Annual Report 2016 Solör Bioenergi Holding Ab (Publ)
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ANNUAL REPORT 2016 SOLÖR BIOENERGI HOLDING AB (PUBL) 1 Table of content Board of Directors’ Report ...................................................................................................................................... 4 Consolidated statement of profit or loss .............................................................................................................. 14 Consolidated statement of other comprehensive income ................................................................................... 15 Consolidated statement of financial position ....................................................................................................... 16 Consolidated statement of cash flows .................................................................................................................. 18 Consolidated statement of changes in equity ....................................................................................................... 19 Group notes .......................................................................................................................................................... 20 Note 1: Accounting policies............................................................................................................................... 20 Note 2: Information regarding group companies ............................................................................................. 31 Note 3: Significant judgements and estimates ................................................................................................. 33 Note 4: Operating segments ............................................................................................................................. 35 Note 5: Other operating income ....................................................................................................................... 36 Note 6: Raw materials and cost of goods sold .................................................................................................. 36 Note 7: Other operating expenses .................................................................................................................... 36 Note 8: Employees and personnel expenses .................................................................................................... 37 Note 9: Related party transactions ................................................................................................................... 39 Note 10: Financial items .................................................................................................................................... 40 Note 11: Tax ...................................................................................................................................................... 40 Note 12: Intangible assets ................................................................................................................................. 41 Note 13: Property, plant and equipment .......................................................................................................... 41 Note 14: Lease arrangements ........................................................................................................................... 42 Note 15: Impairment testing of goodwill .......................................................................................................... 43 Note 16: Impairment of property, plant and equipment .................................................................................. 45 Note 17: Financial risk management and capital structure .............................................................................. 47 Note 18: Classification of financial assets and liabilities ................................................................................... 50 Note 19: Inventories ......................................................................................................................................... 51 Note 20: Accounts receivable ........................................................................................................................... 51 Note 21: Accrued income .................................................................................................................................. 52 Note 22: Cash and cash equivalents ................................................................................................................. 52 Note 23: Share capital, information regarding shareholders and dividend ...................................................... 53 Note 24: Pledged assets and contingent liabilities ........................................................................................... 54 Note 25: Subsequent events ............................................................................................................................. 54 Parent company’s income statement ................................................................................................................... 56 Parent company’s other comprehensive income ................................................................................................. 56 Parent company’s balance sheet .......................................................................................................................... 57 2 Parent company’s statement of cash flows .......................................................................................................... 59 Parent company’s statement of changes in equity ............................................................................................... 60 Parent company’s notes........................................................................................................................................ 61 Note 1: Parent company’s accounting principles .............................................................................................. 61 Note 2: Information regarding parent company ............................................................................................... 62 Note 3: Significant judgements and estimates ................................................................................................. 62 Note 4: Net sales ............................................................................................................................................... 63 Note 5: Employees and personnel expenses .................................................................................................... 63 Note 6: Other external costs ............................................................................................................................. 64 Note 7: Profit or loss from participation in group companies .......................................................................... 65 Note 8: Interest income and similar profit items .............................................................................................. 65 Note 9: Interest expenses and similar loss items .............................................................................................. 65 Note 10: Appropriations ................................................................................................................................... 65 Note 11: Tax on profit or loss for the year ........................................................................................................ 65 Note 12: Intangible assets ................................................................................................................................. 66 Note 13: Property, plant and equipment .......................................................................................................... 66 Note 14: Participation in group companies ...................................................................................................... 66 Note 15: Receivables from group companies ................................................................................................... 67 Note 16: Accrued income and prepaid expenses.............................................................................................. 67 Note 17: Cash and cash equivalents ................................................................................................................. 67 Note 18: Number of shares, share capital and information regarding shareholders ....................................... 68 Note 19: Accrued expenses and deferred income ............................................................................................ 68 Note 20: Financial instruments and risk management ..................................................................................... 68 Note 21: Lease commitments ........................................................................................................................... 70 Note 22: Related party transactions ................................................................................................................. 71 Note 23: Pledged assets and contingent liabilities ........................................................................................... 72 Note 24: Subsequent events ............................................................................................................................. 72 Note 25: Profit or loss for the year and appropriations of earnings ................................................................. 72 Auditor’s report ................................................................................................................................................