PC16. Proposed disposition of earnings

The Board of Directors and President declare that the consolidated financial statements 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 position and results of operations. The Parent company’s annual accounts have been prepared in accordance with generally accepted accounting principles in Sweden and give a true and fair view of the Parent company’s position and results of operations. The statutory Board of Directors’ Report provides a fair review of the Parent company’s and Group’s operations, position and results of operations and describes material risks and uncertainties facing the Parent company and the companies included in the Group.