Note 23 Shareholder's equity

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Reserves   2021-12-31 2020-12-31
Translation reserve      
Opening translation reserve   -49.5 31.9
Translation effect for the year   71.6 -81.4
Closing translation reserve   22.1 -49.5
Number of shares outstanding 2021 Class A shares Class B shares All share classes
Opening balance 4,615,136 107,872,311 112,487,447
Rights issue 7,951,958 7,951,958
Redemption of warrants 13,356 13,356
Disposal of treasury shares 1,500,000 1,500,000
Closing balance 4,615,136 117,337,625 121,952,761

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Number of shares outstanding 2020 Class A shares Class B shares All share classes
Opening balance 4,625,216 107,612,076 112,237,292
Conversion of shares -10,080 10,080
Redemption of warrants 666,947 666,947
Repurchase of treasury shares -500,000 -500,000
Disposal of treasury shares 83,208 83,208
Closing balance 4,615,136 107,872,311 112,487,447

Accounting principle

Shareholder’s equity

Repurchasing treasury shares occurs, and the Board normally proposes obtaining a mandate to repurchase treasury shares, which involves acquiring an amount of shares such that AddLife’s own holding at no time exceeds ten percent of all shares in the company. The purpose of the repurchase is to provide the Board with increased scope for action in its work with the Company's capital structure, to enable the use of repurchased shares as payment in acquisitions, and to secure the Company's commitments in existing incentive programmes. When treasury shares are repurchased, the entire consideration reduces retained earnings. Proceeds from the disposal of equity instruments are recognised as an increase in retained earnings, as are any transaction costs.  


Translation reserve

The translation reserve includes all exchange differences that arise in translating financial statements of foreign operations prepared in a currency other than the Group's presentation currency for financial reports. 

Parent company

Restricted reserves

Restricted reserves are funds that cannot be paid out as dividends. Share premium reserve A share premium reserve arises in connection with a rights issue that is subscribed at a premium and is included in unrestricted equity. 

Retained earnings

Retained earnings comprises the previous year's unrestricted equity, less any provision to the statutory reserve and less any dividend paid. Together with profit for the year and the share premium reserve, retained earnings constitute the sum of unrestricted equity, that is, the amount available to be paid as dividends to shareholders.

Number of shares 

The number of shares at 31 December 2021 consisted of 4,615,136 Class A shares, entitling the holders to 10 votes per share, and 117,835,114 Class B shares, entitling the holders to one vote per share. The quotient value of the share is SEK 0.51. The Company has repurchased 497,489 Class B shares, within the Company's ongoing repurchase programme. After subtracting repurchased shares, the number of Class B shares is 117,337,625 net.