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E1 Equity
 12 Months Ended
Dec. 31, 2023
Equity [abstract]  
E1 Equity
LOGO   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