Holmen (formerly MoDo), is a Swedish group manufacturing and selling newsprint and magazine paper as well as paperboard. Its financial statements are prepared in accordance with IFRS. The 2010 and 2011 financial statements contain the following information on €˜equity€™ for the year ended 31 December 2010 and 2011 (Source: Annual reports 2010 and 2011).

In 2011, the group€™s equity increased by SEK 2,861 million, to SEK 19,773 million. Profit for the year amounted to SEK 3,955 million and the dividend paid was SEK 588 million. Other comprehensive income is additional and consists of items such as revaluation of pension liability, currency revaluation of loans, revaluation of transaction hedges and translation of assets in foreign entities as well as tax on these items. In 2011, other comprehensive income totaled SEK €“ 506 million, which is mainly attributable to the fact that currency hedges with a positive fair value expired during the year.
In 2010, the group€™s equity increased by SEK 408 million, to SEK 16,913 million. Profit for the year amounted to SEK 704 million and the dividend paid was SEK 588 million. Other comprehensive income is additional and consists of items as revaluation of pension liability, currency revaluation of loans, revaluation of transaction hedges and translation of assets in foreign entities as well as tax on these items. In 2010, other comprehensive income reached SEK 292 million (SEK €“ 283 million for Translation reserve, SEK €“ 506 million for hedge reserve and SEK 69 million for Retained earnings), which is mainly attributable to the stronger Swedish Krona against the Euro having a positive impact on the fair value of outstanding transaction.
Required
Prepare a simplified statement of changes in shareholders€™ equity for the years 2010 and 2011 using the format recommended in IAS 1 (see Table 11.3 and the example of Aluminum Corporation of China above).

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Consolidated balance sheet (excerpts) in millions of SEK December 31 2010 2011 2009 Equity Share capital Other contributed capital Reserves Retained earnings including Profit for the year Total equity attributable to the owners of the parent company 4,238 281 -215 15,469 19,773 4,238 281 153 12,241 16,913 4,238 281 -70 12.056 16,505