Asset Buyout Partners Annual Report 2020

Asset Buyout Partners at a glance 4
Key locations 5
ESG report 6
The Board of Directors’ report 2020 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 Accounting Principles 20
Note 3 Financial Risk Management 25
Note 4 Capital structure and capital management 28
Note 5 Critical accounting estimates and judgements 28
Note 6 Segment information 30
Note 7 Investments in subsidiaries and changes in group structure 31
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
Financial statementsfor 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
Independent auditor’s report 55
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