NWG // FINANCIAL INFORMATION
Auditor’ s report
To the general meeting of the shareholders of New Wave Group AB( publ), corporate identity number 556350- 0916
Report on the annual accounts and consolidated accounts
Opinions
We have audited the annual accounts and consolidated accounts of New Wave Group AB( publ) for the financial year 2024-01-01- 2024-12-31. The annual accounts and consolidated accounts of the company are included on pages 59-147 in this document.
In our opinion, the annual accounts have been prepared in accordance with the Annual Accounts Act and present fairly, in all material respects, the financial position of the parent company as of 31 December 2024 and its financial performance and cash flow for the year then ended in accordance with the Annual Accounts Act. The consolidated accounts have been prepared in accordance with the Annual Accounts Act and present fairly, in all material respects, the financial position of the group as of 31 December 2024 and their financial performance and cash flow for the year then ended in accordance with IFRS Accounting Standards, as adopted by the EU, and the Annual Accounts Act. The statutory administration report is consistent with the other parts of the annual accounts and consolidated accounts.
We therefore recommend that the general meeting of shareholders adopts the income statement and balance sheet for the parent company and the group.
Our opinions in this report on the annual accounts and consolidated accounts are consistent with the content of the additional report that has been submitted to the parent company ' s audit committee in accordance with the Audit Regulation( 537 / 2014) Article 11.
Basis for Opinions
We conducted our audit in accordance with International Standards on Auditing( ISA) and generally accepted auditing standards in Sweden. Our responsibilities under those standards are further described in the Auditor’ s Responsibilities section. We are independent of the parent company and the group in accordance with professional ethics for accountants in Sweden and have otherwise fulfilled our ethical responsibilities in accordance with these requirements. This includes that, based on the best of our knowledge and belief, no prohibited services referred to in the Audit Regulation( 537 / 2014) Article 5.1 have been provided to the audited company or, where applicable, its parent company or its controlled companies within the EU.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinions.
Other information The audit of the annual accounts for the fiscal year 2023-01-01 – 2023-12-31 was performed by another auditor who signed the audit report April 4, 2024 without exceptions in the Annual Report.
Key Audit Matters
Key audit matters of the audit are those matters that, in our professional judgment, were of most significance in our audit of the annual accounts and consolidated accounts of the current period. These matters were addressed in the context of our audit of, and in forming our opinion thereon, the annual accounts and consolidated accounts as a whole, but we do not provide a separate opinion on these matters.
Valuation of Goodwill New Wave Group AB( publ) reports goodwill of SEK 1,157 million in the consolidated balance sheet as of 31 December 2024. The value of the reported goodwill is dependent on future income and profitability in the cash-generating units to which the goodwill pertains and is tested at least annually. Management bases its impairment testing on several assumptions and assessments such as revenue growth, operating margin development, and cost of capital( WACC), as well as other complex factors. Incorrect assessments and assumptions can have a significant impact on the group ' s results and financial position. Management has not identified any impairment need for any cash-generating unit within the group. For further information, refer to note 1 on critical estimates and judgments and note 8 on intangible assets.
148 // ANNUAL REPORT