For the year ended December 31 | |||
Amounts in MSEK | Note | 2022 | 2021 |
Revenues | 4 | ||
Cost of sales | – | – | |
Gross profit | |||
Marketing expenses | – | – | |
Administrative expenses | – | – | |
Research and development expenses | – | – | |
Other operating income | 7 | ||
Other operating expenses | 7 | – | – |
Share of profit in associated companies and joint ventures | 14 | ||
Operating profit | 4, 5, 6, 16 | ||
Financial income | 8 | ||
Financial expenses | 8 | – | – |
Net financial items | – | – | |
Profit before tax | |||
Income tax expense | 9 | – | – |
Profit for the year | |||
Profit attributable to: | |||
– owners of the parent | |||
– non-controlling interests | |||
Basic earnings per share, SEK | 11 | ||
Diluted earnings per share, SEK | 11 | ||
1) Earnings per share are adjusted for share split. |
For the year ended December 31 | |||
Amounts in MSEK | Note | 2022 | 2021 |
Profit for the year | |||
Other comprehensive income | |||
Items that will not be reclassified to profit or loss | |||
Remeasurements of defined benefit plans | |||
Income tax relating to items that will not be reclassified | – | – | |
Items that may be reclassified subsequently to profit or loss | |||
Translation differences: | |||
– on foreign operations | |||
Hedge of net investments in foreign operations | – | – | |
Cash flow hedges | – | ||
Income tax relating to items that may be reclassified | |||
Other comprehensive income for the year, net of tax | 10 | ||
Total comprehensive income for the year | |||
Total comprehensive income attributable to: | |||
– owners of the parent | |||
– non-controlling interests |
Amounts in MSEK | Note | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | |||
Non-current assets | |||
Intangible assets | 12 | ||
Rental equipment | 13 | ||
Other property, plant and equipment | 13 | ||
Right-of-use assets | 22 | ||
Investments in associated companies and joint ventures | 14 | ||
Other financial assets | 15 | ||
Other receivables | |||
Deferred tax assets | 9 | ||
Total non-current assets | |||
Current assets | |||
Inventories | 16 | ||
Trade receivables | 17 | ||
Income tax receivables | |||
Other receivables | 18 | ||
Other financial assets | 15 | ||
Cash and cash equivalents | 19 | ||
Assets classified as held for sale | 3 | ||
Total current assets | |||
TOTAL ASSETS |
Amounts in MSEK | Note | Dec. 31, 2022 | Dec. 31, 2021 |
EQUITY | Page 64 | ||
Share capital | |||
Other paid-in capital | |||
Reserves | |||
Retained earnings | |||
Total equity attributable to owners of the parent | |||
Non-controlling interests | |||
TOTAL EQUITY | |||
LIABILITIES | |||
Non-current liabilities | |||
Borrowings | 21 | ||
Post-employment benefits | 23 | ||
Other liabilities | |||
Provisions | 25 | ||
Deferred tax liabilities | 9 | ||
Total non-current liabilities | |||
Current liabilities | |||
Borrowings | 21 | ||
Trade payables | |||
Income tax liabilities | |||
Other liabilities | 24 | ||
Provisions | 25 | ||
Total current liabilities | |||
TOTAL EQUITY AND LIABILITIES |
2022 | Equity attributable to owners of the parent | |||||||
Amounts in MSEK | Share capital | Other paid-in capital | Hedging reserve | Trans lation reserve | Retained earnings | Total | Non-controlling interests | Total equity |
Opening balance, Jan. 1 | – | |||||||
Profit for the year | ||||||||
Other comprehensive income for the year | ||||||||
Total comprehensive income for the year | ||||||||
Dividend | – | – | – | |||||
Redemption of shares | – | – | – | – | ||||
Increase of share capital through bonus issue | – | – | – | |||||
Acquisition of series A shares | – | – | – | |||||
Divestment of series A shares | ||||||||
Change of non-controlling interests | ||||||||
Share-based payment, equity settled: | ||||||||
– expense during the year | ||||||||
– exercise option | – | – | – | |||||
Closing balance, Dec. 31 | – | |||||||
2021 | Equity attributable to owners of the parent | |||||||
Amounts in MSEK | Share capital | Other paid-in capital | Hedging reserve | Trans lation reserve | Retained earnings | Total | Non-controlling interests | Total equity |
Opening balance, Jan. 1 | ||||||||
Profit for the year | ||||||||
Other comprehensive income for the year | – | |||||||
Transfer of reserves | – | – | – | |||||
Total comprehensive income for the year | – | |||||||
Dividend | – | – | – | |||||
Acquisition of series A shares | – | – | – | |||||
Divestment of series A shares | ||||||||
Change of non-controlling interests | – | – | – | – | ||||
Share-based payment, equity settled: | ||||||||
– expense during the year | ||||||||
– exercise option | – | – | – | |||||
Closing balance, Dec. 31 | – |
For the year ended December 31 | |||
Amounts in MSEK | Note | 2022 | 2021 |
Cash flows from operating activities | |||
Operating profit | |||
Adjustments for: | |||
Depreciation, amortization and impairment | 12, 13, 22 | ||
Capital gain/loss and other non-cash items | – | ||
Operating cash surplus | |||
Net financial items received/paid | – | ||
Taxes paid | – | – | |
Pension funding and payment of pension to employees | – | – | |
Cash flow before change in working capital | |||
Change in: | |||
Inventories | – | – | |
Operating receivables | – | – | |
Operating liabilities | |||
Change in working capital | – | – | |
Increase in rental equipment | – | – | |
Sale of rental equipment | |||
Net cash from operating activities |
For the year ended December 31 | ||||
Amounts in MSEK | Note | 2022 | 2021 | |
Cash flows from investing activities | ||||
Investments in other property, plant and equipment | 13 | – | – | |
Sale of other property, plant and equipment | ||||
Investments in intangible assets | 12 | – | – | |
Acquisition of subsidiaries | 2 | – | – | |
Divestment of subsidiaries | 3 | – | – | |
Investment in other financial assets, net | – | |||
Net cash from investing activities | – | – | ||
Cash flows from financing activities | ||||
Ordinary dividend | – | – | ||
Redemption of shares | – | – | ||
Acquisition of non-controlling interest | – | – | ||
Repurchase of own shares | – | – | ||
Divestment of own shares | ||||
Borrowings | ||||
Repayment of borrowings | – | – | ||
Settlement of CSA | – | – | ||
Payment of lease liabilities | 22 | – | – | |
Net cash from financing activities | – | – | ||
Net cash flow for the year | – | |||
Cash and cash equivalents, Jan. 1 | ||||
Net cash flow for the year | – | |||
Exchange-rate difference in cash and cash equivalents | ||||
Cash and cash equivalents, Dec. 31 | 19 | |||
1) | Credit Support Annex, see note 27. |