The accounting policies applied comply with the Swedish Annual Accounts Act and the recommendations and statements of the Swedish Accounting Standards Board and Föreningen Auktoriserade Revisorer (FAR), the professional institute for authorised public accountants in Sweden.
The following valuation and translation policies have been applied in the annual accounts:
Non-current assets
Property, plant and equipment is carried at cost less scheduled depreciation based on the assets’ expected useful economic lives.
Assets are depreciated as follows:
Buildings
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20-50 years
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Cranes
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25-30 years
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Permanent building equipment and installations
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10-20 years
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Work machinery
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7-10 years
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Vehicles and other equipment
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5 years
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Computers
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3-5 years
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Tax depreciation in excess of scheduled depreciation is regarded as accelerated depreciation,
which constitutes an untaxed reserve.
Buildings have no assessed value.
Receivables and liabilities
Receivables have been carried at the amounts at which they are expected to be received.
Receivables and liabilities in foreign currencies have been converted into Swedish kronor at closing-date exchange rates.
The difference between cost and the value at the closing date has been recognised in the income statement.
Cash and cash equivalents
Cash and cash equivalents comprise cash and bank balances and short-term investments.
Foreign branch
The income statement and balance sheet of the CMP's foreign branch have been converted using the current exchange rate method and the translation difference has been recognised in equity.
Notes
The company’s share capital comprises 3,600,000 shares with a nominal value of SEK 33.33 per share.
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Malmö, March 8, 2013
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Anders Rubin
Chairman
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Peter Maskell
Vice Chairman
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Mads Lebech
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Stefan Lindhe
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Michael Soetman
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Åke Svensson
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Lars Weiss
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Søren Balken Petersen
Employee representative
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Kerry Forsberg
Employee representative
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Curt Hansson
Employee representative
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Søren Nyegaard
Employee representative
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Johan Röstin
Chief Executive Officer
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My audit report was submitted on March 8, 2013
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Torbjörn Svensson
Authorised Public Accountant
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