Note 43 Specifications to Equity

Share capital:

As of 31 December 2008 the registered share capital comprised 131,700,000 shares with a quota value of SEK 50 each.

Translation reserve:

The translation reserve includes all exchange rate differences arising in the translation of financial reports from non-Swedish operations that prepare their reports in a currency other than that in which the Group reports. Further, the translation reserve includes exchange rate differences arising in the reassessment of debts raised as hedges for net investments in non-Swedish operations.

Reserve for cash flow hedges:

The reserve for cash flow hedges includes mostly unrealised values of electricity derivatives used to hedge future sales.

The reserve for cash flow hedges is expected to affect the income statement and cash flow, respectively, in the periods indicated below:

	2008		2007
	Cash flow	Income statement	Cash flow	Income statement
Within 1 year	-7,167	-7,533	-4,998	-5,661
Between 1-5 years	2,652	1,505	-2,852	-3,129
	-4,515	-6,028	-7,850	-8,790
No expected effect	-177	80	-74	-56
Total	-4,692	-5,948	-7,924	-8,846

Amounts that were removed from the reserve for cash flow hedges are included in the following line items in the income statement:

	2008	2007
Net sales	-6,396	-1,458
Cost of products sold	3	68
Other operating income	-75	1
Other operating expenses	42	-
Financial expenses	-40	-24
Total	-6,466	-1,413

Amounts that were removed from the reserve for cash flow hedges are included in the following line items in the balance sheet:

	2008	2007
Property, plant and equipment	-17	-1
Inventories	385	95
Total	368	94

Retained earnings including profit for the year: Retained earnings including profit for the year includes earned profits in the Parent Company and its subsidiaries, associated companies and joint ventures.