ANNUAL REPORT 2017 Director-General's Statement
ANNUAL REPORT 2017 LFV is with you on the travel
ANNUAL REPORT 2017 This is LFV
ANNUAL REPORT 2017 The Year in Brief
ANNUAL REPORT 2017 Operating Environment and Marke
t
ANNUAL REPORT 2017 Strategy and Objectives
ANNUAL REPORT 2017 Customer Focus
ANNUAL REPORT 2017 Environment
ANNUAL REPORT 2017 Aviation Safety
ANNUAL REPORT 2017 Innovation
ANNUAL REPORT 2017 Cooperation and Partnerships
ANNUAL REPORT 2017 Employees
ANNUAL REPORT 2017 Board of Director's Report BOAR
D OF DIRECTORS' REPORT BOARD OF DIRECTORS' REPORT SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR • The number of aircraft movements in the Swedish airspace amounted to 761,766, an increase by 4.9 per cent, compared to the previous peak year of 2016. • The loss after financial items is SEK -78 million. The low interest rate entails a continued increased pension liability which burdens the outcome with net around SEK -70 million. • In 2017 LFV’s air traffic service has reached the highly set targets for availability and capacity with minimal delays. • LFV’s aviation safety objectives have been achieved and the number of incidents to which the the air traffic service contributed is very low. • During the year LFV has worked intensely with Government mandate regarding the planning of the total defense and a strengthened security protection, induced by changes in the security policy situation, which require new and increased demands on LFV, the rest of the transport sector, and society at large. • In May, the area was expanded with straight flight routes, Free Route Airspace (FRA), when Norway joined the previously established FRA in Northern Europe, where Sweden already is a member. Straight flight routes entail financial advantages for the airlines and a reduced environmental impact. • In November, LFV signed an agreement with Swedavia AB to establish remote controlled air traffic services at Kiruna, Umeå, Åre Östersund, and Malmö Airports. The agreement entails that LFV is building a center for remote air traffic services at Arlanda, and invest in technology equipment for remote air traffic services at the center, and at the airports. The transfer to remote air traffic services will be carried out successively and commence in 2019. • LFV is making large investments in infrastructure for increased safety and capacity. During the year, further WAM facilities, Wide Area Multilateration, have been taken into operation as a part of an exchange and modernisation project for a number of LFV’s radar stations. • LFV also invests in expanded radar capacity for monitoring the Baltic sea and to make expanded building in Stockholm possible. LFV ANNUAL REPORT 2017 31
ANNUAL REPORT 2017 Income Statement, Comments on t
he Income Statement
ANNUAL REPORT 2017 Balance Sheet
ANNUAL REPORT 2017 Comments on the balance sheet a
nd funds statements
ANNUAL REPORT 2017 Financing
ANNUAL REPORT 2017 Accounting and Valuation Princi
ples
ANNUAL REPORT 2017 Notes
ANNUAL REPORT 2017 Investments
ANNUAL REPORT 2017 Reporting in Accordance with Pe
rformance Plan
ANNUAL REPORT 2017 Reporting in Accordance with Ap
propriation Directions
ANNUAL REPORT 2017 Risk Management
ANNUAL REPORT 2017 Dividend Proposal
ANNUAL REPORT 2017 Audit Report
ANNUAL REPORT 2017 Board of Directors
ANNUAL REPORT 2017 Group Management
ANNUAL REPORT 2017 Five Years at a Glance
ANNUAL REPORT 2017 Abbreviations and Explanations