The net worth as of August 31, 2007 amounted to SKr 213 per share. On
December 31, 2006 the net worth amounted to SKr 268 per share. During
the first half of 2007 SKR 86 per share was transferred to the
shareholders as dividend paid and redemption of shares.
During the month of August sale of shares were made for an amount of
SKr 123.6 million.
The five largest holdings on August 31 were Hennes & Mauritz,
Handelsbanken, Cardo, AstraZeneca and AGI China East Asia Fund. The
five largest holdings correspond to 43 per cent of the Listed
Portfolio. The closing price of the Geveko Series "B" share on August
31, was SKr 182 per share to be compared with 218 Skr per share on
December 30, 2006. Direct yield for 2007, including dividend paid and
redemption of shares, is calculated at +23% to be compared with SIX
Return Index which increased by +9%.
Gothenburg, Sweden September 7, 2007
AB GEVEKO (plc)
NET WORTH August 31, 2007
SKr SKr
million million SKr/share
Securities 544 140:80
portfolio
- Listed portfolio 401
- Unlisted securities 13
- Interest-bearing funds 180
Industrial Operations 650 154:00
Others -343 -81:50
Total 901 213:30
DEFINITION OF NET WORTH
The difference between the Group's assets and liabilities, when the
Listed Portfolio is included at its market value and wholly owned
subsidiaries are valued at their estimated market value, although no
lower than adjusted equity. The valuation principle for Industrial
Operations is to apply a p/e ratio each quarter on a moving 12-month
basis to the profit after net financial items, less tax. Adjustment
is made for once-for-all costs. The Affärsvärlden index for the
building and civil engineering industries at the same date is used as
a guide when estimating the p/e ratio. The p/e-ratio used corresponds
to 75% of the comparing index.
Net Worth August 31, 2007
| Source: Geveko, AB
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