AAK Annual Report 2018

96 Parent company Share capital In accordance with the articles of association for AAK AB, share capital shall be a minimum of SEK 300 million and a maximum of SEK 1,200 million. All shares are fully paid and entitle the holder to equal voting rights and shares in Company assets. Share capital consists of 253,730,934 shares (253,730,934) at a quota value of SEK 1.67 per share, and shareholder equity of SEK 422,884,890 (422,884,890). In June, the number of shares and votes in AAK AB increased as a result of the share split (6:1) resolved upon by AAK AB’s Annual General Meeting on May 30, 2018. Statutory reserve The statutory reserve refers to a reduction of the share capital carried out previously. Retained profit Retained profit includes non-restricted equity from the previous year after any dividend distribution. This comprises profit for the year and subscription warrants, total non- restricted equity, i.e. the amount available for dividends to shareholders. Dividend In accordance with the Swedish Companies Act, the Board of Directors proposes payment of a dividend, for the consid- eration and approval of the Annual General Meeting of the Shareholders. The proposed dividend for payment in 2019 is SEK 469 million (SEK 1.85 per share), which has not yet been considered by the Annual General Meeting. This amount is not recognized as a liability. Proposed appropriation of profits The Board of Directors propose that the disposable profit brought forward SEK 3,074,947,829 and profit/loss for the year SEK 2,110,742,748 Total SEK 5,185,690,577 be appropriated as follows: To be distributed to shareholders, a dividend of SEK 1.85 per share SEK 469,402,228 1) To be carried forward SEK 4,716,288,349 Total SEK 5,185,690,577 1) Calculated on the number of outstanding shares as at the balance sheet date. 20 Note Shareholders’ equity