Note 18 Shareholders' equity

Shares issued (SEK million)   Number of shares paidQuota value
MTG Class A   7,930,70140
MTG Class B   57,966,114290
MTG Class C   850,0004
Total number of shares issued/total quota value as per December 31 2009   66,746,815334
      
The holder of an MTG Class A share is entitled to 10 votes, the holder of an MTG Class B share one vote and MTG Class C share one vote. Class C shareholders are not entitled to dividend payments. The Class C shares are held by the parent company.
      
  Class A sharesClass B sharesClass C sharesTotal
31 December 1997 15,123,74144,573,991 59,697,732
New share issue 2000 5,410,5321,266,892 6,677,424
31 December 2000 20,534,27345,840,883 66,375,156
Conversion of Class A shares to Class B shares 2001 -4,988,6524,988,652 -
31 December 2001 15,545,62150,829,535 66,375,156
New share issue 2006, exercise of stock options issued 2001 -667,368 667,368
31 December 2006 15,545,62151,496,903 67,042,524
New share issue 2007, exercise of stock options issued 2001 -29,016 29,016
Conversion of Class A shares to Class B shares, 2007 -303,953303,953 -
Repurchase of Class B shares 2007 --719,000 -719,000
31 December 2007 15,241,66851,110,872 66,352,540
New share issue 2008, exercise of stock options issued 2005  335,835 335,835
New share issue 2008, share option plan issued 2008   480,000480,000
Conversion of Class A shares to Class B shares, 2008 -150,242150,242 -
Repurchase of Class B shares 2008  -798,000 -798,000
Shares issued 31 December 2008 15,091,42650,798,949480,00066,370,375
New share issue 2009, exercise of stock options issued 2005  6,440 6,440
New share issue 2009, share option plan issued 2009   370,000370,000
Conversion of Class A shares to Class B shares, 2009 -7,160,7257,160,725 -
Shares issued 31 December 2009 7,930,70157,966,114850,00066,746,815
      
Parent company (SEK)   20092008
Proposed/decided cash dividends   5.505.00
      
Legal reserve     
The legal reserves in the parent company were previously legal statutory reserves in accordance with the Swedish Company Act. In 2008 and 2007, the legal reserves were reduced and transferred to retained earnings.
      
Paid-in capital/Premium reserve     
The paid-in capital arises when shares are issued at a premium, i.e. shares were paid at a higher price than the quotient value. The premium reserve in the parent company relates to employee options exercised during 2009 and 2008 only.
Translation reserve in equity     
Translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations to Swedish krona in the consolidated accounts.
Group (SEK million)   20092008
Opening balance, 1 January   1,5026
This year's translation differences, net of tax   -8601,347
Realised accumulated translation differences by sale of shares in Group companies   -149
Total accumulated translation differences, 31 December   6421,502
      
MTG hedges the book value of the net investment in Nova Televizia against fluctuation in currency rates, that is, the risk related to changes in currency rates between the Swedish krona and Bulgarian leva. In relation to the acquisition MTG raised a euro loan which is recognised as hedging instrument for part of the investment. The loan was repaid during 2009.
Hedging reserve     
The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred.
Group (SEK million)   20092008
Opening balance, 1 January   333
Recognised in other comprehensive income   -1331
Recognised in the income statement   -1293
Transferred to the acquisition value of item hedged   12-94
Closing balance, 31 December   2133
      
Fair value reserve     
The fair value reserve includes the cumulative net change in the fair value of available-for-sale investments until the investment is derecognised. If a decrease in values has occurred for a longer period of time, the change is charged to the income statement and will therefore not be recognised in the fair value reserve.
Group (SEK million)   20092008
Opening balance, 1 January   05
Recognised in other comprehensive income   8-5
Closing balance, 31 December   80
      
Revaluation reserve     
The revaluation reserve includes revaluation of trademarks in relation to successive share purchase.
Group (SEK million)   20092008
Opening balance, 1 January   -12-12
Recognised in other comprehensive income   --
Closing balance, 31 December   -12-12
      
Retained earnings     
Retained earnings comprise of previously earned income.
Minority interest     
In subsidiaries not wholly owned, the share of equity owned by external shareholders is recorded as minority interest. If the shareholders' equity is negative, a receivable is reported for the minority to the extent that minority owners are expected to contribute their share.

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