These guidelines shall apply to individuals who are included in the Group m ana g ement durin g the term of application of these guidelines The guidelines shall apply to a greements entered into after the adoption b y the Annual G ener al M eetin g and to chan g es made in e xis tin g a greements after this date The Boar d shall be entitled to de viate from the guidelines in individual cases if there are particular grounds for such de viation Proposed allocation of earnin g s The s t atements of income and the balance sheets of the Parent Compan y and the Group are subject to adoption b y the Annual G ener al M eetin g on M a y 7 2013 R et ained earnin g s in the Parent Compan y a v ailable for dis tribu tion SEK h ed g in g reser v e 5 075 175 T r anslation reser v e 464 713 628 R et ained earnin g s 13 916 363 682 Net income for the y ear 3 441 713 244 T ot al 17 817 715 379 The Boar d of Director s propose that the earnin g s are allocated as follo ws SEK a dividend to the shareholder s of SEK 300 per share 1 095 176 691 ret ained earnin g s to be carried for w ar d 16 722 538 688 T ot al 17 817 715 379 The Boar d s s t atement on the proposed dividend With reference to the Boar d s dividend proposal the Boar d of Director s hereb y mak es the follo win g s t atement pur suant to Chapter 18 section 4 of the S w edish Companies Act The Compan y s unappropriated earnin g s as per December 31 2012 amount to SEK 14 376 002 135 The net income for the y ear amounts to SEK 3 441 713 244 of which SEK 174 042 is the result of fnancial ins truments bein g v alued pur suant to Chapter 4 section 14 a of the S w edish Annual Accounts Act The Compan y s equit y w ould not ha v e been impacted as per December 31 2012 if fnancial ins truments ha vin g been v alued at actual v alue pur suant to Chapter 4 section 14 a of the S w edish Annual Accounts Act had ins tead been v alued at the lo w er of cos t or mark et as there is no diference as of this date U nappropriated earnin g s of SEK 17 817 715 379 are there fore at the Annual G ener al m eetin g s disposal Pro vided that the 2013 Annual G ener al m eetin g resolv es to allocate the earnin g s in accor dance with the Boar d s proposal SEK 16 722 538 688 will be carried for w ar d After dis tribution of the proposed dividend there will be full co v er a g e for the Compan y s res tricted equit y The Boar d has considered the Compan y s and the Group s consolidation requirements and liquidit y throug h a comprehensiv e assessment of the fnancial position of the Compan y and the Group as w ell as the possibilities of the Compan y and the Group to dischar g e at sig ht its obligations The proposed dividend does not jeopar diz e the Compan y s abilit y to mak e the in v es tments that ha v e been deemed necessar y The Compan y s fnancial posi tion does not g iv e rise to an y other assessment than that the Compan y can continue its oper ations and that the Compan y is e xpected to comply with its obligations in a short as w ell as lon g term per spectiv e In addition to the assessment of the Compan y s consolidation requirements and liquidit y the Boar d has also t ak en into consider ation all other kno wn circums t ances that ma y impact the Compan y s fnancial position With reference to the abo v e the Boar d mak es the assessment that the dividend is jus tifable considerin g the requirements that the nature scope and risks of the oper ations pose on the siz e of the Compan y s and the Group s equit y as w ell as the Compan y s and the Group s consolidation requirements liquidit y and position in g ener al As re gar ds the Compan y s and the Group s result and position in g ener al refer to the s t atements of income s t atements of com prehensiv e income balance sheets and s t atements of cash fo w as w ell as comments and notes Proposal on recor d date for dividend As recor d date for dividend the Boar d proposes M a y 13 2013 If the Annual G ener al M eetin g so resolv es the dividend is e xpected to be dis tributed b y Euroclear S w eden AB s t artin g M a y 16 2013 67 Securit as Annual R eport 2012 Annual R eport R eport of the Boar d of Director s