| Reserves | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|
| Translation reserve | |||
| Opening translation reserve | 477 | 22 | |
| Translation effect for the year | -42 | 455 | |
| Closing translation reserve | 435 | 477 | |
| Number of shares outstanding 2023 | Class A shares | Class B shares | All share classes |
| Opening balance | 4,615,136 | 117,221,125 | 121,836,261 |
| Redemption of warrants | – | 20,800 | 20,800 |
| Closing balance | 4,615,136 | 117,241,925 | 121,857,061 |
| Number of shares outstanding 2021 | Class A shares | Class B shares | All share classes |
|---|---|---|---|
| Opening balance | 4,615,136 | 117,337,625 | 121,952,761 |
| Redemption of warrants | – | 243,500 | 243,500 |
| Disposal of treasury shares | – | -360,000 | -360,000 |
| Closing balance | 4,615,136 | 117,221,125 | 121,836,261 |
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.
The number of shares at 31 December 2023 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 593,189 Class B shares, within the Company's ongoing repurchase programme. After subtracting repurchased shares, the number of Class B shares is 117,241,925 net.