Annual Report 2003 - Modern Times Group MTG AB

financial statements
42
Consolidated changes in
shareholders’ equity
Share Retricted Non-restricted
SEK million capital reserves reserves Total
Opening balance as of January 1, 2001 331.9 1,392.6 729.4 2,453.9
Change of accounting principle -664.0 -664.0
Translation differences 37.7 37.7
Total changes charged directly to equity -626.3 -626.3
Transfer between restricted and non-restricted equity 8.3 -8.3 -
Net income for the year 2001 120.7 120.7
Closing balance as of December 31, 2001 331.9 1,400.9 215.5 1,948.3
Translation differences charged directly to equity 3.7 3.7
Transfer between restricted and non-restricted equity 101.5 -101.5 -
Net income for the year 2002 -66.6 -66.6
Closing balance as of December 31, 2002 331.9 1,502.4 51.1 1,885.4
Translation differences charged directly to equity -16.7 -13.0 -29.7
Transfer between restricted and non-restricted equity 60.7 -60.7 -
Net income for the year 2003 289.3 289.3
CLOSING BALANCE AS OF DECEMBER 31, 2003 331.9 1,546.4 266.7 2,145.0
Restricted reserves in the Group include SEK 135.6 million in a capital interest reserve, representing the positive difference between the
consolidated value and book value of each company's holding of shares in associated companies. Accumulated translation differences
since January 1, 1996 amounted to SEK -9.2 (23.9; 20.2) million at year end.