Annual report 2012 - Peab

NOTES
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Dividend
After the balance sheet day the Board of Directors and the CEO
proposed the following dividend; A cash dividend of SEK 1.60 (2.10)
per share totalling SEK 473,679,568 (621,704,433), calculated on the
number of registered shares. Total dividends are calculated on outstanding
shares at the time of distribution.
The dividend will be proposed for adoption by the AGM on 14 May
2013.
The parent company
Restricted reserves
Restricted reserves may not be reduced by the distribution of dividends.
Reserve fund
The purpose of the reserve fund is to retain a part of the net profit
which is not allocated to cover balanced losses. The reserve also
includes amounts transferred to the share premium reserve before
1 January 2006.
Unrestricted equity
Together with profit for the year the following funds make up unrestricted
equity, i.e. the amount available for dividends to the shareholders.
Premium reserve
When shares are issued at a premium, i.e. when more must be paid
for the shares than their nominal price, an amount equivalent to the
amount received in excess of the share’s nominal value is transferred
to the share premium reserve. The amount transferred to the share
premium reserve starting 1 January 2006 is included in unrestricted
capital.
Special reserves
Refers to allocations to reserves upon the reduction of share capital
for use as resolved by the AGM.
Reserve for fair value
The company uses the Annual Accounts Act rules for the valuation of
financial instruments at fair value according to chapter 4 paragraph
14a-e. A change in value is recognized in the reserve for fair value
when it refers to a hedging instrument and the principles applied for
hedge accounting allow for a portion or the entire change in value to
be recognized in equity. A change in value caused by an exchange
rate change on a monetary item which is part of the company’s net
investment in a foreign unit is recognized in equity.
Profit brought forward
Consists of the previous year’s profit brought forward after the distribution
of profits.
68 PEAB ANNUAL REPORT 2012
Note 31 Interest-bearing liabilities
Long-term liabilities
Group
MSEK 2012 2011
Bank loans 4,239 5,363
Convertible promissory notes – 592
Bonds 1,993 998
Financial leasing liabilities 403 446
Liabilities to joint ventures 9 –
Other long-term liabilities 128 –
Total 6,772 7,399
Current liabilities
Bank loans including overdraft facilities 1,143 722
Commercial paper 343 818
Current part of leasing liabilities 226 195
Liabilities to joint ventures 100 –
Other current liabilities 42 –
Total 1,854 1,735
Convertible promissory notes 2007/2012 1)
Group
MSEK 2012 2011
Nominal value after issue of 8,800,000 convertible
promissory notes – 598
Original amount classified as equity – –35
Capitalized interest – 28
Recorded liability on 31 December – 591
1) The convertible promissory notes ran from 1 December 2007, with settlement day in
January 2008, to 30 November 2012 with a coupon interest rate of 5.44 percent.
Convertible promissory notes Peab Industri 2007/2012 2)
Group
MSEK 2012 2011
Remaining part of the liability, 2007/2012 – 1
Recorded liability on 31 December – 1
2) Remaining part of Peab Industri’s personnel convertibles which had not been acquired
per 31 December 2011.
Financial leasing liabilities
Financial leasing liabilities fall due for payment as follows;
Group Minimum
leasing
charge Interest
Capital
Minimum
leasing
amount charge Interest
Capital
amount
MSEK 2012 2012 2012 2011 2011 2011
Within one year
Between one and
234 8 226 205 10 195
five years
Later than five
374 13 361 406 19 387
years 44 2 42 62 3 59
Total 652 23 629 673 32 641
Variable leasing fees were SEK 9 million (–4).
For futher information concerning Group financial leasing, see note 17.