EG7 Transitions to IFRS
The board of directors of EG7 has decided, after a strategic review, that EG7 will change accounting principles from Swedish K3 to IFRS. The transition to IFRS intends to lead to increased transparency and will better reflect the performance of the group. The new accounting standard will be implemented from 1 January 2021 and will therefore be put in effect for the first quarterly report for 2021 that is scheduled to be published on May 25, 2021. The transition will have a significant impact on the result. With the accounting standard Swedish K3, depreciation of goodwill is linear