Grafik 285










Translatorʼs Explanatory Note: the following document is a free translation of the report of the above-mentioned Company. In the event of any discrepancy in interpreting the terminology in Polish version is binding.


Table of contents




Selected standalone financial data

Letter from the President of the Management Board of Arctic Paper S.A.

Description of the business of Arctic Paper

Summary of financial results

Relevant information and factors affecting the financial results and the assessment of the financial standing

Factors affecting the development of the Company

Supplementary information

Statement on the application of the Corporate Governance Rules

Information compliant with the requirements of Swedish regulations concerning corporate governance

Information by the Management Board of Arctic Paper S.A. on selection of the audit firm

Statements of the Management Board

Standalone financial statements

Accounting principles (policies) and additional explanatory notes

1.
General information

2.
Identification of the consolidated financial statements

3.
Composition of the Company’s Management Board

4.
Approval of the financial statements

5.
Investments by the Company

6.
Material values based on professional judgement and estimates

7.
Basis of preparation of the financial statements

8.
Changes to the applied accounting principles

9.
New standards and interpretations that have been published and are not yet effective

10.
Significant accounting principles (policies)

11.
Sales revenues

12.
Other revenues and expenses

13.
Income tax

14.
Earnings (loss) per share

15.
Dividend paid and proposed

16.
Other assets

17.
Trade and other receivables

18.
Cash and cash equivalents

19.
Share capital and reserve capital/other reserves

20.
Purchase of interests in subsidiary entities

21.
Interest-bearing loans and borrowings

22.
Provisions

23.
Trade payables, other liabilities and accruals and differed income and other financial liabilities

24.
Contingent liabilities

25.
Information on related entities

26.
Information on the remuneration of the statutory auditor or entity authorised to audit financial statements

27.
Financial risk management objectives and policies

28.
Financial instruments

29.
Capital management

30.
Employment structure

31.
Reasons for differences between changes resulting from the statement of financial condition and changes resulting from the cash flow statement

32.
Events after the balance sheet date