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Note 39 – Appropriation of profits

According to the Parent Company's balance sheet, the following unappropriated earnings are at the disposal of the Annual General Meeting:

SEK 
Share premium1,882,891,946
Reserves2,389,541
Retained earnings1,366,480,047
Net profit for the year255,032,807
Total 1)3,506,794,341

1) Unrealised changes in assets and liabilities at fair value have had a net impact on equity of SEK 209m in accordance with Chapter 4, section 14 of the Swedish Annual Accounts Act.

The Board of Directors proposes that unappropriated earnings be distributed as follows:

SEK 
To be carried forward3,506,794,341

The Board of Directors propose the Annual Shareholders meeting 2021 that no dividend will be paid to the shareholders for the financial year 1 January - 31 December 2020. The Board of Directors considers that this deviation from the established dividend policy will contribute to strengthen the company's CET1 ratio and support further growth in 2021.

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- Annual Report 2020 -
- Årsredovisning 2020 -