| SEKm | Dec. 31, 2012 |
Dec. 31, 2011 |
| Borrowings | 13,088 | 14,206 |
| Liquid funds | 7,403 | 7,839 |
| Net borrowings | 5,685 | 6,367 |
| Net debt/equity ratio | 0.29 | 0.31 |
| Equity | 19,824 | 20,644 |
| Equity per share, SEK | 69.28 | 72.52 |
| Return on equity, % | 13.3 | 10.4 |
| Equity/assets ratio, % | 28.8 | 30.1 |
Overview
/ Board of Directors Report and Notes / Report by the Board of Directors for 2012 / Financial position