STENA METALL AB - Stena Metall Group

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Proposed distribution of earnings Group According to the consolidated balance sheet as of August 31, 2005, the Group’s unrestricted earnings amounted to SEK 2,283.5 million, of which SEK 436.2 million was net income for the year. SEK thousands Retained earnings 688,992 Net loss for the year –32,386 656,606 Parent Company The Board of Directors and the President propose that the unappropriated earnings in the Parent Company at the disposal of the Annual General Meeting: be distributed as follows: To the shareholders, a dividend of SEK 538.46 per share 70,000 To the Sten A. Olsson Foundation for Research and Culture 5,000 To be carried forward 581,606 Göteborg, October 24, 2005 Dan Sten Olsson Sten A. Olsson Lennart Jeansson Chairman Stefan Lindskog Peter Jarl Jan Carlstein Svante Carlsson Sten Jakobsson Anders Jansson President and CEO Christer Lindqvist Employee representative Stig-Göran Svensson Employee representative Our auditors’ report was submitted on October 24, 2005 Thord Elmersson Authorized Public Accountant Ulf Andrésen Authorized Public Accountant 82
Auditors’ report To the Annual General Meeting of Stena Metall AB Registration number 556138-8371 We have audited the annual accounts, the consolidated accounts, the accounting records and the administration of Stena Metall AB by the Board of Directors and the President for the fiscal year September 1, 2004 - August 31, 2005. These accounts and the administration of the company and the application of the Annual Accounts Act when preparing the annual accounts and the consolidated accounts are the responsibility of the Board of Directors and the President. Our responsibility is to express an opinion of the annual accounts, the consolidated accounts and the administration based on our audit. We conducted our audit in accordance with generally accepted auditing standards in Sweden. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual accounts and the consolidated accounts are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the accounts. An audit also includes assessing the accounting principles and their application by the Board of Directors and the President and significant estimates made by the Board of Directors and the President when preparing the annual accounts and the consolidated accounts as well as evaluating the overall presentation of information in the annual accounts and the consolidated accounts. As a basis for our opinion concerning discharge from liability, we have examined significant decisions, actions taken and the circumstances of the company in order to determine the liability, if any, to the company of any Board member or the President. We have also examined whether any Board member or the President has in any other way acted in contravention of the Swedish Companies Act, the Annual Accounts Act or the articles of association. We believe that our audit provides a reasonable basis for our opinion set out below. The annual accounts and the consolidated accounts have been prepared in accordance with the Annual Accounts Act and thereby provide a true and fair view of the company’s and the Group’s results and financial position in accordance with generally accepted auditing standards in Sweden. The statutory Directors’ Report is consistent with the other parts of the annual accounts and the consolidated accounts. We recommend that the Annual General Meeting adopt the income statements and the balance sheets of the Parent Company and the Group, deal with the profit of the Parent Company in accordance with the proposal in the Directors’ Report, and discharge the members of the Board of Directors and the President from liability for the fiscal year. Göteborg, October 24, 2005 Thord Elmersson Authorized Public Accountant Ulf Andrésen Authorized Public Accountant 83
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STENA METALL AB Annual Report 2004/
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Chief Executive Officer’s comment
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Chief Executive Officer’s comment
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Stena Metall Group Operations in 23
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Advances in recycling More recyclin
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Examples of recycling Recycling pro
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Competence development We are const
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Research and development Efforts to
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Recycling 16
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Recycling | Sweden Ferrous and Non-
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Recycling | Sweden ees in sorting t
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Recycling | Sweden drain cleaning a
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Recycling | Sweden Smelt aluminium
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Recycling | Denmark Recycling | Den
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Page 42 and 43: Recycling | Finland WEEE New legisl
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Page 46 and 47: Recycling | Poland WEEE In autumn 2
Page 48 and 49: Trading 46
Page 50 and 51: Steel 48
Page 52 and 53: Olja | Stena Oil Oil 50
Page 54 and 55: Finance | Stena Metall Finans Stena
Page 57 and 58: Financial review Directors’ repor
Page 59 and 60: Financial review | The Group Income
Page 61 and 62: Financial review | The Group August
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Page 65 and 66: Financial review | The Group Invent
Page 67 and 68: Financial review | The Group 2 Fees
Page 69 and 70: Financial review | The Group 12 Oth
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Page 77 and 78: Financial Review | Parent Company B
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Page 81 and 82: Financial review | Parent Company 1
Page 83: Financial review | Parent Company S
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