Annual statement

Below you will find information about your annual statement

On this page, you will find answers to all your questions about your annual statement.

The annual statement gives the investor information about the securities account.

We send out a statement in January for all securities accounts with holdings as of 31 December or where payments have been made during the year. Investors receive an annual statement for each securities account.

How to read your annual statement

1. Account operator is the bank or securities broker to which the securities account is linked and which the securities account holder should contact on issues concerning the annual statement.

2. Personal identification number, name and securities account number. In those cases where the securities account holder is not taxed in Sweden, and the account operator has registered a TIN (Taxpayer Identification Number), this is shown instead of a personal identification number.

3. Securities holdings in alphabetical order.

4. Information marked with an * has been reported to the Swedish Tax Agency in accordance with our obligations regarding the submission of income statements.

5. Euroclear Sweden has not received any year-end price.

6. Total redemption payments present the securities that have had redemption during the year. For example, debt related instruments and Exchange traded funds (ETF) redemption.

7. Year 2013 we start to report standard income investment fund for ETF:s. Calculation of standard income investment fund: 0,4 % * market value at the first business day 2014.

Who receives the annual statement and what information is shown

In January we send out an annual statement for all securities accounts with holdings as of 31 December or where payments have been made during the year. Investors receive an annual statement for each securities account.

The annual statement gives the investor information about the securities account. The annual statement shows the holdings in each security at year-end, the year-end price (provided we have received this information), payments made during the year, the account operator of the securities account and the securities account number.

The investor should contact the account operator with any questions relating to the securities account. Phone number of the account operator, to whom the securities account is linked, is shown on the annual statement. Using the transaction KKKU, the account operator can update information about the address and telephone number to be used. This information is used by the system when printing out notifications and annual statements.

Securities allocations processed by Euroclear Sweden

Dividend in the form of securities that is processed by us, is reported on the annual statement as a securities allocation. If a securities allocation/dividend has been reported in the annual statement, its value could be an income that is wholly or partially liable to tax. The income statement is submitted by us in those cases where we have a reporting obligation.

Where the securities account holder has been allocated securities that have not been reported on the annual statement, the securities allocations have not been handled by us. The value could be an income that is wholly or partially liable to tax. For a valuation of such securities allocations, see the rules of the Swedish Tax Agency.

Dividend payments not liable to tax

Dividend received by the securities account holder from a company will normally be taxed, regardless of whether the dividend payment is made in cash, securities or some other form. Under certain circumstances, however, the dividend will not be taxed. This applies to the dividend payment of shares of a subsidiary company, under the Lex Asea rules. The annual statement shows the number of distributed shares.

If there is no tax to pay on the dividend, provided that Lex Asea is applicable, this implies that a percentage of the acquisition value of the shares of the parent company is transferred to the shares distributed. The Swedish Tax Agency issues recommendations about the percentage rate of the acquisition value that is to be transferred to the distributed security.

Year-end price and year-end value

We receive the year-end prices from SIX Telekurs Sweden AB, the Nordic Growth Market (NGM) or other regulated marketplaces. In certain cases, we receive the year-end price from the issuer.

Acquisition value

Securities account holders who are to file a tax return and want to know the acquisition value (the purchase price) of the securities sold during the previous year and who do not have a transaction statement, should contact the account operator that made the purchase on their behalf. Note that we do not have information about the acquisition value or the sale proceeds.

Which security types may appear on the annual statement

How tax is withheld on dividend from non-Swedish shares /depository receipts

Swedish preliminary tax on income from capital is normally 30% and applies to private persons resident in Sweden and to Swedish estates. Where non-Swedish securities are concerned, a deduction of preliminary tax on dividend payment is made to a sum that, together with the tax withheld in the foreign country, amounts to 30% of the dividend. Euroclear Sweden therefore withholds preliminary tax depending on the amount of foreign tax so that the total tax deduction is 30%.

Example - Monsanto

For securities account holders resident in Sweden who have shares in for example Monsanto, 15% tax at source in USA is withheld and 15% preliminary tax in Sweden.

Supposing a securities account holder has 200 shares in Monsanto and the dividend per share is SEK 1.89336. This is how the tax is withheld:
15% tax is drawn in USA on the gross amount:

SEK 378.67 - SEK 56.80  = SEK 321.87 

gross in USA - 15% American tax = gross in Sweden

15% preliminary tax is then drawn in Sweden calculated on the gross in USA:

SEK 321.87 - SEK 56.00 = SEK 265.87

gross in Sweden - 15% Swedish tax calculated on the gross in USA, i.e. SEK 378.67. (Swedish preliminary tax is rounded down) = net dividend after tax

Information for securities account holders who have not received an annual statement

In January we distribute an annual statement for all securities accounts with a posted holding on 31 December or where dividend/interest payments have occurred during the year.

This means that if the posted holdings on 31 December were zero and no dividend/interest payments have occurred during the year, we do not send out any annual statement.

Securities account holders who have not received an annual statement in January, although they should have done according to the above, should contact their account operator to check that the address details are correct. An incorrect address is updated by the account operator.

Securities account holders who have not received their annual statement by the end of January can order a copy of the annual statement via their account operator. This is done by the account operator, using the transaction KRUT (key: personal identification number, ÅR).