Kinnevik Results Presentation Deck
Intro
Net Asset Value
NOTES FOR THE GROUP
Note 1 Accounting Principles
The consolidated financial statements are prepared in accordance with
the International Financial Reporting Standards (IFRS), as adopted by the
EU. This report was prepared in accordance with the Annual Accounts
Act and IAS 34, Interim Financial Reporting. Information in accordance
with IAS 34, Interim Financial Reporting is provided in the notes as well
as in other places in the interim report.
Dividend in kind is valued at fair value at the time of the distribution in
accordance with IFRIC 17 -"Distributions of Non-cash Assets to Owners"
for the Group. For the Parent Company the dividend is valued at book
value of the assets.
The accounting principles are the same as described in the 2021
Annual Report.
KINNEVIK
Portfolio Overview
Interim Report Q1 2022
Sustainability
Note 2 Risk Management
Kinnevik's management of financial risks is centralized within Kinnevik's
finance function and is conducted based on a Finance Policy established
by the Board of Directors. The policy is reviewed continuously by the
finance function and updated when appropriate in discussion with the
Audit & Sustainability Committee and as approved by the Board of Di-
rectors. Kinnevik has a model for risk management that aims to identify,
control and reduce risks. The output of the model is reported to Audit
& Sustainability Committee and Board of Directors on a regular basis.
Kinnevik is mainly exposed to financial risks in respect of:
• Valuation risk, in relation to negative changes in the value of the
portfolio
• Liquidity and financing risk, in relation to increased cost of financing,
and difficulties in refinancing maturing loans and facilities, ultimately
leading to payment obligations not being met
• Foreign exchange rate risk, in relation to transaction and translation
currency exposure
• Interest rate risk, having an adverse impact on financing costs
For a more detailed description of Kinnevik's risks and uncertainties,
as well as risk management, refer to Note 17 for the Group in the 2021
Annual Report.
Financial Statements
Other
Note 3 Related Party Transactions
Related party transactions for the period are of the same character as
the transactions described in the 2021 Annual Report.
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