CORRAL PETROLEUM HOLDINGS AB (PUBL) - Preem

NOTE 25. EQUITYShare capitalThe company’s share capital totals SEK 500,000. The number of shares is 5,000, all of which are class A shares.The shares are paid in full and the number of shares is the same at both the beginning and end of the year. The quotavalue is SEK 100/share.Other paid-in capitalOther paid-in capital consists of equity paid in by the shareholder or the ultimate owner of the company.Retained earningsDividendRetained earnings include the cumulative profit (loss) from the Group’s operations.No dividend was paid for either 2010 or 2009. The Group’s loan conditions prevent the payment of dividends toshareholders.NOTE 26. PENSION OBLIGATIONSDefined benefit obligations and the value of plan assets2010 2009Wholly or partly funded obligations:Current value of defined benefit obligations................................................................... 707 687Fair value of plan assets.................................................................................................. (736) (721)Net wholly or partly funded obligations ......................................................................... (29) (34)Unfunded obligations:Current value of unfunded defined benefit obligations................................................... 121 124Net obligations, total, before adjustments....................................................................... 92 91Adjustments:Accumulated unrecorded actuarial losses....................................................................... (30) (20)Net amount in balance sheet (obligation +, asset −) ....................................................... 62 71The net amount is recorded in the following items in the balance sheet:Provisions for pensions................................................................................................... 62 71The net amount is divided among the following countries:Sweden............................................................................................................................ 62 71Pension expenseThe amounts recorded in the consolidated comprehensive income statement are as follows:2010 2009Defined benefit plansInterest expense............................................................................................................... 31 31Expected return on plan assets........................................................................................ (30) (43)Total cost of defined benefit plans .................................................................................. 1 (12)The change in the defined benefit obligation during the year is as follows:2010 2009Opening gross amount in balance sheet .......................................................................... 812 832Payment of benefits......................................................................................................... (33) (32)Interest expense............................................................................................................... 31 31Actuarial gain (-) or loss (+) for the year on the obligation ............................................ 18 (20)Closing net amount in balance sheet............................................................................... 828 812F-34