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
At BE Group’s Annual General Meeting, which was held on April 26, 2018, Board members Petter Stillström, Lars Olof Nilsson, Mikael Sjölund and Jörgen Zahlin were re-elected and Carina Andersson was elected as a new Board member. Petter Stillström was also re-elected as Chairman of the Board. The accounting firm Öhrlings PricewaterhouseCoopers AB was re-appointed as auditor for the Company.
The Board’s proposal regarding the appropriation of the company’s earnings was approved by the Meeting and it was decided that no dividend would be paid for the past financial year.
In accordance with the Board’s proposal, the Annual General Meeting also adopted guidelines for remunerations to senior executives.
The Annual General Meeting resolved, in accordance with the proposal of the Board of Directors, to authorize the Board to decide, on one or several occasions up to the Annual General Meeting 2019, on the transfer of the company’s own shares, for the purpose of enabling BE Group to finance minor company acquisitions.
Additional information on the Board members and the Annual General Meeting is available from the company’s website.
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.
In January 2016, IASB published a new leasing standard that will replace IAS 17 Leases and the associated interpretations IFRIC 4, SIC-15 and SIC-27. The standard requires that assets and liabilities attributable to all leases, with a few exceptions, are recognised in the balance sheet. The standard is applicable to financial years that begin on or after January 1, 2019. The group is at present performing a review and analysis of its leasing contracts so as to be able to calculate the quantitative effects of the implementation of IFRS 16 on the financial reports.