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Note 16 - Earnings per share

The calculation of earnings per share for 2014 is based on consolidated profit for the year of SEK 4,763 million (5,268) divided by the average number of shares outstanding. Earnings per share for 2014 totalled SEK 2,381,000 (2,634,000). The number of shares outstanding did not change during the year. No equity instruments have been issued that could lead to dilution of equity.