Proposed disposition of earnings
The unrestricted equity in Alfa Laval AB (publ) is SEK:  
Unrestricted equity capital 2,665,159,244
Repurchase of shares -766,132,543
Received Group contribution, net after tax 608,294,917
Net income for 2008 2,086,091,382
  4,593,413,000
The Board of Directors propose a dividend of SEK 2.25 (2.25) * per share corresponding to SEK 949,588,799 (972,625,086) and that the remaining income of SEK 3,643,824,202 (2,655,401,444) be carried forward.
True and fair view
The undersigned certify that the annual report for the Group and the Parent company has been prepared in accordance with International Financial Reporting Standards (IFRS), as adopted for use in the European Union, and generally accepted accounting principles respectively, and gives a true and fair view of the financial positions and results of the Group and the Parent company, and that the Board of Directors’ report gives a fair review of the development of the operations, financial positions and results of the Group and the Parent company and describes substantial risks and uncertainties that the Group companies face.
Lund, den 2 mars 2009
Anders Narvinger
Chairman
Gunilla Berg
Director
Björn Hägglund
Director
Arne Kastö
Employee representative
Ulla Litzén
Director
Jan Nilsson
Employee representative
Susanna Holmqvist Norrby
Employee representative
Finn Rausing
Director
Jörn Rausing
Director
Waldemar Schmidt
Director
Lars Renström
Managing Director
Our Auditors’ Report concerning this Annual Report has been issued on March 2, 2009.
Kerstin Mouchard
Authorised Public Accountant
Staffan Landén
Authorised Public Accountant
* The figure for last year has been recalculated due to the 4:1 split.
Audit Report
To the annual meeting of the shareholders of Alfa Laval AB (publ). Corporate identity number 556587-8054.
We have audited the annual accounts, the consolidated accounts, the accounting records and the administration of the board of directors and the managing director of Alfa Laval AB (publ) for the year 2008. The board of directors and the managing director are responsible for these accounts and the administration of the company as well as for the application of the Annual Accounts Act when preparing the annual accounts and the application of international financial reporting standards IFRSs as adopted by the EU and the Annual Accounts Act when preparing the consolidated accounts. Our responsibility is to express an opinion on the annual accounts, the consolidated accounts and the administration based on our audit.
We conducted our audit in accordance with generally accepted auditing standards in Sweden. Those standards require that we plan and perform the audit to obtain reasonable assurance that the annual accounts and the consolidated accounts are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the accounts. An audit also includes assessing the accounting principles used and their application by the board of directors and the managing director and significant estimates made by the board of directors and the managing director when preparing the annual accounts and consolidated accounts as well as evaluating the overall presentation of information in the annual accounts and the consolidated accounts. As a basis for our opinion concerning discharge from liability, we examined significant decisions, actions taken and circumstances of the company in order to be able to determine the liability, if any, to the company of any board member or the managing director. We also examined whether any board member or the managing director has, in any other way, acted in contravention of the Companies Act, the Annual Accounts Act or the Articles of Association. We believe that our audit provides a reasonable basis for our opinion set out below.
The annual accounts have been prepared in accordance with the Annual Accounts Act and give a true and fair view of the company’s financial position and results of operations in accordance with generally accepted accounting principles in Sweden. The consolidated accounts have been prepared in accordance with the international financial reporting standards IFRSs as adopted by the EU and the Annual Accounts Act and give a true and fair view of the group´s financial position and results of operations. The statutory administration report is consistent with the other parts of the annual accounts and the consolidated accounts.
We recommend to the annual meeting of shareholders that the income statements and balance sheets of the parent company and the group be adopted, that the profit of the parent company be dealt with in accordance with the proposal in the administration report and that the members of the board of directors and the managing director be discharged from liability for the financial year.
Lund March 2, 2009
Kerstin Mouchard
Authorized/Approved Public Accountant
Staffan Landén
Authorized/Approved Public Accountant