Axactor Annual Report 2016

Note 1 Corporate Information 31 Note 2 Summary of significant Accounting Principles 31 Note 3 Financial risk management objectives and policies 36 Note 4 Critical accounting estimates and judgements in terms of accounting policies 38 Note 5 Segment reporting 41 Note 6 Employees, Salaries and other Compensations 42 Note 7 Key Management Compensation 43 Note 8 Other operating expenses 43 Note 9 Commitments and leases 44 Note 10 Financial Items 45 Note 11 Income tax and tax assets and liability 45 Note 12 Earnings per share 46 Note 13 Intangible assets 47 Note 14 Impairment testing of intangible assets with an in-definite life time 48 Note 15 Tangible assets 49 Note 16 Purchased debt Portfolios 49 Note 17 Shares and participations in subsidiaries 50 Note 18 Other non-current financial assets 51 Note 19 Other short term assets 51 Note 20 Cash and cash equivalents 52 Note 21 Issued shares, share capital and reserves 52 Note 22 Share based Payment 54 Note 23 Borrowings and other interest bearing debt 55 Note 24 Pension liability 56 Note 25 Other long-term liabilities 57 Note 26 Other current liabilities 57 Note 27 Discontinued Operation 58 Note 28 Transaction with related parties 59 Note 29 Purchase price allocations 59 Note 30 Subsequent events 61 Summary of Notes to the Consolidated Financial Statements