REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Title of Each Class |
Trading symbol(s) |
Name of Each Exchange on which Registered | ||
B Shares * |
* | Not for trading, but only in connection with the registration of the American Depositary Shares representing such B Shares pursuant to the requirements of the Securities and Exchange Commission. |
B shares (SEK 5.00 nominal value) |
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A shares (SEK 5.00 nominal value) |
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C shares (SEK 5.00 nominal value) |
☒ | Accelerated filer | ☐ | ||||
Non-accelerated filer | ☐ | Emerging growth company |
☐ U.S. GAAP |
☒ | International Accounting Standards Board |
☐ Other |
Page |
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ITEM 1. |
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ITEM 2. |
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ITEM 3. |
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B |
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C |
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D |
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ITEM 4. |
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B |
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C |
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D |
5 |
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ITEM 4A. |
5 |
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ITEM 5. |
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B |
6 |
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C |
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D |
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E |
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F |
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ITEM 6. |
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B |
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C |
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D |
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E |
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ITEM 7. |
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B |
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C |
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ITEM 8. |
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B |
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ITEM 9. |
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C |
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D |
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E |
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F |
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ITEM 10. |
9 |
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B |
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C |
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D |
9 |
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E |
10 |
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F |
12 |
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G |
12 |
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H |
12 |
I |
12 |
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ITEM 11. |
12 |
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ITEM 12. |
13 |
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A |
13 |
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B |
13 |
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C |
13 |
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D |
13 |
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14 |
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ITEM 13. |
14 |
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ITEM 14. |
14 |
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ITEM 15. |
14 |
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A |
14 |
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B |
14 |
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C |
14 |
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D |
14 |
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ITEM 16. |
14 |
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ITEM 16A |
14 |
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ITEM 16B |
14 |
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ITEM 16C |
14 |
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ITEM 16D |
14 |
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ITEM 16E |
15 |
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ITEM 16F |
15 |
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ITEM 16G |
15 |
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ITEM 16H |
15 |
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ITEM 16I |
15 |
