Electrolux 2013 Annual Report Download - page 130

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Note 20 Share capital, number of shares and earnings per share
The equity attributable to equity holders of the Parent Company consists
of the following items:
Share capital
The share capital of AB Electrolux consists of 8,192,539 Class A shares
and 300,727,769 Class B shares with a quota value of SEK5 per share.
All shares are fully paid. An A-share entitles the holder to one vote and a
B-share to one-tenth of a vote. All shares entitle the holder to the same
proportion of assets and earnings, and carry equal rights in terms of divi-
dends.
Share capital
Quota value
Share capital, December 31, 2012
8,212,725 Class A shares, with a quota value of SEK5 41
300,707,583 Class B shares, with a quota value of SEK5 1,504
Total 1,545
Share capital, December 31, 2013
8,192,539 Class A shares, with a quota value of SEK5 41
300,727,769 Class B shares, with a quota value of SEK5 1,504
Total 1,545
Number of shares
Owned by
Electrolux
Owned by
other share-
holders Total
Shares, December 31, 2012
Class A shares –8,212,725 8,212,725
Class B shares 22,785,490 27 7, 922,0 93 3 0 0 ,707,5 83
Conversion of Class A shares into Class B shares
Class A shares ––20,186 –20,186
Class B shares –20,18 6 20,186
Sold shares
Class A shares –––
Class B shares –77,169 77,16 9 –
Shares, December 31, 2013
Class A shares –8,192,539 8,192,539
Class B shares 22,708,321 278,019,448 300,727,769
Other paid-in capital
Other paid-in capital relates to payments made by owners and includes
share premiums paid.
Other reserves
Other reserves include the following items: Available-for-sale instruments
which refer to the fair-value changes in Electrolux holdings in Videocon
Industries Ltd., India; cash-flow hedges which refer to changes in valua-
tion of currency contracts used for hedging future foreign currency trans-
actions; and exchange-rate differences on translation of foreign opera-
tions which refer to changes in exchange rates when net investments in
foreign subsidiaries are translated to SEK. The amount of exchange-rate
changes includes the value of hedging contracts for net investments.
Finally, other reserves include tax relating to the mentioned items.
Retained earnings
Retained earnings, including income for the period, include the income
of the Parent Company and its share of income in subsidiaries and asso-
ciated companies. Retained earnings also include remeasurement of
provision for post-employment benefits, reversal of the cost for share-
based payments recognized in income, income from sales of own shares
and the amount recognized for the common dividend.
Earnings per share
20121) 2013
Income for the period 2,362 672
Earnings per share
Basic, SEK 8.26 2.35
Diluted, SEK 8.24 2.34
Average number of shares, million
Basic 285.9 286.2
Diluted 286.6 287.3
1) Amounts for 2012 have been restated where applicable as a consequence of the
amended standard for pension accounting, IAS 19 Employee Benefit.
Basic earnings per share is calculated by dividing the income for the
period with the average number of shares. The average number of
shares is the weighted average number of shares outstanding during the
year, after repurchase of own shares. Diluted earnings per share is calcu-
lated by adjusting the weighted average number of ordinary shares out-
standing with the estimated number of shares from the share programs.
Share programs are included in the dilutive potential ordinary shares as
from the start of each program. The dilution from Electrolux incentive
programs is a consequence of the 2012 and 2013 performance share
program.
The average number of shares during the year has been
286,200,115 (285,908,726) and the average number of diluted shares
has been 287,317,610 (286,620,098).
Note 21 Untaxed reserves, Parent Company
December 31, 2012 Appropriations December 31, 2013
Accumulated depreciation in excess of plan
Brands 349 –28 321
Licenses 122 –122
Machinery and equipment 85 186
Buildings 2–1 1
Other 23 528
Total 581 –23 558
Group contributions –164
Total Appropriations –187
notes
128 ANNUAL REPORT 2013
All amounts in SEKm unless otherwise stated