Electrolux 2002 Annual Report Download - page 49

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    
N
A-shares carry one vote and B-shares one-tenth of a vote.
As of December 31, 2002, Electrolux had repurchased
20,394,052 B-shares, with a total par value of SEK 102m.
The average number of shares during the year has been
327,093,373 (340,064,997).
Unrestricted consolidated earnings amount to SEK 11,648m.
No allocation to restricted reserves is required. The accumu-
lated translation differences charged to equity since January 1,
1998 amount to SEK –324m (1,462). Translation differences
in 2002 amount to SEK –1,786m and have been reduced by
SEK 889m through equity hedging.
N 16 E
Share Restricted Retained Net
Group capital reserves earnings income Total
Closing balance Dec. 31, 2000 1,831 11,850 8,186 4,457 26,324
Transfer of retained earnings ——4,457 –4,457 —
Dividend payment ——–1,365 —–1,365
Repurchase of shares ——–1,752 —–1,752
Dividends to minority shareholders ——–28 —–28
Translation differences ——1,815 —1,815
Transfers between restricted and unrestricted equity —1,588 –1,588 ——
Net income ———3,870 3,870
Closing balance Dec. 31, 2001 1,831 13,438 9,725 3,870 28,864
Transfer of retained earnings ——3,870 –3,870 —
Cancellation of shares –137 137 ———
Dividend payment ——–1,483 —–1,483
Repurchase of shares ——–1,703 —–1,703
Dividends to minority shareholders ——–23 —–23
Minimum liability, US pensions ——–1,335 —–1,335
Translation differences ——–1,786 —–1,786
Transfers between restricted and unrestricted equity — 712 –712 ——
Net income ———5,095 5,095
Closing balance Dec. 31, 2002 1,694 14,287 6,553 5,095 27,629
Share Restricted Retained Net
Parent Company capital reserves earnings income Total
Closing balance Dec. 31, 2000 1,831 2,731 3,992 6,504 15,058
Transfer of retained earnings ——6,504 –6,504 —
Dividend payment ——–1,365 —–1,365
Repurchase of shares ——–1,752 —–1,752
Write-down of revaluation fund ——–56 —–56
Net income ———4,392 4,392
Closing balance Dec. 31, 2001 1,831 2,731 7,323 4,392 16,277
Transfer of retained earnings ——4,392 –4,392 —
Dividend payment ——–1,483 —–1,483
Repurchase of shares ——–1,703 —–1,703
Cancellation of B-shares and reduction of share capital –137 137 ———
Net income ———3,550 3,550
Closing balance Dec. 31, 2002 1,694 2,868 8,529 3,550 16,641
N 17 S     
Value at par
On December 31, 2002, the share capital comprised the following:
10,000,000 A-shares, par value SEK 5 50
328,712,580 B-shares, par value SEK 5 1,644
Total 1,694