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
BOARD OF DIRECTORS' REPORT review of LFV’s enviro
nment objectives has commenced and will be developed in 2018. During the year the so called Free Route Airspace, FRA, has been increased further. North European Free Route Airspace Programme, NEFRA, which commenced in 2013 is now completed. From 25 May 2017, the airspace in six countries has been opened for Free Route Airspace since Norway joined the FRA, which was established between the Danish-Swedish airspace and Estonia, Finland and Latvia. Free Route Airspaces means that the airlines can plan the shortest and most efficient route, which entail economic advantages and reduced environmental impact. FRA is an important project within the Borealis Alliance, where LFV is one of the nine members. The work continues to establish a common FRA in all members' airspace, thus also include Great Britain, Ireland and Iceland. For a long time, LFV has contributed its en route expertise to airports, regarding environmental permit processes. In 2017 LFV has for example assisted Swedavia with aviation expert knowledge in a number of surveys and projects. An important focus area for LFV is environment analysis, and LFV has developed a environmental monitoring tool for this purpose. Through analysis of millions of radar tracks, weather data and inserts in the traffic control system, LFV may assess the environmental optimisation of traffic flows. Commissioned by Swedavia, LFV has continued the environmental analysis of airports. The studies will, among other things, be used to calculate environmental gains from planned changes in the airspace. Together with the Swedish Transport Agency and the Swedish Defense Research LFV ANNUAL REPORT 2017 Agency (FOI) LFV completed a project in 2017 aiming to improve calculations of emissions in the Swedish airspace. During fall 2017 LFV commenced a preliminary study regarding the prerequisites for introducing a general speed limit for all civil jet traffic sinking into Swedish airports. The primary objective is to decrease the fuel consumption and through this the emissions into air. LFV also trains air traffic controllers how to manage air traffic in an environment-friendly manner. During the year, slightly over 120 air traffic controllers were trained. The direct impact from LFV’s operations mainly comprises consumption of energy for operation and heating of LFV’s premises and the energy consumption from running the operational systems used by LFV for air traffic management, in addition to emissions from business-related travel. LFV is covered by the Act on Energy Audits in Large Enterprises, and in 2017 LFV’s energy consumption is described according to the legal requirements. The description of the total energy consumption comprise all operations at Stockholm Arlanda, Sturup, Sundsvall and the headquarters in Norrköping, broken down into operations, buildings, and transports. Operation amounts to 78 per cent, buildings to 22 per cent and transports is rounded down to 0 per cent of LFV’s energy consumption. The energy audit shows that LFV can intensify the successful energy work further, foremost by focusing on measures related to buildings, through establishing adapted energy objectives, carry out proposed measures and introduce supplementary measurements. The objective is to actively reduce the emissions and the energy consumption at the various levels within LFV. In the case of business-related travel, it involves reducing the amount of trips by replacing physical meetings with virtual ones, and to choose modes of transport with the least usage of fossil fuels. The company cars and staff cars LFV offers are environmentally friendly vehicles. When renting cars, it is routine to choose environmentally friendly vehicles, if possible. In 2017, about 41 (56) per cent of the cars LFV hired were ecocars. The objective is to decrease carbon dioxide emissions from LFV’s business travels during a running five-year period with 10 per cent, with a reduction of 2 per cent per year. The reduction for the year is -6.1 (-3.4) per cent. On the energy side, great importance is attached to reducing energy consumption, but also to change energy sources to renewable energy. In 2017 LFV has only purchased green electricity, and for heating the objective has been that the renewable amount should be as high as possible. After the results of the energy audit a preliminary study has been carried out regarding heat and hot water systems for the building at Sturup, as a basis for further evaluation and measures. The objective is to decrease the energy consumption within LFV during a running five-year period with 10 per cent, with a reduction of 2 per cent per year. The reduction for the year is -5 (-2.6) per cent. The reduction is largely due to LFV no longer renting the building where the operation previously had a printing office. The measures implemented to reduce emissions from LFV’s own operations are 37
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