AAK Annual Report 2017

Mikael Ekdahl Fredrik Nilsson Märta Schörling Andreen Marianne Kirkegaard Chairman of the Board CFO, acting CEO and President Member Member Bengt Baron Gun Nilsson Lillie Li Valeur Member Member Member /HLI +nNDQVVRQ Annika Westerlund Employee representative Employee representative Audited and submitted on April 23, 2018 PricewaterhouseCoopers AB Sofia Götmar-Blomstedt Authorized Public Accountant Auditor in charge Linda Corneliusson Authorized Public Accountant 86 The consolidated income statement and balance sheet will be presented to the Annual General Meeting on May 30, 2018 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 the (8 DQG SURYLGH D WUXH DQG IDLU YLHZ RI WKH *URXS¶V ¿QDQFLDO SRVL - tion and results. The annual accounts have been prepared in ac- cordance with generally accepted accounting practices and provide D WUXH DQG IDLU YLHZ RI WKH 3DUHQW¶V ¿QDQFLDO SRVLWLRQ DQG UHVXOWV 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, April 23, 2018