New Wave Group AB Annual_report_2018_EN_HQ | Page 101

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 26 - Accrued expenses and
prepaid income
SEK million
Salaries and payroll fees
Commission
Marketing costs
Royalties
Delivery of goods
Audit fees
Electricity and rental costs
Interest
Consultancy fees
Claims
Prepaid income
Other items
Total
Note 29 - Classification
of equity
2018
140.3
57.9
23.4
10.5
50.0
4.8
6.5
1.0
3.0
1.3
1.6
15.1
315.4
2017
127.2
58.4
9.6
6.8
13.3
5.2
2.4
1.2
0.7
1.1
0.8
10.4
237.1
Other capital contributions
Other capital contributions include the total transactions that
New Wave Group AB has had with the shareholders. Transactions
that have taken place are premium share issues. The amount that
is included in other capital contributions is therefore fully equi-
valent to capital received in addition to the nominal amount
from the share issue.
Reserves consist of translation differences in foreign subsidi-
aries and fair value changes regarding financial instruments
which are a part of cash flow hedge.
2018
10.0
189.1 2017
16.3
104.8
2.0 2.0
0.4
6.0
207.5 1.9
6.0
131.0
Note 28 - Adjustment for items
not included in cash flow
2018 2017
Depreciation and write-downs of tangible
and intangible fixed assets 77.9 65.3
Depreciation as a part of production
costs/goods for resale 12.9 11.4
Profit from business combinations * -8.4 0.0
SEK million
Share capital includes the registered share capital for the
Parent company. Share capital consists of 19,707,680 class A
shares (quoted value SEK 3.00) and 46,635,863 class B shares
(quoted value SEK 3.00).
Reserves
Note 27 - Contingent liabilities
SEK million
Duty guarantees
Rent guarantees
PRI
Other guarantees
Guarantees for associated companies
Total
Share capital
Other items -8.0 -0.3
Total 74.4 76.4
Retained earnings
Retained earnings are equivalent to the accumulated profits and
losses generated by the Group in total, after the deduction of
paid dividends.
Capital management
Group equity amounted to SEK 3,434.2 million (SEK 3,029.2
million) at the end of the year. New Wave Group’s financial
strategy is to create safe financial conditions for the Group’s
operations and development. The return on equity is highly
significant. At the end of 2018, the return on equity amounted
to 11.2 (12.2) % with an equity ratio of 48.6 (50.9) %.
New Wave Group’s dividend policy means that the dividends
to the shareholders will be equivalent to 40 % of the Group's
result over an economic cycle. The Board proposes to the Annual
General Meeting a dividend of SEK 2.00 (1.70) per share,
corresponding to SEK 132.7 (112.8) million or 37 (32) % of the
Group’s result for the year.
*Profit from acquisition of remaining shares in previous associated
company Vist Fastighets AB.
ANNUAL REPORT // 101