Net borrowings

SEKm Dec. 31, 2011 Dec. 31, 2010
Borrowings 14,206 12,096
Liquid funds 7,839 12,805
Net borrowings 6,367 –709
Net debt/equity ratio 0.31 –0.03
Equity 20,644 20,613
Equity per share, SEK 72.52 72.41
Return on equity, % 10.4 20.6
Return on equity, excluding    
 items affecting comparability, % 10.8 24.4
Equity/assets ratio, % 30.1 33.9