Allocation of earnings proposed by the Board of Directors and CEO

Allocation of earnings, Parent Company, (SEK)

The Board of Directors proposes to the 2011 Annual General Meeting that a resolution be adopted regarding allocation of earnings entailing that a dividend of SEK 3.50 per share, equal in total to SEK 164,496,612, be paid to shareholders registered on the record date, May 10, 2011, and that the remaining unrestricted shareholders’ equity be carried forward. 

Provided that the 2011 annual general meeting resolves in accordance with the Board’s dividend proposal, SEK 1,830 m will be carried forward. After the proposed dividend, there will be full coverage for the Parent Company’s restricted equity. The Group’s shareholders’ equity amounts to SEK 1,991 m.

As a basis for its dividend proposal, pursuant to Chapter 18, section 4 of the Swedish Companies Act (2005:551) the Board has made the assessment that the proposed dividend is defendable in light of the demands imposed by the business as regards the size of the shareholders’ equity in the Parent Company and the Group, as well as the needs of the Parent Company and the Group to strengthen the balance sheet, and as regards liquidity and financial position in general. The Board also believes that the dividend provides scope for the Group to perform its obligations and carry out planned investments. Based on Duni’s income after tax, the proposed dividend is well in line with the Group’s dividend policy.

Even after the dividend, the equity ratio of the Parent Company and the Group is believed to be strong relative to the industry in which the Group operates. The proposed dividend will not affect the ability of the Parent Company and the Group to discharge their payment obligations. The Parent Company and the Group have ample access to both short-term and long-term credit facilities. Credit facilities may be used on short notice, and thus the Board considers that the Parent Company and the Group are well prepared to manage changes in liquidity and any contingencies. The Board believes that the Parent Company and the Group possess the conditions to take future commercial risks and also carry any losses.

• The Group
• The Parent Company
• Ownership and share
• Proposed allocation of earnings
• The Board’s assurance and signatures