EXAMPLE PAGE - REPORT - BOOZT - Flipbook - Sida 40
Note 1 - Accounting principles
The report is prepared in accordance with IAS 34
Interim Financial Reporting and the Swedish annual
Accounts Act. Information required by IAS 34 p.16 A
is provided in notes and other sections in the interim
report. The accounting principles and calculations
method have remained unchanged from those applied
in the 2021 Annual Report. Amended or new standards
taking effect from January 1, 2022 have not had any
material impact on the Group's financial reports for the
period.
Important estimates and
assessments
Preparation of the financial reports in accordance with
IFRS requires management to make assessments and
estimates and assumptions that affect application of
the accounting policies and the recognised amounts
of assets, liabilities, income, and expenses. Actual
results may differ from these estimates. Estimates and
assumptions are continually evaluated. Changes in
estimates are recognised in the period the change is
made if the change only affected that period or in the
period the change is made and in future periods if the
change affects both current and future periods.
Important estimates and assessments are disclosed in
the 2021 Annual Report on page 86. Since the Group
has utilised the option to acquire the remaining shares
in Everyday Luxury Feeling A/S (Rosemunde), the
Group no longer recognise a put-option liability towards
non-controlling interest. No other changes have been
made to these estimates or assessments which could
have a material impact on the interim report.
Parent company
For the Parent Company Boozt AB (publ), the financial
statements have been prepared in accordance with the
Swedish Annual Accounts Act and the Swedish Financial
Reporting Board’s recommendation RFR 2 Accounting
for Legal Entities. The reporting currency is SEK and all
figures in the interim report are rounded to the nearest
million with one decimal point.