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15 |
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ITEM 17. |
15 |
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ITEM 18. |
16 |
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ITEM 19. |
16 |
• | Financial Report |
• | This is Ericsson |
• | Business strategy – Creating long-term value |
• | Business model – Customer focus and technology leadership |
• | Board of Directors’ Report |
• | Business in 2021 |
• | Financial Highlights - Capital expenditures |
• | Notes to the Consolidated financial statements |
• | Note E2 – Business combinations |
• | Note H6 – Events after the reporting period |
• | Financial Report |
• | This is Ericsson |
• | Business strategy – Creating long-term value |
• | Business model – Customer focus and technology leadership |
• | Board of Directors’ report |
• | Business in 2021 |
• | Financial highlights – Research and development, patents and licensing |
• | Financial highlights – Seasonality |
• | Business results – Segments |
• | Business results – Market Areas |
• | Sourcing and supply |
• | Sustainability and Corporate Responsibility |
• | Notes to the consolidated financial statements |
• | Note B1 – Segment information |
• | Risk factors |
• | Risks related to business activities and industry |
• | Risks related to Ericsson’s financial situation |
• | Legal and regulatory risk |
• | Internal control risk |
• | Environmental, social and governance risk |
• | Corporate Governance Report |
• | Regulation and compliance |
Company |
Reg. No. |
Domicile |
Percentage of ownership |
Par value in local currency, million |
Carrying value, SEK million |
|||||||||||||||
Subsidiary companies |
||||||||||||||||||||
Ericsson AB |
556056-6258 |
Sweden | 100 | 50 | 20,731 | |||||||||||||||
Ericsson Shared Services AB |
556251-3266 | Sweden | 100 | 361 | 2,216 | |||||||||||||||
Ericsson Software Technology Holding AB |
559094-8963 | Sweden | 100 | — | 7 | |||||||||||||||
Datacenter i Rosersberg AB |
556895-3748 | Sweden | 100 | — | 88 | |||||||||||||||
Datacenter i Mjärdevi Aktiebolag |
556366-2302 | Sweden | 100 | 10 | 69 | |||||||||||||||
AB Aulis |
556030-9899 | Sweden | 100 | 14 | 6 | |||||||||||||||
Ericsson Credit AB |
556326-0552 | Sweden | 100 | 5 | 5 | |||||||||||||||
Other (Sweden) |
— | — | 1,142 | |||||||||||||||||
Ericsson Austria GmbH |
Austria | 100 | 4 | 94 | ||||||||||||||||
Ericsson Danmark A/S |
Denmark | 100 | 90 | 216 | ||||||||||||||||
Oy LM Ericsson Ab |
Finland | 100 | 13 | 196 | ||||||||||||||||
Ericsson France SAS |
France | 100 | 21 | 524 | ||||||||||||||||
Ericsson Antenna Technology Germany GmbH |
Germany | 100 | 2 | 21 | ||||||||||||||||
Ericsson Germany GmbH |
Germany | 100 | 1 | 2,844 | ||||||||||||||||
Ericsson Hungary Ltd. |
Hungary | 100 | 1,301 | 120 | ||||||||||||||||
L M Ericsson Limited |
Ireland | 100 | 4 | 34 | ||||||||||||||||
Ericsson Telecomunicazioni S.p.A. |
Italy | 100 | 44 | 3,173 | ||||||||||||||||
Ericsson Holding International B.V. |
The Netherlands | 100 | 222 | 2,983 | ||||||||||||||||
Ericsson A/S |
Norway | 100 | 75 | 114 | ||||||||||||||||
Ericsson Television AS |
Norway | 100 | 161 | 160 | ||||||||||||||||
Ericsson Corporatia AO |
Russia | 100 | 5 | 5 | ||||||||||||||||
Ericsson España S.A. |
Spain | 100 | 28 | 14 | ||||||||||||||||
Ericsson AG |
Switzerland | 100 | — | — | ||||||||||||||||
Ericsson Holdings Ltd. |
United Kingdom | 100 | 328 | 10 | ||||||||||||||||
Other (Europe, excluding Sweden) |
— | — | 972 | |||||||||||||||||
Ericsson Holding II Inc. |
United States | 100 | — | 30,281 | ||||||||||||||||
Ericsson Smart Factory Inc. |
United States | 100 | — | 191 | ||||||||||||||||
Companía Ericsson S.A.C.I. |
Argentina | 95 1) |
193 | 99 | ||||||||||||||||
Ericsson Canada Inc. |
Canada | 100 | — | 51 | ||||||||||||||||
Belair Networks |
Canada | 100 | 108 | 170 | ||||||||||||||||
Ericsson Telecom S.A. de C.V. |
Mexico | 100 | 939 | 576 | ||||||||||||||||
Other (United States, Latin America) |
— | — | 486 | |||||||||||||||||
Teleric Pty Ltd. |
Australia | 100 | 20 | 100 | ||||||||||||||||
Ericsson Ltd. |
China | 100 | 2 | 2 | ||||||||||||||||
Ericsson (China) Company Ltd. |
China | 100 | 65 | 475 | ||||||||||||||||
P.T. Ericsson Indonesia |
Indonesia | 95 | 9,531 | 614 | ||||||||||||||||
Ericsson India Global Services PVT. Ltd |
India | 100 | 291 | 51 | ||||||||||||||||
Ericsson Kenya Limited |
Kenya | 100 | — | 69 | ||||||||||||||||
Ericsson-LG CO Ltd. |
Korea | 75 | 285 | 2,279 | ||||||||||||||||
Ericsson (Malaysia) Sdn. Bhd. |
Malaysia | 100 | 3 | 131 | ||||||||||||||||
Ericsson Telecommunications Pte. Ltd. |
Singapore | 100 | 2 | 1 | ||||||||||||||||
Ericsson South Africa PTY. Ltd |
