AAK Annual Report 2017

42 The Board of Directors therefore considers that the Company and the Group are prepared for likely changes to liquidity, as well as unforeseen events. In addition, the Board of Directors has con- sidered other known circumstances that may materially affect the ¿QDQFLDO SRVLWLRQ RI WKH &RPSDQ\ DQG WKH *URXS 1R FLUFXPVWDQFH has arisen that makes the proposed dividend distribution appear XQMXVWL¿DEOH It is proposed that the record date for the dividend be June 1, 2018, and it is estimated that the dividend will be received by the shareholders on June 7, 2018. 3URSRVHG DSSURSULDWLRQ RI SUR¿WV 7KH %RDUG RI 'LUHFWRUV DQG &KLHI ([HFXWLYH 2I¿FHU SURSRVH WKDW 7KH GLVSRVDEOH SUR¿W EURXJKW IRUZDUG SEK 3,444,859,746 DQG SUR¿W ORVV IRU WKH \HDU 6(. Total SEK 3,435,532,596 EH DSSURSULDWHG DV IROORZV To be distributed to shareholders, a dividend of SEK 9.75 per share SEK 412,312,768 1) To be carried forward SEK 3,023,219,828 Total SEK 3,435,532,596 1) Calculated on the number of outstanding shares as at the balance sheet date. The Group’s and the Parent’s income statements and balance sheets will be presented to the Annual General Meeting on May 30, 2018 for adoption. 5HWDLQHG SUR¿WV IURP WKH SUHYLRXV \HDU WRWDO 6(. PLOOLRQ DQG WKH SUR¿W IRU WKH ¿QDQFLDO \HDU LV 6(. PLOOLRQ IRU WKH Group). Provided that the 2018 Annual General Meeting approves WKH %RDUG¶V SURSRVHG DSSURSULDWLRQ RI SUR¿WV D WRWDO RI 6(. million will be carried forward. The Company’s restricted equity will be fully covered after distribution of the dividend. In the Board’s judgment, the Company and the Group will retain VXI¿FLHQW HTXLW\ DIWHU GLVWULEXWLRQ RI WKH SURSRVHG GLYLGHQG LQ relation to the nature, scope and risks associated with its business operations. In making this assessment, the Board has taken account of the historical development of the Company and the Group, budgeted performance and the economic situation. In the view of the Board, the Company and the Group are in a position and have the capacity, in both the short and long terms, to meet all their obligations. The proposed dividend represents a total of 11 percent of the Company’s equity and 5 percent of the Group’s equity attributable to the Parent’s shareholders. After payment of the dividend, the equity/assets ratio of the Company and the Group will be 69 percent and 44 percent, respectively. These ratios are good in relation to other businesses in our industry. The Board of Directors judges that the Company is in a good position to meet future business risks as well as withstand possible losses. Distribution of the dividend will not negatively affect the ability of the Company and the Group to make further investments as planned by the Board of Directors. The proposed dividend distribution will have a temporary negative effect on the Company’s and Group’s ability to meet FHUWDLQ FXUUHQW OLDELOLWLHV +RZHYHU WKH &RPSDQ\ DQG *URXS KDYH VXI¿FLHQW DFFHVV WR ERWK VKRUW DQG ORQJ WHUP FUHGLW WKDW FDQ EH obtained at short notice.