Annual Report 2009 - Husqvarna Group

Husqvarna Annual Report 2009 89
Proposed distribution of earnings
Thousands of SEK
Retained earnings 14,055,301
Net income for 2009 2,698,074
Total 16,753,375
The Board of Directors has proposed that the Annual General
Meeting 2010 resolves that the above sum be disposed of as
follows:
Thousands of SEK
A dividend to the shareholders
of SEK 1.00 per share 1 573,621
To be carried forward 16,179,754
Total 16,753,375
1) Calculated on the number of outstanding shares as per
23 February 2010.
The Board is of the opinion that the dividend proposed above
is justifiable on both the Company and the Group level with
regard to the demands on the Company and Group equity
imposed by the type, scope and risks of the business and with
regard to the Company’s and the Group’s financial strength,
liquidity and overall position. The Com pany’s equity would
have been SEK 68,712 thousand higher if the assets and liabilities
had not been valued at fair value in accordance with the
Swedish Annual Accounts Act (SFS 1995:1554), 4:14a.
The Board of Directors and the President and CEO declare
that the consolidated financial statements have been prepared
in accordance with IFRS as adopted by the EU, and give a true
and fair view of the Group’s financial position and results of
operations. The financial statements of the Parent Company
have been prepared in accordance with generally accepted
accounting principles in Sweden and give a true and fair view
of the Parent Company’s financial position and results of
operations.
The statutory Administration Report of the Group and the
Parent Company provides a fair review of the development of
the Group’s and the Parent Company’s operations, financial
position and results of operations and describes material risks
and uncertainties facing the Parent Company and the companies
included in the Group.
Stockholm, 23 February 2010
Lars Westerberg
Chairman of the Board
Peggy Bruzelius Robert F. Connolly Börje Ekholm Tom Johnstone Anders Moberg
Board member Board member Board member Board member Board member
Gun Nilsson Ulf Lundahl Magnus Yngen Malin Björnberg Annika Ögren
Board member Board member President and CEO Employee representative Employee representative
Board member
Board member
Our audit report was issued on 23 February 2010
PricewaterhouseCoopers AB
Anders Lundin
Authorized Public Accountant
Auditor in charge
Christine Rankin Johansson
Authorized Public Accountant