South Africa | 70 | — | 135 | ||||||||||||||||
Ericsson Taiwan Ltd. |
Taiwan | 90 | 270 | 36 | ||||||||||||||||
Ericsson (Thailand) Ltd. |
Thailand | 49 2) |
90 | 17 | ||||||||||||||||
Other countries (the rest of the world) |
— | — | 501 | |||||||||||||||||
Total |
72,009 |
|||||||||||||||||||
Joint ventures and associated companies |
||||||||||||||||||||
Concealfab Co |
USA | 28 | — | 64 | ||||||||||||||||
Leone Media Inc. |
USA | 49 | 134 | 790 | ||||||||||||||||
Ericsson Nikola Tesla d.d. |
Croatia | 49 | 65 | 330 | ||||||||||||||||
Total |
1,184 |
1) | Through subsidiary holdings, total holdings amount to 100% of Compania Ericsson S.A.C.I. |
2) | Through subsidiary holdings, total holdings amount to 74% of Ericsson (Thailand) Ltd. |
Company |
Reg. No. |
Domicile |
Percentage of ownership |
|||||||||
Subsidiary companies |
||||||||||||
Ericsson Cables Holding AB |
556044-9489 |
Sweden | 100 | |||||||||
Emodo Inc. |
United States | 100 | ||||||||||
Ericsson Telekommunikation GmbH |
Germany | 100 | ||||||||||
Ericsson GmbH |
Germany | 100 | ||||||||||
Ericsson Telecommunicatie B.V. |
The Netherlands | 100 | ||||||||||
Ericsson Telekomunikasyon A.S. |
Turkey | 100 | ||||||||||
Ericsson Ltd. |
United Kingdom | 100 | ||||||||||
Creative Broadcast Services Holdings Ltd. |
United Kingdom | 100 | ||||||||||
Ericsson Inc. |
United States | 100 | ||||||||||
Ericsson Wireless Office Inc. |
United States | 100 | ||||||||||
Cradlepoint Inc. |
United States | 100 | ||||||||||
Iconectiv, LLC. |
United States | 83 | ||||||||||
Ericsson Telecomunicações S.A. |
Brazil | 100 | ||||||||||
Ericsson Australia Pty. Ltd. |
Australia | 100 | ||||||||||
Ericsson (China) Communications Co. Ltd. |
China | 100 | ||||||||||
Nanjing Ericsson Panda Communication Co. Ltd. |
China | 51 | ||||||||||
Ericsson Japan K.K. |
Japan | 100 | ||||||||||
Ericsson Communication Solutions Pte Ltd. |
Singapore | 100 |
2021 |
2020 |
2019 |
||||||||||||||||||||||
Sites |
Thousands of sq meters* |
Sites |
Thousands of sq meters* |
Sites |
Thousands of sq meters* |
|||||||||||||||||||
Sweden |
1 | 5 | 1 | 5 | 1 | 5 | ||||||||||||||||||
China |
1 | 13.9 | 1 | 13.9 | 1 | 13.9 | ||||||||||||||||||
Estonia |
1 | 9 | 1 | 9 | 1 | 9 | ||||||||||||||||||
Brazil |
1 | 6.5 | 1 | 6.5 | 1 | 6.7 | ||||||||||||||||||
USA |
1 | 6 | 1 | 6 | 0 | 0 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
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Total |
5 |
40.4 |
5 |
40.4 |
4 |
34.6 |
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|
|
|
|
|
|
|
|
|
|
|
|
* | Floor space in square meters does not include any warehouses or transportation areas. |
** | Test capacity utilization. |
• | Financial Report |
• | Board of Directors’ report |
• | Financial highlights – Capital expenditures |
• | Notes to the consolidated financial statements |
• | Note C2 – Property, plant and equipment |
• | Note C3 – Leases |
• | Risk factors |
• | Legal and regulatory risk |
• | Environmental, social and governance risk |
• | Financial Report |
• | This is Ericsson |
• | Business strategy – Creating long-term value |
• | Business model – Customer focus and technology leadership |
• | Board of Directors’ report |
• | Business in 2021 |
• | Financial highlights |
• | Business results – Segments |
• | Business results – Market Areas |
• | Risk management |
• | Notes to the consolidated financial statements |
• | Note A1 – Significant accounting policies |
• | Note F1 – Financial risk management– Foreign exchange risk |
• | Risk Factors |
• | Five-year summary – Financial information |
• | Five-year summary – Non-Financial information |
• | Alternative performance measures |
• | Financial Report |
• | Board of Directors’ report |
• | Financial highlights – Cash flow |
• | Financial highlights – Financial position |
• | Financial highlights – Seasonality |
• | Financial highlights – Capital expenditures |
• | Notes to the consolidated financial statements |
• | Note B9 – Other current liabilities |
• | Note D2 – Contingent liabilities |
• | Note F1 – Financial risk management |
• | Note F4 – Interest-bearing liabilities |
• | Note H3 – Statement of cash flows |
• | Financial Report |
• | Business Strategy – Creating long-term value |
• | Business model – Customer focus and technology leadership |
• | Board of Director’s - Research and development, patents and licensing |
• | Risk factors – Risks related to business activities and industry |
• | Financial Report |
• | CEO Comment |
• | Board of Directors’ Report |
• | Business in 2021 |
• | Financial highlights – Seasonality |
• | Business results – Segments |
• | Business results – Market Areas |
• | Financial Report |
• | Board of Directors’ report |
• | Financial highlights - Off-balance sheet arrangements |
