Changes in consolidated equity

 Equity attributable to the equity holders of the parent company  
(SEK million) Note 18Share capitalPaid-in capitalTranslation reserveHedging reserveFair value reserveRevaluation reserveRetained earnings incl net income for the yearTotalMinority interest Total equity
Balance as of January 1, 2007 335 1,529 -67 -18 35 -12 3,181 4,984 121 5,105
                     
Change in translation differences     73         73   73
Changes in minority interest               - 11 11
Revaluation of shares at market value         -30     -30   -30
Change in accounting of associated company CTC Media             53 53   53
Cash flow hedge       21       21   21
Net income recognised directly in equity     73 21 -30 0 53 116 11 127
                     
Net income for the year 2007             1,363 1,363 65 1,428
Total recognised income and expense for the period     73 21 -30 0 1,415 1,478 76 1,555
                     
Dividends to shareholders             -503 -503   -503
Share buy-back             -307 -307   -307
Effect of employee share option programmes             17 17   17
Employee options exercised 0 8           8   8
Balance as of December 31, 2007 335 1,537 6 3 5 -12 3,804 5,678 197 5,875
                     
Change in translation differences     1,431         1,431 38 1,469
Tax effects on translation differences     65         65   65
Changes in minority interests               0 6 6
Revaluation of shares at market value         -5     -5   -5
Other             5 5   5
Cash flow hedge       31       31   31
Net income recognised directly in equity     1,496 31 -5 - 5 1,527 44 1,571
                     
Net income for the year 2008             2,851 2,851 77 2,927
Total recognised income and expense for the period     1,496 31 -5 - 2,855 4,377 121 4,498
                     
Dividends to shareholders             -983 -983   -983
Share buy-back             -316 -316   -316
Redemption without payments -8           8 -   -
Minority acquisition             -155 -155 0 -155
New share issue, Class C shares 2           -2 -   -
Effect of employee share option programmes             -19 -19   -19
Employee options exercised 2 78           80   80
Balance as of December 31, 2008 332 1,615 1,502 33 0 -12 5,191 8,662 318 8,980

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