N O TE 29 Shareholders ’ equit y Number of shares outs t andin g December 31, 2012 M SEK Series A 17 142 600 each share with a quot a v alue of SEK 1.00 17.1 Series B 347 916 297 each share with a quot a v alue of SEK 1.00 348.0 T ot al 365 058 897 365.1 The number of Series A and Series B shares is unchan g ed in relation to December 31, 2011 and 2010. As of December 31, 2012 there w ere no outs t andin g con v ertible debenture loans that could result in an y dilution of the share capit al. Each Series A share carried ten v otes and each Series B share one v ote . This is the only diference bet w een the t w o series of shares. Shareholder s with more than 10 percent of the v otes The principal shareholder s are Gus t af Doug las, who throug h family and the companies within the In v es tment AB L atour Group and f or v altnin g s AB W asa tornet holds 11.5 percent of the capit al and 30.0 percent of the v otes, and M elk er Schorlin g, who throug h family and M elk er Schorlin g AB holds 5.6 percent of the capit al and 11.8 percent of the v otes. Dividend The Boar d of Director s propose a dividend to the shareholder s of the Parent Compan y of SEK 3.00 per share , or a tot al of M S E K 1 0 9 5 . 2 . T h e d i v i d e n d to the shareholder s for the fnancial y ear 2011, which w as paid in 2012, w as SEK 3.00 per share , or a tot al of M SEK 1 095.2. T h e d i v i d e n d t o t h e s h a r e - holder s for the fnancial y ear 2010, which w as paid in 2011, w as SEK 3.00 per share , or a tot al of M SEK 1 095.2. Present ation of shareholder s ’ equit y Accor din g to IAS 1 a compan y should as a minimum present issued capit al and other reser v es in the balance sheet . Securit as has chosen to specif y shareholder s ’ equit y into further components as per belo w : · Share capit al · Other capit al contributed · Other reser v es · R et ained earnin g s Share capit al sho ws the re g is tered share capit al of the Parent Compan y . There w ere no chan g es in the share capit al in 2012. In other capit al contributed, the tot al amount of all tr ansactions Securit as AB has had with its shareholder s is included. T r ansactions that ha v e t ak en place with shareholder s are issued capit al to premium. The amount pre - sented in this sub-component corresponds to capit al receiv ed (reduced b y commission cos ts) in e x cess of par v alue of issued capit al. There w ere no chan g es in other capit al contributed in 2012. Other reser v es sho w income and e xpense items that accor din g to cert ain s t andar ds should be recogniz ed in other comprehensiv e income . In the case of Securit as, other reser v es consis t of tr anslation diferences at tribut - able to the tr anslation of foreign subsidiaries accor din g to IAS 21, and of the hed g in g reser v e of cash fo w hed g es. The amount in the hed g in g reser v e will be tr ansferred to the s t atement of income o v er the follo win g y ear . R et ained earnin g s corresponds to the accumulated profts earned and losses incurred in tot al for the Group . R et ained earnin g s also include efects of the Group ’ s share-based incentiv e scheme as w ell as actuarial gains and losses on pos t -emplo yment benefts and efects of minimum fundin g requirement pos ted in other comprehensiv e income . R et ained earnin g s are further reduced b y dividend paid to shareholder s of the Parent Compan y . T r ansactions with non-controllin g interes ts are also recor ded in ret ained earnin g s. Share-based incentiv e scheme Share-based remuner ation for the Group ’ s participants in the share-based incentiv e scheme 2012 is accounted for as an increase of ret ained earnin g s of M SEK 56.1 (53.7 and 70.3). A s w ap a greement , hed g in g the share portion of the Group ’ s share-based incentiv e scheme 2011, is accounted for as a reduction of ret ained earnin g s of M SEK -52.1. The number of shares that ha v e been hed g ed in this s w ap a greement amount to a tot al of 809 768 and ha v e been allot ted to the participants durin g the fr s t quarter 2013, pro vided that the y are s till emplo y ed b y the Group . N O TE 30 L ong -t erm liabilitie s e x cluding pro visions 1 1 M SEK 2012 2011 2010 EM TN Nom ME UR 350, 2012 / 2017 , Annual 2.75% 2 3 011.5 – – EM TN Nom ME UR 300, 2012 / 2018, Annual 2.25% 2 2 612.8 – – EM TN Nom M SEK 600, 2012 / 2015, FRN Quarterly 2 599.6 – – EM TN Nom M SEK 400, 2012 / 2015, Annual 3.45% 2 405.9 – – EM TN Nom ME UR 45, 2009 / 2014, FRN Quarterly 2 386.4 401.5 405.7 EM TN Nom ME UR 500, 2009 / 2013, Annual 6.50% f ix ed 2 – 4 484.8 4 531.8 EM TN Nom M SEK 500, 2010 / 2014, FRN Quarterly 2 499.2 498.7 498.2 EM TN Nom M SEK 500, 2010 / 2014, f RN Semi Annual 2 499.6 499.3 499.0 EM TN Nom M SEK 1 000, 2011 / 2013, FRN Quarterly 2 – 999.8 – EM TN Nom M U SD 62, 2010 / 2015, f RN Semi Annual 2 404.0 427.3 422.0 EM TN Nom M U SD 40, 2010 / 2015, f RN Semi Annual 2 260.6 275.7 272.2 EM TN Nom M U SD 50, 2011 / 2018, FRN Quarterly 2 325.5 344.6 – f inance leases 35.7 38.8 34.7 Other lon g -term loans 3 55.7 589.8 522.8 T ot al lon g -term loan liabilities e x cludin g deriv ativ es 9 096.5 8 560.3 7 186.4 Cash fo w hed g es 4 Deriv ativ es with ne gativ e fair v alue , lon g -term 3.4 16.5 16.2 T ot al deriv ativ es 3.4 16.5 16.2 T ot al lon g -term loan liabilities 9 099.9 8 576.8 7 202.6 Pensions balances, defned contribution plans 5 82.6 74.3 72.1 Deferred consider ations 319.5 439.4 199.8 Other lon g -term liabilities 7.2 18.4 10.4 T ot al other lon g -term liabilities 409.3 532.1 282.3 T ot al lon g -term liabilities 9 509.2 9 108.9 7 484.9 1 F or further information re gar din g fnancial ins truments, refer to note 6. 2 Issued b y the Parent Compan y . 3 Other lon g -term loans for 2011 and 2010 include dr a win g s under the 2016 and 2012 Multi Currenc y R e v olvin g Credit F acilit y respectiv ely . 4 R elated to deriv ativ es designated for hed g in g. 5 R efer s to liabilit y for insured pension plan e x cludin g social cos ts. L ONG - TER m LIABILITIE S f ALL D u E f OR P A y m ENT AS f OLL O W S : M SEK 2012 2011 2010 M aturit y < 5 y ear s 6   360.9 8 921.4 7 397.4 M aturit y > 5 y ear s 3  148.3 187.5 87.5 T ot al lon g -term liabilities 9  509.2 9 108.9 7 484.9 112 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012