• | Notes to the consolidated financial statements |
• | Note A1 - Significant accounting policies |
• | Note F1 – Financial Risk Management |
• | Note D2 – Contingent liabilities |
• | Financial Report |
• | Notes to the consolidated financial statements |
• | Note D4 – Contractual obligations |
• | Corporate Governance Report |
• | Members of the Board of Directors |
• | Members of the Executive Team |
Board Diversity Matrix (as of 24 March, 2022) | ||||||||
Country of Principal Executive Offices: | Sweden | |||||||
Foreign Private Issuer | Yes | |||||||
Disclosure Prohibited under Home Country Law | Yes | |||||||
Total Number of Directors | 13 | |||||||
Female |
Male |
Non-Binary |
Did Not Disclose Gender | |||||
Part I: Gender Identity |
||||||||
Directors | 3 | 10 | 0 | 0 | ||||
Part II: Demographic Background |
||||||||
Underrepresented Individual in Home Country Jurisdiction | - | |||||||
LGBTQ+ | - | |||||||
Did Not Disclose Demographic Background | - |
• | Financial Report |
• | Board of Directors’ report |
• | Corporate governance – Remuneration |
• | Guidelines for Remuneration to Group Management |
• | Notes to the consolidated financial statements |
• | Note G1 – Post-employment benefits |
• | Note G2 – Information regarding members of the Board of Directors and Group management |
• | Note G3 – Share-based compensation |
• | Corporate Governance Report |
• | Remuneration to Board members |
• | Remuneration report |
• | Remuneration report 2021 |
• | Financial Report |
• | Notes to the consolidated financial statements |
• | Note G2 – Information regarding members of the Board of Directors and Group management– Comments to the table |
• | Corporate Governance Report |
• | Board of Directors – Composition of the Board of Directors and diversity |
• | Committees of the Board of Directors – Audit and Compliance Committee |
• | Committees of the Board of Directors – Remuneration Committee |
• | Financial Report |
• | Board of Directors’ report |
• | Financial Highlights – Employees |
• | Notes to the Consolidated financial statements |
• | Note G4 – Employee Information |
• | Five-year summary – Financial information - Statistical data, year-end |
• | Five-year summary – Non-financial information - Statistical data, year-end |
2021 |
2020 |
2019 |
||||||||||
South East Asia, Oceania and India |
26,369 | 25,869 | 24,559 | |||||||||
North East Asia |
13,091 | 13,944 | 13,783 | |||||||||
North America |
10,344 | 10,175 | 9,643 | |||||||||
Europe and Latin America 1) |
47,064 | 46,580 | 47,135 | |||||||||
Middle East and Africa |
4,454 | 4,256 | 4,297 | |||||||||
|
|
|
|
|
|
|||||||
Total |
101,322 |
100,824 |
99,417 |
|||||||||
|
|
|
|
|
|
|||||||
1) Of which in Sweden |
14,183 |
13,173 |
12,730 |
• | Financial Report |
• | The Ericsson share - Shareholders |
• | Notes to the consolidated financial statements |
• | Notes G2 – Information regarding members of the Board of Directors and Group Management |
• | Corporate Governance Report |
• | Members of the Board of Directors |
• | Members of the Executive Team |
• | Remuneration report |
• | Remuneration report 2021 |
• | Financial Report |
• | The Ericsson Share - Shareholders |
• | Corporate Governance Report |
• | Governance structure - Ownership structure |
• | Financial Report |
• | Notes to the consolidated financial statements |
• | Note H4 – Related party transactions |
• | Financial Report |
• | Board of Directors’ report |
• | Legal proceedings |
• | Parent Company – Proposed disposition of earnings |
• | Consolidated financial statements |
• | Notes to the consolidated financial statements |
• | Reports of independent registered public accounting firm |
• | Five-year summary – Financial information - Statistical data, year-end |
• | Financial Report |
• | Board of Directors’ report |
• | Material contracts |
• | any gain realized on the sale or other disposition of ADSs or Class B shares; or |
• | any other “excess distribution” made to you (generally, any distributions to you in respect of ADSs or Class B shares during a single taxable year that are, in the aggregate, greater than 125% of the average annual distributions received by you in respect of ADSs or Class B shares during the three preceding taxable years or, if shorter, your holding period for ADSs or Class B shares). |
• | the gain or any other excess distribution would be allocated ratably over your holding period for ADSs or Class B shares; |
• | the amount allocated to the taxable year in which the gain or excess distribution was realized and any year before we became a PFIC would be taxable as ordinary income; |
