Note 17 Shareholders’ equity

Specification of other reserves Hedge reserve Translation reserve Hedges of net investments Total
SEK M 2019 2018 2019 2018 2019 2018 2019 2018
Specifikation av andra reserver Säkringsreserv Omräkningsreserv Säkring av nettoinvesteringar Summa
Mkr 2019 2018 2019 2018 2019 2018 2019 2018
  Opening balance Ingående balans -40 1 645 381 -62 37 543 419
Change for the year Årets förändring 51 -52 -38 -126 13 -178
Tax attributable to items that can be restated in the profit 1)

Skatt hänförlig till poster som kan omföras till resultatet 1)

-11 11 -31 -17 8 27 -34 22
Translation difference for the  year1) Årets omräkningsdifferens1) 394 281 394 281
Closing balance Utgående balans 0 -40 1,007 645 -92 -62 915 543
1) Tax effects regarding expanded net investments were recognized under translation differences in previous reports. In this report, these effects are recognized under Tax attributable to items that can be restated in profit. Historical periods have been adjusted.
Class of shares A B Total
Aktieslag A B Totalt
Quotient value per share Kvotvärde per aktie 0.33 0.33
December 31. 2018 31 december 2018 18,217,200 254,152,373 272,369,573
December 31. 2019 31 december 2019 18,217,200 254,152,373 272,369,573
Shares’ voting rights in % Akties röstvärde i % 41.8 58.2 100

In accordance with the Articles of Association, the company’s share capital amounts to not less than SEK 75 M and not more than SEK 300 M. Within these limits, the share capital can be raised or lowered without requiring an amendment to the Articles of Association. The maximum number of shares is 600 million. One series A share carries ten votes and one series B share carries one vote. Both classes of share have the same quotient value, which is SEK 0.33. At December 31, 2019, the company’s share capital totaled SEK 91 M (91).

The registered share capital in Arjo AB (publ) amounted to SEK 90,789,858 on December 31, 2019, distributed over 272,369,573 shares with a quotient value of SEK 0.33 per share.