NWG // FINANCIAL INFORMATION // THE GROUP
Note 23 - Accrued expenses and prepaid income
Note 25 - Classification of equity
SEK million 2022 2021 Salaries and payroll fees 171.0 165.1
Repayment liabilities for accrued bonuses , |
|
|
kick-backs , rebates |
104.4 |
81.7 |
Prepaid income |
32.7 |
11.0 |
Sales commissions |
16.3 |
15.3 |
Accrued royalty costs |
16.6 |
10.7 |
Marketing costs |
21.1 |
16.6 |
Electricity and rental costs |
11.6 |
9.8 |
Audit fees |
7.3 |
6.4 |
Consultancy fees |
8.2 |
8.3 |
Freight costs |
18.6 |
8.1 |
Interest |
0.3 |
0.1 |
Other items |
21.6 |
18.8 |
Total |
429.7 |
351.9 |
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 2022 2021
Amortizations , depreciations and write-downs |
|
|
of tangible and intangible fixed assets |
253.4 |
227.3 |
Depreciation as a part of production |
|
|
costs / goods for resale |
14.0 |
7.3 |
Currency effects -19.7 9.2 Other items 5.9 -49.0
Total 253.7 194.8
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 5,890.5 ( 4,567.6 ) 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 2022 , the return on equity amounted to 25.0 ( 18.0 )% with an equity ratio of 53.8 ( 59.6 )%.
The company ' s dividend policy is that 40 % of the net profit must be distributed over a business cycle . The Board of Directors has decided to propose to the AGM a dividend of SEK 6.50 per share ( total SEK 431 233 030 ), spread over two payment dates . The first payment will be of SEK 3.26 per share ( total SEK 216 279 950 ). Since the Board of Directors has proposed a 2-for-1 share split , where each existing share will be split into two shares , the second payment will be of SEK 1.62 per share ( total SEK 214 953 080 ).
The board proposes that the general meetingdecide on a 2:1 split , meaning that an existing share is divided into two shares .
ANNUAL REPORT // 107