Year-End Report 2003
Year-End Report 2003 Improved financial stability · Shareholders' equity (net asset value), after full subscription to outstanding warrants, amounted to SEK 1,812M on 31 December. Shareholders' equity is equivalent to SEK 1.40 per share after full dilution (discounted value) and to SEK 1.56 per share without discounting. · On 23 February, shareholders' equity after full dilution was calculated at SEK 1.45 (discounted value) and SEK 1.60 without discounting. · Taking full subscription to outstanding warrants into account, the net loan liability improved by more than SEK 600M to SEK 76M. ·