Securitas AB Annual Report 2005

NOTE 28 CHANGES IN SHAREHOLDERS’ EQUITY
MSEK Share capital Legal reserve
Shareholders’ equity attributable to equity holders of the Parent Company
Premium
reserve
Hedging
reserve
Translation
reserve
Retained
earnings Total
Minority
Interest Total
Opening balance 2004 according to IFRS 365.1 695.2 6,667.4 – – 2,966.8 10,694.5 15.6 10,710.1
Net investment hedges – – – – 163.8 – 163.8 – 163.8
Translations differences
Net income/expenses recognized
– – – – –829.7 – –829.7 0.3 –829.4
directly in equity – – – – –665.9 – –665.9 0.3 –665.6
Net income for the year
Total change excluding transactions
– – – – – 2,527.8 2,527.8 0.7 2,528.5
with equity holders – – – – –665.9 2,527.8 1,861.9 1.0 1,862.9
Dividend paid to shareholders of the Parent Company – – – – – –730.1 –730.1 – –730.1
Opening balance 2005 365.1 695.2 6,667.4 – –665.9 4,764.5 11,826.3 16.6 11,842.9
Effect of change in accounting principle IAS 39
Opening balance 2005 adjusted in accordance
– – – – – –2.7 –2.7 – –2.7
with new princple 365.1 695.2 6,667.4 – –665.9 4,761.8 11,823.6 16.6 11,840.2
Transfer of opening balance Premium reserve – 6,667.4 –6,667.4 – – – – – –
Cash fl ow hedges net of tax – – – 15.6 – – 15.6 – 15.6
Tax relating to cash fl ow hedges – – – –4.4 – – –4.4 – –4.4
Net investments hedges – – – – –544.6 – –544.6 – –544.6
Translations differences
Net income/expenses recognized
– – – – 1,939.2 – 1,939.2 1.3 1,940.5
directly in equity – – – 11.2 1,394.6 – 1,405.8 1.3 1,407.1
Net income for the year
Total change excluding transactions with
– – – – – 2,711.1 2,711.1 1.5 2,712.6
equity holders – 6,667.4 –6,667.4 11.2 1,394.6 2,711.1 4,116.9 2.8 4,119.7
Acquistion of minority interests – – – – – – – –17.9 –17.9
Dividend paid to shareholders of the Parent Company – – – – – –1,095.2 –1,095.2 – –1,095.2
Closing balance 2005 365.1 7,362.6 – 11.2 728.7 6,377.7 14,845.3 1.5 14,846.8
Number of shares outstanding December 31, 2005 MSEK
Series A 17,142,600 each with a par value of SEK 1.00 17.1
Series B 347,916,297 each with a par value of SEK 1.00 348.0
Total 365,058,897 365.1
The number of shares, Series A and Series B, is unchanged in relation to December 31, 2004.
The maximum number of shares after full dilution by conversion of convertible debenture loan is
17,142,600 Series A shares and 357,872,800 Series B shares, in total 375,015,400 shares.
Dividend
The Board of Directors and the President propose a dividend to the shareholders
of the Parent Company of SEK 3.50 per share, or a total of MSEK 1,277.7.
The dividend to the shareholders for the previous year, 2004, which was paid to
the shareholders in 2005, was SEK 3.00 per share, or a total of MSEK 1,095.2.
The dividend for the year 2003, which was paid to the shareholders in 2004,
was SEK 2.00 per share, or a total of MSEK 730.1.
Cash fl ow hedges
There were no derivatives that met the requirements for hedge accounting for
cash fl ow hedges when the Group adopted IAS 39 on January 1, 2005.
Presentation of Shareholders’ Equity
The presentation of shareholders’ equity in the balance sheet was changed in
connection with the adoptions of IFRS.
According to previous accounting principles, Swedish GAAP, the shareholders’
equity was divided into restricted equity and non-restricted equity in accordance
with the Swedish Annual Accounts Act.
Shareholders’ equity should according to IAS 1 be divided into subcomponents.
According to IAS 1 a company should as a minimum present
issued share capital and other reserves in the balance sheet. Securitas AB has
chosen to specify shareholders’ equity, which has been stated as opening balance
and closing balance for 2004, according to IFRS in further sub-components
according to the table below;
Share capital
Other capital contributed
Other reserves
Retained earnings
Notes and comments to the consolidated fi nancial statements
The share capital shows the registred share capital of the Parent Company. There
were no changes in the share capital in 2005.
In other capital contributed shows, the total amount of all transactions Securitas AB
has had with its shareholders are included. Transactions that have taken place with
shareholders are issued capital to premium.
The amount presented in this sub-component corresponds to capital received
(reduced by commission costs) in excess of par value of issued capital. Other
capital contributed amounts to MSEK 7,362.6 as of January 31, 2005 (7,362.6).
Other reserves shows certain income and expense items that according to
certain standards should be recognized directly in equity. In the case of Securitas,
the item consists of translation differences attributable to the translation of foreign
subsidiaries according to IAS 21, and of the hedging reserve of cash fl ow hedges.
Retained earnings corresponds to the accumulated profi ts earned and losses
incurred in total for the Group.
SECURITAS 2005 97