Annual review 1 2018 8 SISÄLLYS Contents Componenta in brief................................................................................................................................................. 3 15 Accounts receivables ....................................................................................................................................................... 51 16 Other short-term receivables and accrued income ...................................................................................... 51 CEO’s review ................................................................................................................................................................ 5 17 Deferred tax assets and liabilities .............................................................................................................................. 52 Report by the Board of Directors...................................................................................................................... 6 18 Investment properties ..................................................................................................................................................... 54 Key figures ..................................................................................................................................................................... 21 19 Assets classified as held for sale ................................................................................................................................ 54 Calculation of key financial figures .................................................................................................................. 22 20 Share capital, share premium reserve and other reserves ....................................................................... 55 21 Capital management ......................................................................................................................................................... 56 Group development ................................................................................................................................................. 23 22 Share-based payment ..................................................................................................................................................... 56 Consolidated financial statements .................................................................................................................. 24 23 Pension obligations and other benefit plans ....................................................................................................... 58 Consolidated income statement .............................................................................................................................. 24 24 Provisions................................................................................................................................................................................. 58 Consolidated statement of comprehensive income ........................................................................ 25 25 Financial risks and instruments ................................................................................................................................... 58 Consolidated statement of financial position ....................................................................................... 26 26 Restructuring debts ........................................................................................................................................................... 62 Cash flow statement .......................................................................................................................................................... 27 27 Other short-term liabilities and accruals ............................................................................................................... 63 Statement of changes in consolidated shareholders’ equity ....................................................... 28 28 Reconciliation of financial liabilities to cash flow statement ..................................................................... 63 29 Finance lease liabilities ...................................................................................................................................................... 64 Notes to the consolidated financial statement .................................................................................... 30 30 Other leases ............................................................................................................................................................................ 65 Accounting principles for the consolidated financial statements ....................................................................... 30 31 Contingent liabilities ........................................................................................................................................................... 65 1 Net sales .................................................................................................................................................................................... 39 32 Related party disclosures ............................................................................................................................................... 66 2 Business acquisitions and business divestments ............................................................................................ 40 33 Events after end of period ............................................................................................................................................. 66 3 Discontinued operations ................................................................................................................................................. 41 4 Other operating income .................................................................................................................................................. 43 Parent company financial statements .......................................................................................................... 67 5 Operating expenses .......................................................................................................................................................... 43 Parent company income statement .......................................................................................................... 67 6 Personnel expenses .......................................................................................................................................................... 44 Parent company balance sheet .................................................................................................................... 68 7 Research and development costs ............................................................................................................................ 44 Parent company cash flow statement ...................................................................................................... 69 8 Depreciation, amortization and write-down of non-current assets ................................................... 44 Parent company accounting principles for the financial statements ...................................... 70 9 Financial income and expenses ................................................................................................................................... 45 Notes to the parent company ........................................................................................................................ 73 10 Income taxes .......................................................................................................................................................................... 45 Signatures for the financial statement and board of directors’ report ...................................... 81 11 Earnings per share .............................................................................................................................................................. 46 12 Intangible assets .................................................................................................................................................................. 47 Auditor’s Report ........................................................................................................................................................ 82 13 Tangible assets ..................................................................................................................................................................... 48 Information for shareholders .............................................................................................................................. 89 14 Inventories ............................................................................................................................................................................... 50 2 Componenta in brief Net sales by market are in 2018 Componenta is an international technology company. Componenta specializes in supplying cast and machined components to its global customers, who are manufacturers of vehicles, machines and equipment. Our business idea is based Other countries Sweden Finland on a deep understanding of our clients’ business. We want to support our clients through the whole process, from design and production 5% 38% 22% all