NWG // FINANCIAL INFORMATION // THE GROUP
Note 23 - Accrued expenses and prepaid income
Note 25 - Classification of equity
SEK million 2021 2020 Salaries and payroll fees 165.1 138.6
Repayment liabilities for accrued bonuses , |
|
|
kick-backs , rebates |
81.7 |
53.1 |
Prepaid income |
11.0 |
13.5 |
Sales commissions |
15.3 |
11.4 |
Accrued royalty costs |
10.7 |
11.2 |
Marketing costs |
16.6 |
9.9 |
Electricity and rental costs |
9.8 |
8.0 |
Audit fees |
6.4 |
5.6 |
Consultancy fees |
8.3 |
3.9 |
Freight costs |
8.1 |
2.4 |
Interest |
0.1 |
0.1 |
Other items |
19.0 |
14.6 |
Total |
351.9 |
272.5 |
Note 24 - Adjustment for items not included in cash flow
Accounting policies
The cash flow statement is prepared in accordance with the indirect method .
SEK million 2021 2020
Amortizations , depreciations and write-downs |
|
|
of tangible and intangible fixed assets |
227.3 |
229.5 |
Depreciation as a part of production |
|
|
costs / goods for resale |
7.3 |
13.9 |
Currency effects 9.2 27.4 Other items -49.0 -6.2
Total 194.8 264.5
Share capital
Share capital includes the registered share capital for the Parent company . Share capital consists of 19,707,680 ( 19,707,680 ) class A shares ( quoted value SEK 3.00 ) and 46,635,863 ( 46,635,863 ) class B shares ( quoted value SEK 3.00 ). The total number of outstanding shares amounts to 66,343,543 ( 66,343,543 ). Shares issued and fully paid .
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 equivalent to capital received in addition to the nominal amount from the share issue .
Reserves
Reserves consist of translation differences in foreign subsidiaries and fair value changes regarding financial instruments which are a part of cash flow hedge .
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 4,567.6 ( 3,855.5 ) 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 2021 , the return on equity amounted to 18.0 ( 9.5 )% with an equity ratio of 59.6 ( 53.4 )%. The company ' s dividend policy is that 40 % of the net profit shall be distributed over a business cycle . Despite the pandemic and the uncertainties that existed , the Group ' s financial position and liquidity have strengthened and New Wave Group has performed significantly better than previously forecast . The Board has therefore decided to return to the ordinary policy and to propose that the Annual General Meeting resolves on a dividend of SEK 4.25 per share , regardless of share class , a total of SEK 281,960,058 .
A dividend of SEK 4.00 per share was paid during 2021 .
ANNUAL REPORT // 107