Accounting Principles

Securitas’ consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the European Union (EU), the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s standard RFR 1 Supplementary Accounting Rules for Groups.

Basis for preparation

The consolidated financial statements have been prepared in accordance with the historical cost convention method except where a fair value measurement is required according to IFRS. Examples of assets and liabilities measured at fair value are financial assets or financial liabilities (including derivatives) at fair value through
profit or loss and plan assets related to defined benefit pension plans.

Estimates and judgments

The preparation of financial reports requires the Board of Directors and Group Management to make estimates and judgments. Estimates and judgments will impact both the statement of income and the balance sheet as well as disclosures such as contingent liabilities. Actual outcome may differ from these judgments under different assumptions or conditions.

Adoption and impact of new and revised IFRS for 2015

None of the published standards and interpretations that are mandatory for the Group's financial year 2015 has had any impact on the Group's financial statements.

Introduction and effect of new and revised IFRS that are not yet effective and have not been early adopted by Securitas

None of the published standards and interpretations that are mandatory for the Group's financial year 2016 is assessed to have any impact on the Group's financial statements.
The effect on the Group's financial statements from standards and interpretations that are mandatory for the Group's financial year 2017 or later remain to be assessed. The future standards that mainly may impact the Group’s financial statements are IFRS 9 Financial instruments and IFRS 15 Revenue from Contracts with Customers, expected to come into force on January 1, 2018, and IFRS 16 Leases, expected to come into force on January 1, 2019. These standards have not yet been endorsed by the EU.

Click on this link for complete accounting principles in the Annual Report 2015

 

 

Investor relations contact:
Micaela Sjökvist
Head of Investor Relations
Phone: +46 (0)104703013
Cell phone: +46 (0)761167443
Fax: +46 (0)104703122 
micaela.sjokvist@securitas.com