Change in consolidated equity
|
Attributable to equity holders of the company |
|
|
||||
---|---|---|---|---|---|---|---|
SEKm | Share capital |
Other paid-in capital |
Other reserves | Retained earnings | Total | Non-controlling interests | Total equity |
Opening balance, January 1, 2012 | 1,545 | 2,905 | 324 | 15,761 | 20,535 | 109 | 20,644 |
Changes in acccounting policy1) | - | - | - | -2,998 | -2,998 | - | -2,998 |
Restated opening balance, January 1, 2012 | 1,545 | 2,905 | 324 | 12,763 | 17,537 | 109 | 17,646 |
Income for the period |
- |
- |
- |
2,362 |
2,362 |
3 |
2,365 |
Available for sale instruments | - | - | 23 | - | 23 | - | 23 |
Cash flow hedges | - | - | 34 | - | 34 | - | 34 |
Exchange differences on translation of foreign operations | - | - | -1,525 | - | -1,525 | -7 | -1,532 |
Remeasurement of provisions for post-employment benefits | - | - | - | -917 | -917 | - | -917 |
Income tax relating to other comprehensive income | - | - | -2 | 51 | 49 | - | 49 |
Other comprehensive income, net of tax | - | - | -1,470 | -866 | -2,336 | -7 | -2,343 |
Total comprehensive income for the period | - | - | -1,470 | 1,496 | 26 | -4 | 22 |
Share-based payment | - | - | - | -141 | -141 | - | -141 |
Sale of shares | - | - | - | 212 | 212 | - | 212 |
Dividend SEK 6.50 per share | - | - | - | -1,860 | -1,860 | - | -1,860 |
Acquisition of non-controlling interest | - | - | - | -89 | -89 | -64 | -153 |
Total transactions with equity holders | - | - | - | -1,878 | -1,878 | -64 | -1,942 |
Closing balance, December 31, 2012 | 1,545 | 2,905 | -1,146 | 12,381 | 15,685 | 41 | 15,726 |
Income for the period |
- |
- |
- |
671 |
671 |
1 |
672 |
Available for sale instruments | - | - | -69 | - | -69 | - | -69 |
Cash flow hedges | - | - | 41 | - | 41 | - | 41 |
Exchange-rate differences on translation of foreign operations | - | - | -1,513 | - | -1,513 | -5 | -1,518 |
Remeasurement of provisions for post-employment benefits | - | - | - | 1,851 | 1,851 | - | 1,851 |
Income tax relating to other comprehensive income | - | - | 29 | -636 | -607 | - | -607 |
Other comprehensive income, net of tax | - | - | -1,512 | 1,215 | -297 | -5 | -302 |
Total comprehensive income for the period | - | - | -1,512 | 1,886 | 374 | -4 | 370 |
Share-based payment | - | - | - | 77 | 77 | - | 77 |
Sale of shares | - | - | - | - | - | - | - |
Dividend SEK 6.50 per share | - | - | - | -1,860 | -1,860 | - | -1,860 |
Acquisition of non-controlling interest | - | - | - | -2 | -2 | -3 | -5 |
Total transactions with equity holders | - | - | - | -1,785 | -1,785 | -3 | -1,788 |
Closing balance, December 31, 2013 | 1,545 | 2,905 | -2,658 | 12,482 | 14,274 | 34 | 14,308 |
For more information about share capital, number of shares and earnings per share, see Note 20.
StopSearchHereCEO Statement
![](../../styles/images/elux-ceo-small.jpg)
In 2013 we continued to deliver above our growth target and delivered 4.5% in organic sales growth.
CEO Statement
![](../../styles/images/elux-ceo-small.jpg)
I'm convinced that raising product efficiency for the growing middle class is where long-term shareholder value creation lies.
Our products
![](../../styles/images/our-products.png)
Electrolux is the only appliance manufacturer in the industry to offer complete solutions for both consumers and professionals. The focus is on innovative and energy-efficient products in the premium segments.
Sustainability
Achieving the Group's vision of sustainability leadership is crucial to realizing the business strategy. The objective is to develop smarter, more accessible, resource-efficient solutions that meet people's needs and improve their lives. Read the comprehensive sustainability performance review.
Awards & recognition
![](../../styles/images/awards-puff.png)
Financial Reporting
Net sales for the Electrolux Group in 2013 amounted to SEK 109,151m, as against SEK 109,994m in the previous year. The organic sales growth was 4.5%, while currencies had an impact of -5.3%.