• | the amount allocated to each prior year, other than the current year and any taxable year prior to the first taxable year in which we were a PFIC, would be subject to tax at the highest applicable marginal tax rate in effect for each such year; and |
• | an interest charge would be imposed. |
• | Financial Report |
• | Board of Directors’ report |
• | Risk management |
• | Notes to the consolidated financial statements |
• | Note F1 – Financial risk management |
• | Financial Report |
• | Board of Directors’ report |
• | Risk management |
• | Notes to the consolidated financial statements |
• | Note F1 – Financial risk management |
• | Corporate Governance Report |
• | Management |
• | Risk management |
Service |
Rate |
By whom paid | ||||
1) | Deposit of shares and issuance of receipts |
Up to USD 5 per 100 American Depositary Shares or fraction thereof |
Party to whom receipts are issued | |||
2) | Delivery of deposited shares against surrender of receipts |
Up to USD 5 per 100 American Depositary Shares or fraction thereof |
Party surrendering receipts | |||
3) | Distribution of Cash Dividends and Cash Proceeds processing |
Up to USD 3 per 100 American Depositary Shares |
All holders of American Depositary Shares | |||
4) | Administration of the ADSs |
Up to USD 3 per 100 American Depositary Shares per annum |
All holders of American Depositary Shares |
• | Corporate Governance Report |
• | Internal control over financial reporting – Disclosure controls and procedures |
• | Corporate Governance Report |
• | Internal control over financial reporting – Internal control over financial reporting |
• | Corporate Governance Report |
• | Committees of the Board of Directors |
• | Audit and Compliance Committee – Members of the Audit and Compliance Committee |
• | Corporate Governance Report |
• | Regulation and Compliance – Code of business ethics |
• | General pre-approval – certain services regarding taxes, transactions, risk management, business improvement, attestation and accounting services and the so called general services (other than prohibited services) have received general pre-approval by the Audit and Compliance Committee, provided that the estimated fee for each project does not exceed SEK 1 million. The external auditor must advise the Audit and Compliance Committee with a quarterly summary of ongoing projects related to audit and non-audit services and an annual report of fees and expenses for all audit and non-audit services. |
• | Specific pre-approval – all other non-audit services and services subject to general pre-approval exceeding SEK 1 million must receive specific pre-approval. The external auditor submits an application in writing to the Parent Company for final approval by the Audit and Compliance Committee, including a statement as to whether, in the view of the external auditor, the contemplated services are consistent with applicable rules on their independence. The Audit and Compliance Committee Chairman has the delegated authority for specific pre-approval in between Committee meetings, provided that the estimated fee in each case does not exceed SEK 2.5 million. The Chairman reports any pre-approval to the Audit and Compliance Committee at its next meeting. |
• | Employee representatives are appointed to Ericsson’s Board of Directors and serve on Committees (including the Audit and Compliance Committee and the Remuneration Committee) in accordance with Swedish law. |
• | Employee representatives on the Ericsson Board and committees may attend all meetings of the Board and committees on which they serve (including those of the Audit and Compliance Committee and the Remuneration Committee) in accordance with Swedish law. |
• | In accordance with Swedish market practices, the Nomination Committee is not fully comprised of Board members. In addition to the Chair of the Board, representatives of the four largest shareholders are members of the current Nomination Committee of Ericsson. |
• | The determination regarding independence of Board members is made by the Nomination Committee (instead of the Board) prior to the Annual General Meeting of Shareholders (“AGM”). Before the AGM 2021, the Nomination Committee determined that the following Board members were independent under all applicable independence requirements, including the NASDAQ New York rules: Jon Fredrik Baksaas, Jan Carlson, Nora Denzel, Eric A. Elzvik, Kurt Jofs and Kristin S. Rinne. When appointing members to the committees of the Board, the Board makes determinations regarding committee member independence. |
• | The Board holds non-executive directors’ sessions but does not have regularly scheduled meetings with only independent directors present. |
