The amount at the disposal of the Annual General Meeting of SSAB AB, reg.no. 556016-3429 is as follows
| Retained earnings | 25,590 |
|---|---|
| Profit for the year | 1,645 |
| SEK millions | 27,235 |
Of this, a share premium reserve comprises SEK 9,391 million and a fair value reserve comprises SEK 2,015 million.
The Board of Directors and President recommend that the profit be allocated as follows:
| Dividend to the shareholders |
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| SEK 2.00 per share | 648 |
| Carried forward to next year | 26,587 |
| SEK millions | 27,235 |
According to the consolidated balance sheet, the Group's retained earnings amounted to SEK 19,137 (18,962) million.
The Board of Directors and the President hereby affirm that the consolidated financial statements have been prepared in accordance with international accounting standards, IFRS, as adopted by the EU and provide a true and fair view of the Group's financial position and earnings. The Annual Report has been prepared in accordance with generally accepted accounting principles and provides a fair and true view of the parent company's financial position and earnings. The report of the directors for the Group and the parent company provides a true and fair overview of the development of the operations, financial position and earnings of the Group and parent company and describes material risks and uncertainty factors facing the parent company and the companies included in the Group.
Stockholm, February 10, 2011
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| Sverker Martin-Löf | Carl Bennet | Sture Bergvall |
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| Anders G Carlberg | Olof Faxander | Uno Granbom |
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| Marianne Nivert | Anders Nyrén | Per Scheikl |
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| Matti Sundberg | John Tulloch | Lars Westerberg |
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Martin Lindqvist |
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President and CEO |
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Our auditor's report was submitted on February 10, 2011
PricewaterhouseCoopers AB
Claes Dahlén
Authorized public accountant