AAK Annual Report 2020

The proposed dividend represents a total of 9 percent of the Company’s equity and 6 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 42 percent, respectively. These ratios are good in relation to other businesses in the industry. The Board of Direc- tors 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 distri- bution will have a temporary negative effect on the Company’s and Group’s ability to meet certain current liabilities. However, the Company and Group have sufficient access to both short- and long-term credit that can be obtained at short notice. 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 considered other known circumstances that may materially affect the financial position of the Company and the Group. No circumstance has arisen that makes the proposed div- idend distribution appear unjustifiable. It is proposed that the record date for the dividend be May 11, 2021, and it is estimated that the dividend will be received by the shareholders on May 17, 2021. Proposed appropriation of profits The Board of Directors proposes that the disposable profit brought forward SEK 6,135,980,620 and profit/loss for the year SEK -39,231,986 Total SEK 6,096,748,634 be appropriated as follows: To be distributed to shareholders, a dividend of SEK 2.30 per share SEK 587,452,048 To be carried forward SEK 5,509,296,586 Total SEK 6,096,748,634 The Group’s and the Parent’s income statements and balance sheets will be presented to the Annual General Meeting on May 7, 2021 for adoption. AAK Annual Report 2020 47