Annual report 2011 - Trelleborg

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98 PARENT COMPANY NOTES Note 53 Shareholders’ equity Restricted equity Non-restricted equity sek m 2011 2010 2011 2010 2011 2010 Opening balance, January 1 3,750 3,750 8,859 7,255 12,609 11,005 Changes for the year: Dividend –474 –136 –474 –136 Fair value, gains –4 – –4 Tax on fair value, gains 1 – 1 Net profit for the year 1,342 1,743 1,342 1,743 Closing balance, December 31 3,750 3,750 9,727 8,859 13,477 12,609 Trelleborg AB’s share capital at December 31, 2011 amounted to SEK 2,620,360,569, represented by 271,071,783 shares with a par value of SEK 9.67 each. Class of shares No of shares % of total No of votes % of total Series A 28,500,000 10.51 285,000,000 54.02 Series B 242,571,783 89.49 242,571,783 45.98 Total 271,071,783 100.00 527,571,783 100.00 See also Note 26. Note 54 Provisions for pensions and similar sek m 2011 2010 Provisions for other pensions 7 2 Total 7 2 Pensions and similar costs amounted to SEK 22 M (20). Note 55 Other provisions sek m 2011 2010 Provisions for long-term incentive program 8 8 Other provisions 1 – Total 9 8 For further information, refer to Note 3. Note 56 Interest-bearing liabilities Interest-bearing non-current liabilities sek m 2011 2010 Other interest-bearing liabilities to Group companies 29 52 Total non-current interest-bearing liabilities 29 52 Interest-bearing current liabilities sek m 2011 2010 Other interest-bearing liabilities, Group companies 21,789 22,768 Total interest-bearing current liabilities 21,789 22,768 Total interest-bearing liabilities 21,818 22,820 Liabilities are recognized at amounts corresponding to fair value. Annual Report 2011 Trelleborg AB Total Note 57 Other current liabilities sek m 2011 2010 Accounts payable 24 29 Operating liabilities, Group companies 15 2 Other non-interest-bearing liabilities 6 4 Accrued expenses and prepaid income (Note 58) 53 54 Total 98 89 Liabilities are recognized at amounts corresponding to fair value. Note 58 Accrued expenses and prepaid income sek m 2011 2010 Wages and salaries 34 32 Payroll overheads 10 10 Other 9 12 Total 53 54 Note 59 Contingent liabilities and pledged assets sek m Contingent liabilities 2011 2010 Pension obligations 2 1 Guarantees and other contingent liabilities 8,632 8,395 Total 8,634 8,396 Of which, on behalf of Trelleborg Treasury AB 7,917 7,690 Of which, on behalf of other subsidiaries 713 703 Pledged assets – – The Parent Company has issued guarantees for the subsidiary Trelleborg Treasury AB’s operation. Of the obligations under these guarantees, direct loans accounted for SEK 7,409 M (7,197), the fair value of derivative instruments for SEK 286 M (267) and other contingent liabilities on the closing date for SEK 222 M (226).
