (95) – – – – – (95)
Transfer to statutory reserve – 95 – – – – 95
Cash dividend – – – – (5,055) (5,055) (5,055)
Repurchase of own shares – – – – (1,764) (1,764) (1,764)
Share based payments – 1 – – 22 22 23
Revaluation of shares in listed companies – – – 83 – 83 83
Income for the period – – – – 4,360 4,360 4,360
Balance at December 31, 2005 2,554 7,337 – 83 41,137 41,220 51,111
Cash dividend – – – – (6,775) (6,775) (6,775)
Share based payments – – 40 – 119 159 159
Revaluation of shares in listed companies – – – 392 – 392 392
Income for the period – – – – 4,349 4,349 4,349
Balance at December 31, 2006 2,554 7,337 40 475 38,830 39,345 49,236
Changes in Shareholders’ equity
The distribution of share capital by class of shares is shown in Note
23 to the consolidated fi n ancial 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.
Parent Company AB Volvo
140 Financial information 2006