Asset Buyout Partners Annual Report 2019

Asset Buyout Partners at a glance	4
Key locations	5
ESG report	6
The Board of Directors’ report 2019	10
Consolidated Financial Statements	14
Consolidated statement of profit and loss and other comprehensive income	15
Consolidated statement of financial position	16
Consolidated statement of changes in equity	18
Consolidated statement of cash flows	19
Notes to the Consolidated Financial Statements	20
Note 1 General information	20
Note 2 Summary of significant Accounting Principles	20
Note 3 Financial Risk Management	25
Note 4 Capital structure and capital management	27
Note 5 Critical accounting estimates and judgements	27
Note 6 Segment information	29
Note 7 Investments in subsidiaries and changes in group structure	30
Note 8 Investment property	32
Note 9 Trade and other current assets	33
Note 10 Cash and short-term deposits	33
Note 11 Paid in equity, shareholders and dividend	34
Note 12 Interest bearing debt and interest rate derivatives	35
Note 13 Trade and other payables	36
Note 14 Provisions and contingent consideration	37
Note 15 Income from rent	37
Note 16 Property related costs and other operating expenses	38
Note 17 Employee benefit expense	38
Note 18 Financial income and expenses	40
Note 19 Income tax and deferred tax	41
Note 20 Supporting information for the cash flow statement	42
Note 21 Leases	43
Note 22 Subsequent events	45
Financial statements for the parent company	46
Income statement	47
Consolidated statement of financial position	48
Cash flow statement	50
Notes to the Financial statements for the parent company	51
Note 1 Accounting principles	51
Note 2 Investments in subsidiaries, associates and joint ventures	51
Note 3 Personnel expenses, number of employees, remuneration, loan to employees	52
Note 4 Tax	52
Note 5 Equity	53
Note 6 Intercompany balances	54
Note 7 Transactions	54
Note 8 Subsequent events	54
Independent auditor’s report	55

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