NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 101

NWG // FINANCIAL INFORMATION //
THE GROUP
Note 26 - Accrued expenses and
prepaid income
Note 29 - Classification
of equity
SEK million 2019 2018
Salaries and payroll fees 149.6 140.3
47.9 43.4
15.2
13.5
13.4
11.9
8.1
7.0
6.0
5.5
4.6
2.1
0.0
285.0 14.6
23.4
10.5
16.3
6.5
3.0
1.6
4.8
0.0
1.0
50.0
315.4
Repayment liabilities for accrued bonuses,
kick-backs, rebates
Sales commissions
Marketing costs
Accrued royalty costs
Other items
Electricity and rental costs
Consultancy fees
Prepaid income
Audit fees
Accrued freight costs
Interest
Delivery of goods
Total
Note 27 - Contingent liabilities
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).
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
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
SEK million
Duty guarantees
Rent guarantees
PRI
Other guarantees
Guarantees for associated companies
Total
2019
11.4
177.7
2018
10.0
189.1
0.0 2.0
1.0
6.0
196.1 0.4
6.0
207.5
Note 28 - Adjustment for items
not included in cash flow
2019 2018
233.1 77.9
Depreciation as a part of production
costs/goods for resale 16.4 12.9
Result from business combinations -11.4 -8.4
-6.2 -8.0
231.9 74.4
SEK million
Amortizations, depreciations and write-downs
of tangible and intangible fixed assets
Other items
Total
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 3 770.7 (3 434.2) 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 2019, the
return on equity amounted to 10.3 (11.2) % with an equity ratio
of 44.9 (48.6) %.
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 no dividend. Previous year, the dividend amounted to
SEK 2.00 per share, corresponding to SEK 132.7 million or 37 %
of the Group’s result for the year.
ANNUAL REPORT // 101