Volvo 2010 Annual Report Download - page 96

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Information regarding number of shares 2009 2010
Own Series A shares 20,728,135 20,728,135
Own Series B shares 80,265,060 80,265,060
Total own shares 100,993,195 100,993,195
Own shares in % of total registered shares 4.74 4.74
Outstanding Series A shares 656,873,495 656,873,495
Outstanding Series B shares 1,370,553,530 1,370,553,530
Total outstanding shares 2,027,427,025 2,027,427,025
Total registered Series A shares 677,601,630 677,601,630
Total registered Series B shares 1,450,818,590 1,450,818,590
Total registered shares 2,128,420,220 2,128,420,220
Average number of outstanding shares 2,027,419,396 2,027,419,396
Change in other reserves (SEK M) Hedge reserve
Available- for-
sale reserve Total
Balance at January 1, 2010 243 (120) 123
Change in fair value ofcontracts hedging currency risks 3 – 3
Tax on change in fair value of contracts hedging currency risks (1) – (1)
Transfers to income (354) – (354)
Tax on transfers to income statement 93 – 93
Change in fair value of commodity contracts 103 – 103
Fair value adjustments regarding holding in Deutz – 172 172
Fair value adjustments regardingshares held byUD Trucks – (14) (14)
Fair value adjustments regarding holding in Vindic AB – (10) (10)
Balance at December 31, 2010 87 28 115
Earnings per share
Earnings per share are calculated as income for the period, attribut-
able to the Parent Company's shareholders, divided by the Parent
Company’s average number of shares outstanding for the fiscal year.
Diluted earnings per share is calculated as income for the period
attributable to the Parent Company’s shareholders divided by the
average number of shares outstanding plus the average number of
shares that would be issued as an effect of ongoing share-based
incentive programs. If during the year there were potential shares
redeemed or expired during the period, these are also included in the
average number of shares used to calculate the earnings per share
after dilution.
The share-based incentive program creates a dilution effect when
the non-market-based financial goals are achieved for the fiscal year.
The requirement for 2009 was not met. For 2010 AB Volvo had no
share-based incentive program. No other transactions have occured
that affected, or will have an effect on, the compilation of the reported
share capital.
2009 2010
Number of shares, December 31, in millions 2,027 2,027
Average number of shares
before dilution in millions 2,027 2,027
Average number of shares after
dilution in millions 2,027 2,027
Average share price, SEK 53.65 85.75
Net income attributable to
Parent Company shareholders (14,718) 10,866
Basic earnings per share, SEK (7.26) 5.36
Diluted earnings per share, SEK (7.26) 5.36
FINANCIAL INFORMATION 2010
92