AAK Annual Report 2016

Melker Schörling Arne Frank Märta Schörling Andreen Marianne Kirkegaard Chairman of the Board Chief Executive Officer and President Member Member Lillie Li Valeur Leif Håkansson Annika Westerlund Member Employee representative Employee representative Audited and submitted on March 31, 2017 PricewaterhouseCoopers AB Sofia Götmar-Blomstedt Authorized public accountant Auditor in charge 84 The consolidated income statement and balance sheet will be presented to the Annual General Meeting on May 17, 2017 for adoption. 7KH %RDUG RI 'LUHFWRUV DQG WKH &KLHI ([HFXWLYH 2I¿FHU GHFODUH that the consolidated accounts have been prepared in accordance with IFRS International Accounting Standards, as adopted by WKH (8 DQG SURYLGH D WUXH DQG IDLU YLHZ RI WKH *URXS¶V ¿QDQFLDO position and results. The annual accounts have been prepared in accordance with generally accepted accounting practices and SURYLGH D WUXH DQG IDLU YLHZ RI WKH 3DUHQW¶V ¿QDQFLDO SRVLWLRQ DQG results. The Directors’ Report for the Group and Parent provides a true and IDLU YLHZ RI WKH GHYHORSPHQW RI WKH EXVLQHVV RSHUDWLRQV ¿QDQFLDO position and results of the Group and Parent and describes the VLJQL¿FDQW ULVNV DQG XQFHUWDLQW\ IDFWRUV IDFLQJ WKH 3DUHQW DQG WKH companies belonging to the Group. Malmö, March 31, 2017