Note 20


Other contributed capital

Refers to equity contributed by shareholders.

Reserves 1) 2020/2021 2019/2020
Foreign currency translation reserve
Opening translation reserve 179 123
Translation effect for the year -138 56
Closing currency translation reserve 41 179
Hedging reserve 2)
Opening hedging reserve 1 0
Revaluations recognised via other comprehensive income -5 9
Recognised in profit or loss upon disposal (other operating income/expenses) 1 -7
Taxes attributable to the year’s revaluations 1 -2
Taxes attributable to disposals 0 1
Closing hedging reserve -2 1
Total reserves 39 180
1) Refers to reserves attributable to equity holders of the Parent Company.
2) Relates to cash flow hedges, consisting of currency clauses in customer contacts.

Translation reserve

The translation reserve includes all exchange differences arising on the translation of the financial reports of foreign operations prepared in a currency other than the Group’s presentation currency for financial re-ports. The Parent Company and Group present their financial reports in Swedish kronor (SEK).

Hedging reserve
The hedging reserve includes the effective portion of the accumulated net change in fair value for a cash-flow hedging instrument attributable to hedge transactions that have not yet occurred.

Retained earnings, including profit for the year
Retained earnings including profit for the year include earnings in the Parent Company and its subsidiaries. Prior provisions to the legal reserve are included in this equity item.

Repurchased shares
Repurchased shares includes the cost of treasury shares held by the Parent Company. At the end of the reporting period, the Group’s holding of treasury shares was 3,519,272 (4,199,672).

After the reporting period, the Board of Directors proposed a dividend of SEK 1.20 per share. The dividend is subject to approval by the Annual General Meeting on 26 August 2021.

Proposed allocation of earnings 2020/2021
Retained earnings SEK 193 million
Profit for the year SEK 586 million
TOTAL SEK 779 million
The Board of Directors and the CEO propose that the funds available be allocated as follows:
That a dividend of SEK 1.20 per share be paid to shareholders* SEK 323 million
To be carried forward SEK 456 million
TOTAL SEK 779 million
* Calculated based on the number of shares outstanding at 31 May 2021. The total dividend payout may change if the number of repurchased treasury shares changes prior to the proposed dividend record date of 30 August 2021.



Restricted reserves
Restricted reserves are funds that cannot be paid out as dividends.

Statutory reserve
The purpose of the statutory reserve is to save a portion of net profit that will not be used to cover a loss carried forward.

Retained earnings
Retained earnings comprises the previous year’s unrestricted equity, less any dividend paid. Together with profit for the year and any fair value 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 Annual General Meeting in August 2020 resolved to implement a 4:1 share split. The number of shares at 31 March 2021 consisted of 12,885,744 Class A shares, entitling the holders to 10 votes per share, and 259,908,240 Class B shares, entitling the holders to one vote per share. The quotient value of the share is SEK 0.19. The Company has repurchased 3,519,272 Class B shares within the framework of the Com-pany’s ongoing repurchasing programme. After subtracting repurchased shares, the number of Class B shares is 256,388,968

Number of shares outstanding Class A shares Class B shares All share classes
At start of year 12,918,000 255,676,312 268,594,312
Exercised call options 680,400 680,400
Repurchase of treasury shares
Conversion of Class A shares to Class B shares -32,256 32,256
At year-end 12,885,744 256,388,968 269,274,712
Number of shares outstanding Class A shares Class B shares All share classes
At start of year 12,918,000 255,310,436 268,228,436
Exercised call options 965,876 965,876
Repurchase of treasury shares -600,000 -600,000
Conversion of Class A shares to Class B shares
At year-end 12,918,000 255,676,312 268,594,312