Proposed treatment of unappropriated earnings The Board of Directors and the President propose that the profit brought forward from the preceding year, sek 000s 8,384,768 and net profit for the year, sek 000s 1,341,927 Total, sek 000s 9,726,695 be distributed in the following manner: Dividend to shareholders of sek 2.50 per share, sek 000s 677,679 balance to be carried forward, sek 000s 9,049,016 Total, sek 000s 9,726,695 The proposed record date for the right to a dividend is April 24, 2012. The members of the Board are of the opinion that the proposed dividend is justifiable considering the demands on the Group’s equity imposed by the type, scope and risks of the business and with regard to the Group’s consolidation requirements, liquidity and overall position. The Board of Directors and President affirm that the consolidated accounts have been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the EU, and provide a true and fair view of the Group’s profit and financial position. The Annual Report has been prepared in accordance with the generally accepted accounting policies and provides a true and fair view of the Parent Company’s profit and financial position. The statutory Board of Directors’ Report for the Group and the Parent Company provides a true and fair overview of the development of the Group’s and Parent Company’s operations, profit and financial position and describes significant risks and uncertainty factors faced by the Parent Company and the companies included in the Group. Trelleborg, February 27, 2012 Anders Narvinger Hans Biörck Claes Lindqvist Chairman Sören Mellstig Bo Risberg Nina Udnes Tronstad Heléne Vibbleus Bergquist Peter Larsson Karin Linsjö Mikael Nilsson Birgitta Håkansson Peter Nilsson President Audit report submitted February 27, 2012 PricewaterhouseCoopers AB Mikael Eriksson Eric Salander Authorized Public Accountant Authorized Public Accountant Auditor in charge PROPOSED TREATMENT OF UNAPPROPRIATED EARNINGS Annual Report 2011 Trelleborg AB 99
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ANNUAL REPORT WE SEAL, DAMP AND PRO
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TRELLEBORG IN BRIEF GLOBAL LEADER I
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sek 29,106 m Demand was significant
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Trelleborg will be able to allocate
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FURTHER DEVELOPMENT OF ANTIVIBRATIO
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Continuing operations Net sales and
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KEY FIGURES Market position, no. 1-
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KEY FIGURES 2011 2010 Net sales, se
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KEY FIGURES Net sales and ROS* 2011
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KEY FIGURES 2011 2010 Net sales, se
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About the material’s properties N
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WE ARE GROWING IN PACE WITH GLOBALI
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INCREASED GLOBAL PRESENCE +11% Nort
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OUR FINANCIAL TARGETS Trelleborg sh
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EXCELLENCE - CONTINUOUS IMPROVEMENT
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Turcon® M12 is the name of a new p
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Moreover, because selected parts of
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The elevated risk level has been de
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Financial risks, cont. Maturity ter
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CORPORATE GOVERNANCE Trelleborg is
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Independence of the Board The Board
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Name Nina Udnes Tronstad Heléne Vi
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Name Maurizio Vischi Sören Anderss
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President and Group Management The
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Control staff function works in acc
Page 51 and 52: As part of the infrastructure proje
Page 53 and 54: TARGET INDICATORS OUTCOME AND PROGR
Page 55 and 56: GOVERNANCE AND CODE OF CONDUCT Gove
Page 57 and 58: ACTIVE STAKEHOLDER DIALOG Trellebor
Page 59 and 60: in the voluntary reporting process
Page 61 and 62: workplaces globally. Trelleborg’s
Page 63 and 64: RESPONSIBILITY FOR SOCIETY AND THE
Page 65 and 66: ASSURANCE REPORT Auditor’s Report
Page 67 and 68: Our finances ......................
Page 69 and 70: CONSOLIDATED INCOME STATEMENTS sek
Page 71 and 72: Operating profit In addition to dis
Page 73 and 74: Income statement per quarter Contin
Page 75 and 76: CONSOLIDATED BALANCE SHEETS Decembe
Page 77 and 78: COMMENTS ON THE CONSOLIDATED CASH-F
Page 79 and 80: Note 1 General information The Pare
Page 81 and 82: Dividend income Dividend income is
Page 83 and 84: loss. If the loan, and consequently
Page 85 and 86: Assets and liabilities by business
Page 87 and 88: Note 4 Auditor’s remuneration sek
Page 89 and 90: Note 15 Intangible assets Buildings
Page 91 and 92: Note 18 Deferred tax assets/tax lia
Page 93 and 94: Note 26 Equity Specification of oth
Page 95 and 96: At December 31, 2010 Assets at fair
Page 97 and 98: Note 36 Events after the closing da
Page 99 and 100: PARENT COMPANY, TRELLEBORG AB Chang
Page 101: Note 45 Property, plant and equipme
Page 105 and 106: TEN-YEAR OVERVIEW Trelleborg Group
Page 107 and 108: Swedish and foreign ownership, base
Page 109 and 110: Spain Production: Burgos, Cascante,
Page 111 and 112: FINANCIAL DEFINITIONS AND GLOSSARY
Page 113 and 114: ADRESSES Head offices Trelleborg AB
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Annual report 2011 - Trelleborg

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