3. PROPUESTA PRÁCTICA: LOS ALCANCES DE LA INTERTEXTUALIDAD COMO
3.3. Los resultados obtenidos de la actividad dialógica: la comprobación de las hipótesis
3.3.3. Las preguntas relacionadas con la integración personal de lo leído
The Board of Directors’ comments on the proposed dividend The Group contribution – provided the Annual General Meeting approves – has been paid in the amount of SEK 5,440,222 which caused a reduction of SEK 3,916,960 in non-restricted sharehold- ers’ equity at the balance-sheet date, with due consideration given to the tax effect.
In the Board of Directors’ estimation, the proposed value transfer, in the form of a Group contribution, in no way hinders the company from fulfilling its obligations in the short or long term, nor of fulfilling investment requirements. The proposed value transfer can thus be defended on the grounds of what was provided in the Companies Act, Chapter 17, Chapter 3 sections 2–3 (regulation on caution).
The proposed distribution to the shareholders reduces the com- pany’s equity/assets ratio to 77% and the Group’s equity/assets ratio to 79%. Against the background of the company’s and the Group’s operations being conducted profitably, the equity/assets ratio is reassuring. Liquidity in the company and the Group is considered to be sustainable at a similarly reassuring level.
In the Board of Directors’ estimation, the proposed dividend in no way hinders the company, and other companies in the Group, from fulfilling its obligations in the short or long term, nor of fulfill- ing investment requirements. The proposed dividend can thus be defended on the grounds of what was provided in ABL 17, Chapter 3 sections 2–3 (regulation on caution).
The Board of Directors and President of Vasallen AB wish to assure that, to the best of our knowledge, the annual report has been prepared in accordance with sound accounting practice for limited liability companies in accordance with the owners’ stated
ownership policy and that the information presented provides a fair view of the company’s standing and that no substantial omission has been made that would adversely impact the image of the company as created in the annual report.
The Income Statement and Balance Sheet will be approved at the Annual General Meeting on April 26, 2007.
Örebro, March 12, 2007
Holger Wästlund Biljana Bozic Jens Engwall
Chairman
Marianne Förander Lena Hedlund Lars Johnsson
Håkan Andershed Charlotta Westerberg
Employee representative Employee representative
Håkan Steinbüchel
President
Our audit report was submitted on March 13, 2007 PricewaterhouseCoopers AB
Per Wardhammar
To the Annual General Meeting of Vasallen Aktiebolag (publ)
Corporate Registration Number 556475-4793
We have audited the annual accounts, the consolidated accounts, the accounting records and the administration of the Board of Directors and the President of Vasallen Aktiebolag (publ) for the financial year 2006. The company’s annual accounts are included in the printed version of this document on pages 4–57, 59–81. These accounts and the administration of the com- pany are the responsibility of the Board of Directors and the President, as well as complying with the Annual Accounts Act in preparing the annual report and as set out by the International Financial Reporting Standards (IFRS) as adopted by the EU, and the Annual Accounts Act, in the preparation of the consolidated accounts. Our responsibility is to express an opin- ion on the annual accounts, the consolidated accounts and the administration based on our audit.
The audit was conducted in accordance with generally accepted auditing standards in Sweden. Those standards require that we plan and perform the audit to obtain reasonable, but not absolute, assurance that the annual accounts and the con- solidated accounts are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the accounts. An audit also includes assessing the accounting principles used and their applica- tion by the Board of Directors and the President, and to assess the significant conclusions the Board of Directors and the President reached in the preparation of the annual report and consolidated accounts as well as evaluating the overall presen- tation of information in the annual accounts and the consolidated accounts. As a basis for our opinion concerning discharge from liability, we examined significant decisions, actions taken and circumstances of the company in order to be able to determine the liability, if any, to the company of any Board member or the President. We also examined whether any Board member or the managing director has, in any other way, acted in contravention of the Companies Act, the Annual Accounts Act or the Articles of Association. We believe that our audit provides a reasonable basis for our opinion set out below.
The annual accounts have been prepared in accordance with the Annual Accounts Act and, thereby, give a fair view of the company’s financial position and results of operations in accordance with generally accepted accounting principles in Sweden. The consolidated accounts have been prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU, and the Annual Accounts Act and provide a fair and fair view of the company’s financial posi- tion and results. The Board of Directors’ Report is in agreement with the other parts of the annual report and consolidated accounts.
We recommend to the Annual General Meeting of shareholders that the income statements and balance sheets of the Parent Company and the Group be adopted, that the profit for the Parent Company be dealt with in accordance with the proposal in the administration report and that the members of the Board of Directors and the president be discharged from liability for the financial year.
Stockholm, March 13, 2007 PricewaterhouseCoopers AB
Per Wardhammar
Authorized Public Accountant