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E1 Equity | 12 Months Ended
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Dec. 31, 2023
Equity [abstract] |
E1 Equity |
|  | Equity
Capital stock
Capital stock
Parent Company |  | Class A shares |  |  | Class B shares |  |  | Total
December 31, 2023 |  |  | 1,309 |  |  |  | 15,413 |  |  | 16,722
December 31, 2022 |  |  | 1,309 |  |  |  | 15,363 |  |  | 16,672
The capital stock of the Parent Company is divided into two classes: Class A shares (quota value SEK 5.00) and Class B shares (quota value SEK 5.00). Both classes have the same rights of participation in the net assets and earnings. Class A shares, however, are entitled to one vote per share while Class B shares are entitled to one tenth of one vote per share. The Annual General Meeting (AGM) 2023 resolved to issue 10,000,000 Class C shares for the Long-Term Variable Compensation Program (LTV II) 2023, 2022 and 2021 for Ericsson’s executive team and other executives. In accordance with an authorization from the AGM, the Board of Directors resolved to repurchase the new issued shares, which were subsequently converted into Class B shares. The quotient value of the repurchased shares was SEK 5.00, totaling SEK 50.0 million, representing less than 0.3% of capital stock. The acquisition cost was SEK 50.2 million. At December 31, 2023, the total number of treasury shares was 14,009,306 (4,009,306 in 2022 and 4,009,306 in 2021) Class B shares.
Number of shares |  |  |  |  |  |  |  |  |
2023 |  | Class A shares |  |  | Class B shares |  |  | Total |
As of January 1 |  | 261,755,983 |  |  | 3,072,395,752 |  |  | 3,334,151,735 |
As of December 31 |  | 261,755,983 |  |  | 3,082,395,752 |  |  | 3,344,151,735 |
2022 |  |  | Class A shares |  |  |  | Class B shares |  |  |  | Total |
As of January 1 |  | 261,755,983 |  |  | 3,072,395,752 |  |  | 3,334,151,735 |
As of December 31 |  |  | 261,755,983 |  |  |  | 3,072,395,752 |  |  |  | 3,334,151,735 |
Dividend proposal The Board of Directors propose to the Annual General Meeting a dividend to the shareholders of SEK 2.70 per share (SEK 2.70 in 2022 and SEK 2.50 in 2021), representing a total dividend of SEK 9.0 (9.0) billion. The dividend is proposed to be paid in two equal installments, SEK 1.35 per share with the record date April 5, 2024 (payment date April 10, 2024), and SEK 1.35 per share with the record date October 2, 2024 (payment date October 7, 2024). Additional paid in capital Additional paid in capital relates to payments made by owners and includes share premiums paid. Other reserves Other reserves include translation reserves, cash flow hedges and revaluation of borrowings. Translation reserves The translation reserves comprise all foreign currency translation reserves arising from the translation of the financial statements of foreign operations to the Group presentation currency and changes regarding revaluation of excess value in local currency. Cash flow hedge reserve For further information, see note F1 “Financial risk management.” Revaluation of borrowings For further information, see note F4 “Interest-bearing liabilities.” Retained earnings Retained earnings, including net income for the year, comprise the earned profits of the Parent Company and its share of net income in subsidiaries, joint ventures and associated companies. Retained earnings also include remeasurements related to post-employment benefits. Remeasurements related to post-employment benefits Actuarial gains and losses resulting from experience-based events and changes in actuarial assumptions, fluctuations in the effect of the asset ceiling, and adjustments related to the Swedish special payroll taxes. For more information, see note G1 “Post-employment benefits.” Non-controlling interests Equity in a subsidiary not attributable, directly or indirectly, to a parent.
Other reserves |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2023 |  |  | 2022 |
SEK million |  | Translation reserves |  |  | Cash flow hedge reserve |  |  | Revaluation of borrowings |  |  | Total other reserves |  |  | Translation reserves |  |  | Cash flow hedge reserve |  |  | Revaluation of borrowings |  |  | Total other reserves |
Opening balance |  |  | 8,443 |  |  |  | –719 |  |  |  | 477 |  |  |  | 8,201 |  |  |  | 1,206 |  |  |  | –411 |  |  |  | –341 |  |  |  | 454 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Items that will not be reclassified to profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revaluation of borrowings due to change in credit risk |  |  | – |  |  |  | – |  |  |  | –667 |  |  |  | –667 |  |  |  | – |  |  |  | – |  |  |  | 1,030 |  |  |  | 1,030 |
Cash flow hedge reserve |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains/losses arising during the period |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 3,703 |  |  |  | – |  |  |  | 3,703 |
Transfer to goodwill |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | –3,677 |  |  |  | – |  |  |  | –3,677 |
Tax on items that will not be reclassified to profit or loss |  |  | – |  |  |  | – |  |  |  | 137 |  |  |  | 137 |  |  |  | – |  |  |  | –758 |  |  |  | –212 |  |  |  | –970 |
Items that have been or may be reclassified to profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedge reserve |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains/losses arising during the period |  |  | – |  |  |  | 754 |  |  |  | – |  |  |  | 754 |  |  |  | – |  |  |  | –701 |  |  |  | – |  |  |  | –701 |
Reclassification to profit and loss |  |  | – |  |  |  | 1,090 |  |  |  | – |  |  |  | 1,090 |  |  |  | – |  |  |  | 280 |  |  |  | – |  |  |  | 280 |
Translation reserves |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in translation reserves |  |  | –2,425 |  |  |  | – |  |  |  | – |  |  |  | –2,425 |  |  |  | 7,273 |  |  |  | – |  |  |  | – |  |  |  | 7,273 |
Reclassification to profit and loss |  |  | 59 |  |  |  | – |  |  |  | – |  |  |  | 59 |  |  |  | –85 |  |  |  | – |  |  |  | – |  |  |  | –85 |
Share of other comprehensive income of JV and associated companies |  |  | –10 |  |  |  | – |  |  |  | – |  |  |  | –10 |  |  |  | 49 |  |  |  | – |  |  |  | – |  |  |  | 49 |
Tax on items that have been or may be reclassified to profit or loss |  |  | – |  |  |  | –380 |  |  |  | – |  |  |  | –380 |  |  |  | – |  |  |  | 87 |  |  |  | – |  |  |  | 87 |
Other comprehensive income, net of tax |  |  | –2,376 |  |  |  | 1,464 |  |  |  | –530 |  |  |  | –1,442 |  |  |  | 7,237 |  |  |  | –1,066 |  |  |  | 818 |  |  |  | 6,989 |
Total comprehensive income |  |  | –2,376 |  |  |  | 1,464 |  |  |  | –530 |  |  |  | –1,442 |  |  |  | 7,237 |  |  |  | –1,066 |  |  |  | 818 |  |  |  | 6,989 |
Transfer to retained earnings |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 758 |  |  |  | – |  |  |  | 758 |
Closing balance |  |  | 6,067 |  |  |  | 745 |  |  |  | –53 |  |  |  | 6,759 |  |  |  | 8,443 |  |  |  | –719 |  |  |  | 477 |  |  |  | 8,201 |

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