Notes for P&L

All amounts in SEKm unless otherwise stated

Note 23 Shareholder's equity


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Reserves   2020-12-31 2019-12-31
Translation reserve      
Opening translation reserve   31.9 11.4
Translation effect for the year   -81.4 20.5
Closing translation reserve   -49.5 31.9
       
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

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Number of shares outstanding 2019 Class A shares Class B shares All share classes
Opening balance 4,214,215 98,372,185 102,586,399
Rights issue 411,001 9,587,091 9,998,092
Redemption of warrants 252,800 252,800
Repurchase of treasury shares -600,000 -600,000
Closing balance 4,625,216 107,612,076 112,237,291

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 2020 consisted of 4,615,136 Class A shares, entitling the holders to 10 votes per share, and 109,883,156 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 2,010,845 Class B shares, within the Company's ongoing repurchase programme. After subtracting repurchased shares, the number of Class B shares is 107,872,311 net.

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