Significant events after the end of the period
No significant events have taken place after the end of the period.
Transactions with related parties
No transactions took place between BE Group and related parties that had a material impact on the company’s financial position and results.
Annual General Meeting 2018
The Annual General Meeting of BE Group will be held on 26 April 2018, at 3:00 p.m. in Malmö, Sweden. Further information is available on the company’s website.
The Board of Directors proposes that no dividend will be paid for the financial year of 2017.
Proposed composition of the Board
The Nominating Committee has proposed re-election of Board members Petter Stillström, Lars Olof Nilsson, Mikael Sjölund and Jörgen Zahlin and new election of Carina Andersson. It is proposed that Petter Stillström be re-elected as Chairman.
Proposal for election of auditors
Based on the recommendation of the Audit Committee, the Nominating Committee proposes the re-election of the auditing firm Öhrlings PricewaterhouseCoopers AB as the Company’s auditor.
Significant risks and uncertainties
The financial risk exposure is explained in the 2017 Annual Report, which was published in March 2018. No new significant risks or uncertainties have arisen since that date.
The interim report was prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The Parent Company’s interim report is prepared in compliance with the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s recommendation RFR 2 Accounting for Legal Entities.
Refer to the 2017 Annual Report for details of the Group’s accounting principles and definitions of certain terms. The principles applied are unchanged in relation to the Annual Report with addition of the new accounting principles IFRS 9 and IFRS 15 that have entered into effect on January 1, 2018. These have been applied and in accordance with the assessment done during 2017 they have not had any major impact on the financial reporting. The information in the interim report have been adapted to the new standards.
For the new accounting principle, IFRS16, which enter into effect from January 1, 2019, the Group has completed the initial assessment but has not yet concluded the more detailed analysis. The Group will not apply the new standard in advance.