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78 • Consolidated financial statements
PANDORA ANNUAL REPORT 2016
The notes are grouped into five sections related to key figures. The notes contain the relevant financial information as well as
a description of accounting policies applied for the topics of the individual notes.
Section 1: Basis of reporting, p. 79
1.1 Basis of reporting, p. 79
Section 2: Results for the year, p. 82
2.1 Revenue, p. 83
2.2 Segment information, p. 84
2.3 Staff costs, p. 86
2.4 Share-based payments, p. 87
2.5 Taxation, p. 90
Section 3: Invested capital and
working capital items, p. 92
3.1 Intangible assets, p. 93
3.2 Property, plant and equipment, p. 97
3.3 Inventories, p. 99
3.4 Trade receivables, p. 100
3.5 Provisions, p. 101
Section 4: Capital structure and
net financials, p. 102
4.1 Share capital, p. 103
4.2 Earnings per share and dividend, p. 104
4.3 Net interest-bearing debt, p. 104
4.4 Financial risks, p. 105
4.5 Derivative financial instruments, p. 108
4.6 Net financials, p. 109
4.7 Other non-cash adjustments, p. 109
Section 5: Other disclosures, p. 110
5.1 Business combinations, p. 111
5.2 Contingent liabilities, p. 115
5.3 Related parties, p. 115
5.4 Fees to independent auditor, p. 116
5.5 Companies in the PANDORA Group, p. 117
5.6 Financial definitions, p. 118
NOTES