PC15. Proposed disposition of earnings

The Board of Directors and President declare that the combined financial statements that comprise the consolidated financial statements for the 2017, 2016 and 2015 fiscal years have been prepared in accordance with the International Financial Reporting Standards adopted by the EU and that disclosures herein give a true and fair view of the Group’s financial position and results of operations. The Parent Company’s financial statements have been prepared in accordance with generally accepted accounting principles in Sweden and give a true and fair view of the Parent Company’s financial position and results of operations. The statutory Board of Directors’ Report provides a fair review of the Parent Company’s and Group’s operations, financial position and results of operations and describes material risks and uncertainties facing the Parent Company and the companies included in the Group.