Accounting principles
From Ratos Interim report Q1 2023
Ratos’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and associated interpretations (IFRIC), as endorsed by the EU. This interim report was prepared in accordance with IAS 34, Interim Financial Reporting, and applicable provisions in the Swedish Annual Accounts Act. The parent company also applies RFR 2 Accounting for Legal Entities.
As of 1 January 2023, Ratos has changed the presentation of its cash flow statement to harmonise its reporting against comparable companies. The difference entails that, as of 1 January 2023, interest rates and other incoming and outgoing financial payments are classified as operating activities rather than investing and financing activities, as was previously the case. The operation key figure “Cash flow from operations” has been replaced with “Cash flow from operating activities” in the tables for the Group and the business areas. All comparative figures have been changed in accordance with this amendment, and in all other respects, the reporting and measurement principles are unchanged compared with those applied in Ratos’s 2022 Annual Report. The new and revised IFRS standards which came into force in 2023 have not had any material effect on the Ratos Group’s financial statements.
Amounts are presented in SEK million (SEKm) unless otherwise stated. Rounding may apply in tables and calculations, which means that the stipulated total amounts are not always an exact amount of the rounded amounts.
Alternative performance measures*
To facilitate comparison between periods and enable follow-up of ongoing earnings and development in the company portfolio, Ratos presents some financial information, which is not defined in IFRS. Related information contains a description of these key ratios as well as a reconciliation / bridge between alternative key ratios used in Ratos's financial reports and the closest IFRS measures.
*) Reconciliation of alternative performance measures can be found in respectively period's interim report.
