The Board of Directors and the Chief Executive Officer confirm that the annual accounts have been prepared in accordance with accepted accounting standards in Sweden, and that the consolidated accounts have been prepared in accordance with the international accounting standards in Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of July 19, 2002 on the application of international accounting standards. The annual accounts and the consolidated accounts give a true and fair view of the Group’s and Parent Company’s financial position and results of operations.
The Board of Directors’ Report for the Group and the Parent Company gives a true and fair view of the Group’s and the Parent Company’s operations, position and results, and describes significant risks and uncertainty factors that the Parent Company and Group companies face.
The annual accounts and the consolidated statements were approved by the Board of Directors and the Chief Executive Officer on 25 March 2011. The consolidated income statement and statement of financial position, and the income statement and balance sheet of the Parent Company, will be presented for adoption by the Annual General Meeting on 18 May 2011.
Stockholm 25 March 2011
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Mia Brunell Livfors
Non-Executive Director
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David Chance
Chairman of the Board
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Simon Duffy
Non-Executive Director
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Alexander Izosimov
Non-Executive Director
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Michael Lynton
Non-Executive Director
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David Marcus
Non-Executive Director
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Cristina Stenbeck
Non-Executive Director
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Hans-Holger Albrecht
President and
Chief Executive Officer
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Our Audit report was submitted on 28 March 2011
| KPMG AB |
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Ernst & Young AB
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George Pettersson
Authorised Public Accountant |
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Erik Åström
Authorised Public Accountant |