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AAK Annual Report 2015

Comments by Melker Schörling, Chairman of the Board............... 2 Comments by Arne Frank, CEO..................................................... 4 AAK’s vision.................................................................................... 6 AAKtion.......................................................................................... 7 The business model – global provider of value-adding solutions... 8 Business Area Food Ingredients.................................................. 12 Business Area Chocolate & Confectionery Fats........................... 14 Business Area Technical Products & Feed................................... 18 Regional markets......................................................................... 20 Risks ............................................................................................ 22 Employees.................................................................................... 24 Responsible growth...................................................................... 26 Board of Directors........................................................................ 28 Executive Committee................................................................... 30 AAK Glossary............................................................................... 32 Directors’ Report........................................................................... 35 Consolidated Income Statement.................................................. 39 Consolidated Statement of Comprehensive Income.................... 39 Consolidated Balance Sheet........................................................ 40 Consolidated Changes in Shareholders’ Equity........................... 42 Consolidated Cash Flow Statement............................................. 43 Income Statement – Parent Company......................................... 44 Statement of Comprehensive Income – Parent Company........... 44 Balance Sheet – Parent Company............................................... 45 Changes in Shareholders’ Equity – Parent Company.................. 46 Cash Flow Statement – Parent Company.................................... 47 Notes............................................................................................ 48 Corporate Governance Report..................................................... 77 Auditor’s report............................................................................. 83 The AAK share............................................................................. 84 Definitions..................................................................................... 86 Financial Calendar, Annual General Meeting............................... 87 Contents 1


AAK Annual Report 2015
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