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
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
AUDIT REPORT circumstances that may lead to signi
ficant doubts about the LFV’s ability to continue operations. If we conclude that there is a material uncertainty factor, we shall in the audit report draw attention to the disclosures in the annual report concerning the material uncertainty factor and the assessment made or, if such information is insufficient, modify our statements on the annual report. • we evaluate the overall presentation, structure and content of the annual report, including the disclosures, and whether the annual report reproduces the underlying transactions and events in a way that provides a true and fair picture. As part of the audit in accordance with the RRI, we also plan and implement the audit in order to: • collect sufficient and appropriate audit evidence that the material information of financial or non-financial nature, submitted in the directors’ report has been drawn up with the aim of conveying, together with the other parts of the annual report, a true and fair picture of the organisation, based on the regulations. • implement necessary procedures regarding other information to ascertain that this is consistent with the other parts of the annual report and free from material errors, based on our knowledge of LFV. Our communication with senior management encompass matters such as the planned scope and focus of the audit and significant results of the audit, including any significant deficiencies in the internal controls that we identify. REPORT ON OTHER REQUIREMENTS IN ACCORDANCE WITH LAWS AND OTHER STATUTES The senior management’s adherence to applicable regulations concerning the use of appropriations and revenue. Opinion It is the SNAOs understanding, based on our audit of the annual report, that LFV has, in all material respects, used appropriations and revenue in accordance with the purposes determined by the Riksdag and in compliance with the applicable regulations. LFV ANNUAL REPORT 2017 Grounds for the opinion We have carried out the audit in accordance with the ISSAI and the RRI. Our responsibility, according to these standards, is described in more detail in the section entitled Auditor’s responsibility. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for the SNAO’s statements. The Senior management’s responsibility LFV’s senior management are responsible for ensuring that the use of and accounts concerning appropriated funds and revenue take place in accordance with the applicable regulations and the financial terms stated in the appropriation directions and government decisions specific to LFV. Auditor’s responsibility Our responsibility is to carry out the audit in accordance with the ISSAI and the RRI. As per our auditing standards, we have to take into account legal and regulatory compliance and any effects of material digressions from applicable regulations on the financial parts of the annual report. Our responsibility also includes reviewing whether the senior management’s administration complies with the applicable regulations and specific decisions. In addition to the regulations and specific decisions that have a direct impact on the accounts, this also encompasses regulations pertaining directly to the use of funds over which the Riksdag and the Government decide1 . On the basis of the audit performed on the annual report, we submit an opinion concerning LFV’s compliance with these regulations. THE SENIOR MANAGEMENT'S ASSESSMENT OF INTERNAL CONTROLS Opinion Our audit of the annual report has not detected anything that would indicate that senior management have not complied with the Internal Control Ordinance (2007:603) in their assessment of internal controls. Grounds for the opnion We have carried out the audit in accordance with the ISSAI and the RRI. Our responsibility, according to these standards, is described in more detail in the section entitled Auditor’s responsibility. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for the SNAO’s statements. Senior management’s responsibility The Senior Management, in accordance with the Ordinance (2000:605) concerning Annual Reports and Budget Documentation, instructions, appropriation directions and government decisions specific to LFV, is responsible for providing an opinion concerning the internal controls at LFV. Auditor’s responsibility Our responsibility is to express an opinion regarding the annual report, based on our audit. We have carried out the audit in accordance with the ISSAI and the RRI. During the planning and implementation of the audit, we took into account those aspects of the internal controls that are relevant to how LFV draws up its annual report in order to provide a true and fair picture. Our responsibility does not include making a statement on the effectiveness of LFV’s internal management and control. Our statement regarding senior management’s assessment of the internal controls is based on the procedures we have used in order to audit the annual report and, consequently, they do not have the same certainty as an opinion based on an audit. Chief auditor Stefan Andersson made the decision in this case. Assignment leader Andreas Andersson submitted a report. Stefan Andersson Andreas Andersson Copy for information purposes: Luftfartsverket, the Ministry of Enterprise and Innovation, the Budget Department of the Ministry of Finance 1) The Appropriations Ordinance (2011:223), the Fees Ordinance (1992:191), the Lending and Security Ordinance (2011:211), the Supply of Capital Ordinance (2011:210), the Transfer of State Real Estate Ordinance (1996:1190), the Transfer of State Movable Assets Ordinance(1996:1191). 63
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