Edgeware AB (publ) prepares its consolidated financial statements in accordance with EU-approved International Financial Reporting Standards (IFRS) and with interpretations by the IFRS Interpretations Committee (IFRIC). In addition, the Group applies the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s recommendation RFR 1, Supplementary Accounting Rules for Groups.
In the consolidated financial statements items have been measured at cost, with the exception of certain financial instruments that are measured at fair value. The significant accounting principles applied are described below.
Certain estimates and assessments are made when compiling the accounts that affect the carrying amounts of assets, liabilities, income and expenses.
These estimates and assessments are based on previous experience, know-how, current circumstances and reasonable assumptions about future events. Actual results may differ from these estimates due to the uncertainties inherent in the assumptions made.