ANNUAL REPORT 2016 FINANCIAL S TAT E M E N T S KID ASA 2016 CONTENTS Financial highlights 2016.4 About KID.7 Company facts.8 Historical milestones.8 Letter from the CEO.10 Management report.12 Nationwide presence.18 At a glance 2016.19 Corporate social responsibility.20 Corporate governance.26 Board of directors’ report.31 Consolidated financial statement.36 Notes to the consolidated financial statement.43 Parent company financial statement.79 Notes to the parent company financial statement.84 Independent auditor’s report.90 Financial calendar.97 DISCLAIMER: This report includes forward-looking statements which are based on our current expectations and projections about future events. All statements other than statements of historical facts included in this report, including statements regarding our future financial position, risks and uncertainties related to our business, strategy, capital expenditures, projected costs and our plans and objectives for future operations, including our plans for future costs savings and synergies may be deemed to be forward-looking statements. Words such as “believe”, “expect”, “anticipate”, “may”, “assume”, “plan”, “intend”, “will”, “should”, “estimate”, “risk” and similar expressions or the negatives of these expressions are intended to identify forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forwardlooking statements. In addition any forward-looking statements are made only as of the date of this notice, and we do not intend and do not assume any obligation to update any statements set forth in this notice. © Kid ASA
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