• About Our Group
• Our Business
• Our Core Values
• Code of Conduct
• Organization
• Corporate Governance
  • Application of the Corp. Governance code
  • Annual General Meeting
  • Board of Directors and Auditors
  • Renumerations
  • Accounting Principles
  • Internal Control
  • Risk Management
  • Policy for Stock Market Information
  • Articles of Association
• Corporate Responsibility
• History
• The World of Trelleborg

Accounting Principles

Basis of preparation
The Trelleborg Group’s financial statements have been prepared in accordance with the Swedish Annual Accounts Act, and the International Financial Reporting Standards (IFRS) and IFRIC interpretations, as approved by the EU. The Group’s financial statements have been prepared in accordance with the cost method, with the exception of certain financial instruments which were valued at fair value.

In the Group’s multi-year summary, data up to and including 2003 was not prepared in accordance with IFRS, but is recognized in accordance with earlier Generally Accepted Accounting policies in Sweden.

The Parent Company applies the same accounting policies as the Group, except in the instances stated below under “Parent Company’s accounting policies.” The differences that arise between the Parent Company and the Group’s accounting policies are attributable to the limited opportunities for the application of IFRS in the Parent Company, primarily as a result of the Swedish Annual Accounts Act.

Read more about Trelleborg's accounting principles in the Annual Report 2010

Read more on IFRS on International Accounting Standards Board's web site:
www.iasb.org