Year-end report, 2009 2010-02-15 Fouriertransform AB was founded following a decision by the Swedish Parliament in December 2008. The company's objectives are on profitable basis to strengthen the Swedish automotive industry. Fouriertransform is a venture capital company with shareholders' equity of SEK 3 billion. The company commenced its business activities in 2009. The Board of Directors of Fouriertransform was elected at an Extraordinary General Meeting held on April 29, 2009. Lars-Olof Gustavsson, who is the Chairman of Four Seasons Venture Capital AB, was elected Chairman of the company. Per Nordberg, Executive Vice President and CFO of Sandvik was appointed President of the company in October. He took office on 1 January 2010. Fouriertransform's first investment was made in October 2009 when the company decided to invest a total of SEK 60 M in Powercell Sweden AB. Profit for the year after tax amounted to SEK 8.3 M. Total cash flow including investments amounted to SEK 2,966 M after receiving proceeds from a rights issue of SEK 3 billion. Total cash and cash equivalents amounted to SEK 2,965 M at year-end 2009.