NWG // FINANCIAL INFORMATION // THE GROUP
Note 23 - Accrued expenses and prepaid income
Note 25 - Classification of equity
SEK million 2023 2022 Salaries and payroll fees 188.6 171.0
Repayment liabilities for accrued bonuses , |
|
|
kick-backs , rebates |
95.4 |
104.4 |
Prepaid income |
18.9 |
32.7 |
Sales commissions |
13.3 |
16.3 |
Accrued royalty costs |
20.0 |
16.6 |
Marketing costs |
22.1 |
21.1 |
Electricity and rental costs |
13.1 |
11.6 |
Audit fees |
9.0 |
7.3 |
Consultancy fees |
10.7 |
8.2 |
Freight costs |
9.4 |
18.6 |
Interest |
0.6 |
0.3 |
Other items |
25.4 |
21.6 |
Total |
426.5 |
429.7 |
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 2023 2022
Amortizations , depreciations and write-downs |
|
|
of tangible and intangible fixed assets |
262.9 |
253.4 |
Depreciation as a part of production |
|
|
costs / goods for resale |
9.4 |
14.0 |
Currency effects -10.7 -19.7 Other items -12.2 5.9
Total 249.4 253.7
Share capital
Share capital includes the registered share capital for the Parent company . Share capital consists of 39,415,360 ( 19,707,680 ) class A shares ( quoted value SEK 1.50 ( 3.00 ) and 93,271,726 ( 46,635,863 ) class B shares ( quoted value SEK 1.50 ( 3.00 ). The total number of outstanding shares amounts to 132,687,086 ( 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 6,460.4 ( 5,890.5 ) 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 2023 , the return on equity amounted to 18.7 ( 25.0 )% with an equity ratio of 60.2 ( 53.8 )%. The company ' s dividend policy is that 40 % of the net profit must be distributed over a business cycle . The board proposes that the general meeting decide on a dividend of SEK 3.50 ( 3.25 ) per share , a total of SEK 464,404,801 ( 431,233,030 ), divided into two payment occasions of SEK 1.75 per share each . The dividend corresponds to 42 % of the net profit .
ANNUAL REPORT // 107