CONTENTS
2
10
26
26
28
32
34
39
43
44
48
58
102
116
117
THE PANDORA STORY 2014
BUSINESS STRATEGY
GOVERNANCEANDMANAGEMENT
Corporate governance
Corporate social responsibility
Intellectual capital
Risks
Board of Directors
ExecutiveManagemen
t
SHAREHOLDER INFORMATION
FINANCIAL REVIEW
CONSOLIDATED FINANCIAL STATEMENTS
PARENTCOMPANY FINANCIAL STATEMENTS
MANAGEMENT STATEMENT
INDEPENDENTAUDITOR’S REPORTS
MANAGEMENT’S REVIEW
FINANCIAL STATEMENTS
