Share capital
According to the articles of association of TeliaSonera AB the authorized share capital shall amount to no less than SEK 8 billion and no more than SEK 32 billion. All issued shares have been paid in full and carry equal rights to vote and participate in the assets of the company.
During the last three years, the issued share capital changed as follows.


Issued share capital (SEK)Number of issued sharesQuotient value (SEK/share)
Issued share capital, December 31, 2004
14,960,742,6214,675,232,0693.20
Issued share capital, December 31, 2005
14,960,742,6214,675,232,0693.20
Cancellation of shares repurchased in 2005, September 6, 2006
-591,279,539-184,774,8563.20
Issued share capital, December 31, 2006
14,369,463,0824,490,457,2133.20
Issued share capital, December 31, 2007
14,369,463,0824,490,457,2133.20




Treasury shares
On April 26, 2005, the Annual General Meeting of shareholders decided on a share repurchase program with tradable rights. After executing the program, TeliaSonera AB as of December 31, 2005 held 184,774,856 treasury shares. On April 27, 2006, the Annual General Meeting decided to reduce the share capital by cancellation of the repurchased shares. The cancellation was accomplished on September 6, 2006.
No TeliaSonera shares are held by the company's subsidiaries.
Reserves


December 31,
SEK in millions

20072006
Recycling reserves



Fair value reserve - quoted equity instruments



Opening balance

124163
Net changes in fair value

47
Transferred to other financial items in the income statement

--88
Tax effect

-42
Closing balance

128124
Hedging reserve - cash flow hedges



Opening balance

-35-49
Net changes in fair value

-13-39
Transferred to finance costs in the income statement

6258
Tax effect

-14-5
Closing balance

0-35
Foreign currency translation reserve



Opening balance

-2,9765,979
Translation of foreign operations

8,741-8,993
Foreign operations divested

738
Hedging of foreign operations

-158-
Tax effect

44-
Closing balance

5,658-2,976
Total recycling reserves, closing balance

5,786-2,887
Other reserves



Revaluation reserve



Opening balance

1,138966
Operations acquired

-300
Transfer of amortization and depreciation for the year

-166-128
Closing balance

9721,138
Inflation adjustment reserve



Opening balance

4,9095,056
Translation of operations in hyperinflationary economies

--147
Closing balance

4,9094,909
Total other reserves, closing balance

5,8816,047
Total reserves, closing balance

11,6673,160
The hedging reserve comprises gains and losses on derivatives hedging interest rate and foreign currency exposure (with a zero net effect in equity as of December 31, 2007). Gains or losses will affect the income statement in 2010, 2013 and 2017 when the hedged items mature. No hedging reserve transfer necessitated adjustment of the cost of acquisition. See also section "Financial Instruments" in Note 4 "Significant Accounting Policies."
The inflation adjustment reserve refers to the Turkish economy, which as of January 1, 2006, from an accounting perspective is no longer considered to be hyperinflationary, affecting TeliaSonera in the second quarter of 2006, as Turkcell's financials are reported with a one-quarter lag.
Minority interests in equity
Exchange rate differences in minority interests changed as follows.


December 31,
SEK in millions

20072006
Opening balance

-426182
Translation of foreign operations

160-608
Closing balance

-266-426
Minority interests in equity were distributed as follows (including intermediate holding companies, when applicable).


December 31,
SEK in millions

20072006
DLG-debitel I/S, Denmark

60-
TEO LT, AB, Lithuania

1,1781,163
Latvijas Mobilais Telefons SIA, Latvia

764702
AS Eesti Telekom, Estonia

2,1752,471
Fintur Holdings B.V., the Netherlands

5,3564,144
Central Asian Telecommunications Development B.V., the Netherlands

233-
Other subsidiaries

1720
Total minority interests in equity

9,7838,500
Earnings per share and dividends


January-December



20072006
Net income attributable to shareholders of the parent company (SEK million)

17,67416,987
Average number of outstanding shares, basic and diluted (thousands)

4,490,4574,490,457
Average number of treasury shares, basic and diluted (thousands)

-125,546
Earnings per outstanding share, basic and diluted (SEK)

3.943.78
Ordinary cash dividend (for 2007 as proposed by the Board)



- Per share (SEK)

1.801.80
- Total (SEK million)

8,0838,083
Extraordinary cash dividend (for 2007 as proposed by the Board)



- Per share (SEK)

2.204.50
- Total (SEK million)

9,87920,207