• | Under applicable Swedish rules, Ericsson is not required to publicly disclose the material terms of all agreements and arrangements between its directors or nominees for director and any person or entity (other than Ericsson) relating to compensation or other payment in connection with such person’s candidacy or service as a director of the company. |
• | The external auditor is elected by the shareholders and is proposed by the Nomination Committee upon recommendation from the Audit and Compliance Committee. |
• | NASDAQ New York rules applicable to US companies require the consideration of six factors relating to the independence of compensation consultants, legal counsel or other advisers retained by compensation or remuneration committees. Consistent with Swedish practices, the Remuneration Committee’s procedures addressing independence of advisers do not expressly require the consideration of those six factors. |
• | Ericsson does not solicit proxies for shareholder meetings, which is in accordance with Swedish practices and rules. However, the Board may collect proxies in accordance with the Articles of Association. |
• | There are no minimum quorum requirements for shareholder meetings under Swedish law, except under certain limited circumstances. Certain resolutions requiring special quorums and majorities are described under Memorandum and Articles of Association. |
• | Some of the requirements addressed by NASDAQ New York rules are included in the Swedish Corporate Governance Code or the work procedure for the Board instead of committee charters. The work procedure establishes the attribution of various responsibilities among the Board, its committees and the President and CEO. The work procedure for the Board is reviewed, evaluated and amended as required or appropriate, and adopted by the Board at least once a year. |
• | Consolidated income statement and Consolidated statement of comprehensive income |
• | Consolidated balance sheet |
• | Consolidated statement of cash flows |
• | Consolidated statement of changes in equity |
• | Notes to the consolidated financial statements |
• | Reports of independent registered public accounting firm (Deloitte PCAOB Id: |
Exhibit Number |
Description | |
1 |
||
2.1 |
||
2.2 |
||
2.3 |
||
4.1 |
||
6 |
See “Financials – Notes to the consolidated financial statements – Note A1—Significant accounting policies” of the 2021 Swedish Annual Report (adjusted version) | |
7 |
For definitions of certain ratios used in this report, see the section of the 2021 Swedish Annual Report (adjusted version) entitled “Financial Terminology” | |
8 |
See Item 4.C. Organizational Structure | |
11 |
Code of Ethics (amended June 2021, available on our website at https://www.ericsson.com/en/about-us/corporate-governance/code-of-ethics) | |
12.1 |
||
12.2 |
||
13.1* |
||
13.2* |
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15.1** |
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15.2 |
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15.3 |
||
101** |
XBRL Instance Document and related items |
Exhibit Number |
Description | |
101.INS*** |
Inline XBRL Instance Document. The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |
101.SCH*** |
Inline XBRL Taxonomy Extension Schema Document. | |
101.CAL*** |
Inline XBRL Taxonomy Extension Calculation Linkbase Document. | |
101.DEF*** |
Inline XBRL Taxonomy Definition Linkbase Document. | |
101.LAB*** |
Inline XBRL Taxonomy Extension Label Linkbase Document. | |
101.PRE*** |
Inline XBRL Taxonomy Extension Presentation Linkbase Document. | |
104 |
Cover Page Interactive Data File (embedded within the inline XBRL document). |
* | This certification will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. §78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference. |
** | Certain of the information included in Exhibit 15.1 is incorporated by reference into this 2021 Form 20-F, as specified elsewhere in this report, in accordance with Rule 12b-23(a)(3) of the Securities Exchange Act of 1934, as amended. With the exception of the items so specified, the 2020 Swedish Annual Report is not deemed to be filed as part of this 2021 Form 20-F. |
*** | In accordance with Rule 406T(b)(2) of Regulation S-T, such XBRL information will be furnished and not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, will be deemed not filed for purposes of Section 18 of the Exchange Act of 1934, as amended, and otherwise will not be subject to liability under those sections. |
TELEFONAKTIEBOLAGET LM ERICSSON | ||
By: |
/s/ JONAS STRINGBERG | |
Name: |
Jonas Stringberg | |
Title: |
Head of Group Controlling and External Reporting | |
By: |
/s/ CARL MELLANDER | |
Name: |
Carl Mellander | |
Title: |
Executive Vice President and Chief Financial Officer |