Kancera AB's accounting principles are based on the Swedish Annual Accounts Act (1995:1554) and recommendation RFR 2.3 of the Swedish Financial Reporting Board: Accounting for Legal Entities.
RFR 2.3 requires the company to apply all EU-approved IFRS and statements as far as this is possible within the framework of the Swedish Annual Accounts Act and the Swedish Pension Obligations Vesting Act, and with regard to the relationship between accounting and taxation. The recommendation sets out the exceptions and supplements which must be made with regard to IFRS.
Exceptions from IFRS
In accordance with the above, the Company uses IFRS as far as this is possible. The following deviations have been made in accordance with RFR 2.3:
Risk-bearing capital, %
The sum of the equity and deferred tax liabilities as a percentage of the balance sheet total.
Return on equity (ROE)
Return for the period as a percentage of average equity.
Return on capital employed (ROCE)
Return before tax, with the addition of financial expenses, as a percentage of average capital employed.
Return on total capital (ROTC)
Return before tax, with the addition of financial expenses, as a percentage of average balance sheet total.
Operating profit/loss before depreciation and amortisation as a percentage of net revenue.
Equity per share
Equity divided by the number of shares on the reporting date.
Cash flow per share
Cash flow from operating activities divided by the average number of shares.
Tangible fixed assets plus trade debtors plus stock minus trade creditors.
Earnings per share
Return for the period divided by the average number of shares.
Net interest-bearing liabilities
The net value of interest-bearing liabilities minus financial assets including cash and cash equivalents.
Interest coverage ratio
Profit before tax, with the addition of financial expenses excluding exchange losses, divided by financial expenses excluding exchange losses.
Operating profit/loss as a percentage of net revenue.
Interest-bearing liabilities divided by equity.
Balance sheet total reduced by non-interest bearing liabilities.
Equity as a percentage of the balance sheet total.
Profit before tax as a percentage of net sales.