Table of Contents 1 90

Axactor Annual Report 2017

Key figures 2017 3
Highlights of the year 4
Letter from the CEO 5
Board of Directors 6
Management 8
Shareholder information 12
Responsibility Statement 14
Report of the Board of Directors 16
Axactor AB Group & Parent Company 23
Consolidated Statement of Profit and 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 30
Summary of Notes to the Consolidated Financial Statements 30
Note 1 Corporate Information 31
Note 2 Summary of significant Accounting Principles 31
Note 3 Financial risk management objectives and policies 37
Note 4 Critical accounting estimates and judgements in terms of accounting policies 39
Note 5 Segment reporting 42
Note 6 Employees, Salaries and other Compensations 44
Note 7 Key Management Compensation 45
Note 8 Other operating expenses 46
Note 9 Commitments and leases 47
Note 10 Financial Items 48
Note 11 Income tax calculation 48
Note 12 Earnings per share 49
Note 13 Intangible assets 50
Note 14 Impairment testing of intangible assets with an indefinite life time 51
Note 15 Tangible assets 52
Note 16 Purchased debt Portfolios 53
Note 17 Shares and participations in subsidiaries 54
Note 18 Other non-current financial assets 55
Note 19 Stock of secured Assets REO's 55
Note 20 Other short-term assets 55
Note 21 Cash and cash equivalents 56
Note 22 Issued shares, share capital and reserves 57
Note 23 Share based Payment 58
Note 24 Borrowings and other interest-bearing debt 60
Note 25 Other non-current liabilities 61
Note 26 Pension liability 61
Note 27 Other current liabilities 63
Note 28 Transactions with related parties 63
Note 29 Purchase Price Allocations 64
Note 30 Pledged Assets 66
Note 31 Subsequent Event 66
Parent Company Income Statement 68
Parent Company Financial Statement 69
Parent Company Statement of Changes in Equity 70
Parent Company Statement of Cash Flow 71
Notes to the Parent Company Financial Statements 72
Summary of Notes Parent Company 72
Note 1 Corporate Information 73
Note 2 Summary of significant accounting policies 73
Note 3 Other operating income 73
Note 4 Other operating expenses 74
Note 5 Financial items 74
Note 6 Taxes 75
Note 7 Investments in subsidiaries 75
Note 8 Loans and receivables to group companies 76
Note 9 Other long-term receivables 76
Note 10 Other Current Assets 77
Note 11 Cash and Cash equivalents 77
Note 12 Proposed allocation of the company's result 77
Auditor’s report 78
Report on Corporate Governance 82
Auditor’s report on the Corporate Governance report 87
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