Volvo 2009 Annual Report Download - page 133

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AB Volvo SEK
Retained earnings 23,701,326,280.26
Income for the period 2009 (2,239,039,142.76)
Total retained earnings 21,462,287,137.50
The Board of Directors and the President propose that the above
sum be disposed of as follows:
SEK
To be carried forward 21,462,287,137.50
Proposed disposition of unappropriated earnings
The Board of Directors and the President certify that the annual financial
report has been prepared in accordance with generally accepted account-
ing principles and that the consolidated accounts have been prepared in
accordance with the international set of accounting standards referred to
in Regulation (EC) No 1606/2002 of the European Parliament and of the
Council of 19 July 2002 on the application of international accounting
standards, and give a true and fair view of the position and profit or loss of
the Company and the Group, and that the management report for the
Company and for the Group gives a fair review of the development and
performance of the business, position and profit or loss of the Company
and the Group, and describes the principal risks and uncertainties that the
Company and the companies in the Group face.
Göteborg, February 26, 2010
Louis Schweitzer
Board Chairman
Peter Bijur
Board member
Jean-Baptiste Duzan
Board member
Leif Johansson
President, CEO and
Board member
Anders Nyrén
Board member
Ravi Venkatesan
Board member
Lars Westerberg
Board member
Ying Yeh
Board member
Martin Linder
Board member
Mikael Sällström
Board member
Berth Thulin
Board member
Our audit report was issued on February 26, 2010
PricewaterhouseCoopers AB
Göran Tidström
Authorized Public Accountant
Lead Partner
Olov Karlsson
Authorized Public Accountant
Partner
129