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Annual report
2018
The year in brief
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CEO comment
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About Azelio
Technology
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Company overview
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Board & Management
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Partner network
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The market
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Shareholder information
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Financials
Administration report
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Financial statements
Group
Equity
Income statement
Balance sheet
Cash flow statement
Parent company
Equity
Income statement
Balance sheet
Cash flow statement
Note 1 - Accounting principles
Note 2 - Estimates and assessments
Note 3 - Net sales by line of business and geographic market
Note 4 - Other operating income
Note 5 - Audit fees and expenses
Note 6 - Employees, employee benefit expenses and fees to the Board of Directors
Note 7 - Operating leases
Note 8 - Income from interests in Group companies
Note 9 - Income from other securities and receivables held as non-current assets
Note 10 - Interest income and similar profit/loss items
Note 11 - Interest expense and similar profit/loss items
Note 12 - Tax on profit for the year
Note 13 - Capitalised development costs
Note 14 - Investments in progress, intangible assets
Note 15 - Leasehold improvements
Note 16 - Equipment, tools, fixtures and fittings
Note 17 - Interests in Group companies
Note 18 - Prepaid expenses and accrued income
Note 19 - Appropriation of profit or loss
Note 20 - Number of shares and quota value
Note 21 - Other provisions
Note 22 - Non-current liabilities
Note 23 - Accrued expenses and deferred income
Note 24 - Pledged assets and contingent liabilities, Group
Note 25 - Pledged assets and contingent liabilities, parent company
Note 26 - Transactions with related parties
Note 27 - Significant events after the closing date
Note 28 - Interest paid and dividend received
Note 29 - Cash and cash equivalents
Note 30 - Other disclosures relating to the cash flow statement Adjustment for non-cash items etc.
Note 31 - Warrants
Note 32 - Definitions of key performance measures
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Board approval
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Group
Equity
Income statement
Balance sheet
Cash flow statement
Parent company
Equity
Income statement
Balance sheet
Cash flow statement
Note 1 - Accounting principles
Note 2 - Estimates and assessments
Note 3 - Net sales by line of business and geographic market
Note 4 - Other operating income
Note 5 - Audit fees and expenses
Note 6 - Employees, employee benefit expenses and fees to the Board of Directors
Note 7 - Operating leases
Note 8 - Income from interests in Group companies
Note 9 - Income from other securities and receivables held as non-current assets
Note 10 - Interest income and similar profit/loss items
Note 11 - Interest expense and similar profit/loss items
Note 12 - Tax on profit for the year
Note 13 - Capitalised development costs
Note 14 - Investments in progress, intangible assets
Note 15 - Leasehold improvements
Note 16 - Equipment, tools, fixtures and fittings
Note 17 - Interests in Group companies
Note 18 - Prepaid expenses and accrued income
Note 19 - Appropriation of profit or loss
Note 20 - Number of shares and quota value
Note 21 - Other provisions
Note 22 - Non-current liabilities
Note 23 - Accrued expenses and deferred income
Note 24 - Pledged assets and contingent liabilities, Group
Note 25 - Pledged assets and contingent liabilities, parent company
Note 26 - Transactions with related parties
Note 27 - Significant events after the closing date
Note 28 - Interest paid and dividend received
Note 29 - Cash and cash equivalents
Note 30 - Other disclosures relating to the cash flow statement Adjustment for non-cash items etc.
Note 31 - Warrants
Note 32 - Definitions of key performance measures
Note 12 – Tax on profit for the year
Reconciliation of effective tax rate
2018
2017
Group
Percent
Amount
Percent
Amount
Profit/loss before tax
-91,845,266
-97,443,281
Tax according to current tax rate for the parent company
22.0%
20,205,959
22.0%
-21,437,522
Tax-deductible items recognised in equity
6.6%
6,100,702
0.0%
-
Other non-deductible expenses
-3.4%
-3,143,182
-0.8%
-779,288
Reversal of previously non-deductible expenses
0.7%
604,912
0.1%
57,042
Increase in tax loss carryforward without corresponding capitalisation of deferred tax
-25.9%
-23,768,390
-21.3%
-20,715,276
Reported effective tax rate
0.0%
-
0.0%
-
2018
2017
Parent company
Percent
Amount
Percent
Amount
Profit/loss before tax
-96,092,507
-94,230,036
Tax according to current tax rate for the parent company
22.0%
21,140,352
-22.0%
-20,730,608
Tax-deductible items recognised in equity
6.3%
6,100,702
0.0%
-
Non-deductible expenses
-3.3%
-3,143,182
-0.8%
-779,288
Reversal of previously non-deductible expenses
0.6%
604,912
0.1%
57,042
Increase in tax loss carryforward without corresponding capitalisation of deferred tax
-25.7%
-24,702,783
-21.2%
-20,008,362
Reported effective tax rate
0.0%
-
0.0%
-
The tax loss carryforward is calculated at SEK 730,967,714 (618,682,334).