Annual Report 2017


General Report

Ericsson Nikola Tesla Group / 8

Annual Report on Group performance / 12

Business responsibilities and activities / 14

Products and services / 15

Sales by markets / 16

Scientific and research activities / 18

Important events / 20

Membership in associations / 22

2017 financial highlights / 23

Financial performance in 2017 / 26

Information for shareholders / 27




Non-Financial Report

Non-Financial Report

Ericsson Nikola Tesla Group - in brief / 32

About the non-financial report / 32

25 years of leadership in sustainable development / 34

Statement by the President / 36

Statement by the Director of Marketing and Communications (incl. CSR) / 37

We contribute to the achievement of global goals / 38

We have a positive impact and mitigate risks / 40

Digital transformation goes on / 42

We create new values together with stakeholders / 44

We are focused on material topics / 46

Business responsibility

Doing business responsibly - every activity matters / 50

Corporate governance / 52

We respect human rights / 58

Our focus is on the right to privacy / 60

Sales process includes the respect for human rights / 61

Zero tolerance for corruption / 62

Responsible sourcing is our priority / 63

Taking care of the employees’ health and occupational safety / 64

It all starts with people / 67

Diversity and inclusion / 70

Our approach to learning / 72

Facts and figures / 73

Environmental responsibility

ICT reduces climate change / 78

Products and services with a positive impact on the environment / 79

We are building a low-carbon future / 80

Environmental impact of our activities / 81

We are closing the cycle - we reduce waste / 82

Education - part of the responsibility towards the environment / 83

Social responsibility

Social responsibility / 86

Education - we are narrowing the digital gap / 87

Partnerships for socioeconomic development / 89

Helping the community / 90

Access to health via technology / 92

Objectives, achievements and indicators

Collaborate with us / 96

Awards and recognitions / 97

Objectives and achievements / 98

Statement on the application of the Code of Corporate Governance / 100

The ten principles of the UN Global Compact / 101

GRI index / 102




Consolidated Financial Statements

Profile of the Parent Company and its subsidiaries (the Group) / 109

Responsibilities of the Management and Supervisory Boards

for the preparation and approval of the annual consolidated

financial statements / 111

Independent Auditor’s Report / 112

Consolidated statement of comprehensive income / 118

Consolidated statement of financial position / 119

Consolidated statement of changes in equity / 121

Consolidated statement of cash flows / 122

Notes to the consolidated financial statements / 124




Financial Statements

Company profile / 171

Responsibilities of the Management and Supervisory Boards

for the preparation and approval of the annual financial

statements / 173

Independent Auditor’s Report / 174

Statement of comprehensive income / 180

Statement of financial position / 181

Statement of changes in equity / 183

Statement of cash flows / 184

Notes to the financial statements / 186



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