Accounting policies

Novedo's key accounting and valuation principles for preparing financial statements are summarized in Note 1, Accounting policies, and Note 2, Significant estimates and judgements, found in Novedo's Annual and Sustainability Report 2024.

The Group's financial statements have been prepared in accordance with the Annual Accounts Act, the Financial Reporting Board's recommendations, and IAS 34 Interim Financial Reporting. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS).

Preparing financial statements in accordance with IFRS requires management to make certain estimates and judgments regarding the application of the entity's accounting policies. These estimates and judgments can impact the reported amounts for assets, liabilities, income, and expenses. Actual amounts may differ from these estimates. Estimates and their underlying assumptions are analysed on an ongoing basis. Any changes to estimates and assessments are reported as forward-looking.

Unless otherwise stated, amounts are in SEK for the Group and the Parent Company.