Table of Contents 1 84

Axactor Annual Report 2016

Key highlights 2016 4
Letter from the CEO 5
Board of Directors 6
Management 8
Shareholder information 10
Responsibility Statement 12
Report of the Board of Directors 14
Axactor AB Group & Parent Company 23
Consolidated Statement of Loss 24
Consolidated Statement of Comprehensive Loss 25
Consolidated Statement of Financial Position 26
Consolidated Statement of Changes in Equity 28
Consolidated Statement of Cash Flow 29
Notes to the Consolidated Financial Statements 31
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
Parent Company Income Statement 62
Parent Company Financial Statement 63
Parent Company Statement of Changes in Equity 64
Parent Company Statement of Cash Flow 65
Notes to the Parent Company Financial Statements 67
Note 1 Corporate Information 67
Note 2 Summary of significant accounting policies 67
Note 3 Other operating income 67
Note 4 Other operating expenses 68
Note 5 Financial item 68
Note 6 Taxes 69
Note 7 Investments in subsidiaries 69
Note 8 Loans and receivables to group companies 70
Note 9 Other Investments 70
Note 10 Cash and Cash equivalents 70
Note 11 Long term liabilities 70
Note 12 Proposed allocation of the company's result 71
Auditor’s report 72
Report on Corporate Governance 76
Auditor’s report on the corporate governance report 81
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