56 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012 Note 1 G ener al corpor ate information 75 Note 2 Accountin g principles 75 Note 3 Defnitions calculation of k e y r atios and e x chan g e r ates 82 Note 4 Critical es timates and jud gments 84 Note 5 Ev ents after the balance sheet date 85 Note 6 Financial risk mana g ement 85 Note 7 T r ansactions with related parties 91 Note 8 R emuner ation to the Boar d of Director s and senior mana g ement 91 Note 9 Se gment reportin g 95 Note 10 Allocation of re v enue 98 Note 11 Oper atin g e xpenses 98 Note 12 Per sonnel 100 Note 13 Depreciation and amortization 101 Note 14 Net fnancial items 101 Note 15 T ax es 101 Note 16 Acquisitions and div es titures of subsidiaries and impairment tes tin g 104 Note 17 G oodwill 109 Note 18 Acquisition related int an g ible assets 109 Note 19 Other int an g ible assets 109 Note 20 T an g ible noncurrent assets 110 Note 21 Shares in associated companies 110 Note 22 Interes t bearin g fnancial noncurrent assets 111 Note 23 Other lon g term receiv ables 111 Note 24 In v entories 111 Note 25 Accounts receiv able 111 Note 26 Other current receiv ables 111 Note 27 Other interes t bearin g current assets 111 Note 28 Liquid funds 111 Note 29 Shareholder s equit y 112 Note 30 Lon g term liabilities e x cludin g pro visions 112 Note 31 Pro visions for pensions and similar commitments 113 Note 32 Other lon g term pro visions 115 Note 33 Short term loan liabilities 116 Note 34 Other current liabilities 116 Note 35 Short term pro visions 116 Note 36 Pled g ed assets 117 Note 37 Contin g ent liabilities 117 Note 38 Financial fv e y ear o v er view 118 Annual Report Report o f the Board o f Direct ors 57 Consolidat ed fnancial s tat ements Consolidated s t atement of income 68 Consolidated s t atement of comprehensiv e income 68 Consolidated s t atement of cash fo w 70 Consolidated balance sheet 72 Consolidated s t atement of chan g es in shareholder s equit y 74 No t e s and comments t o the consolidat ed fnancial s tat ements 75 P arent Compan y fnancial s tat ements Parent Compan y s t atement of income 120 Parent Compan y s t atement of comprehensiv e income 120 Parent Compan y s t atement of cash fo w 120 Parent Compan y balance sheet 121 Parent Compan y s t atement of chan g es in shareholder s equit y 122 No t e s and comments t o the P arent Compan y fnancial s tat ements 123 Note 39 Accountin g principles 123 Note 40 T r ansactions with related parties 124 Note 41 Financial risk mana g ement 124 Note 42 Oper atin g e xpenses and other oper atin g income 126 Note 43 Per sonnel 126 Note 44 Other fnancial income and e xpenses net 126 Note 45 T ax es 127 Note 46 Int an g ible assets 127 Note 47 M achiner y and equipment 127 Note 48 Shares in subsidiaries 128 Note 49 Shares in associated companies 129 Note 50 Prepaid e xpenses and accrued income 129 Note 51 Liquid funds 129 Note 52 Shareholder s equit y 129 Note 53 Lon g term liabilities 129 Note 54 Accrued e xpenses and prepaid income 129 Note 55 Pled g ed assets 129 Note 56 Contin g ent liabilities 129 Signature s o f the Board o f Direct ors 130 A udit or s report 131 Quart erly data 132 The S ecuritas share 134 Financial information and in vitation t o the Annual General Mee ting 136 Securit as Annual R eport 2012 56 The formal annual accounts and the consolidated accounts comprise pa g es 57131