Directors’ Report – the Parent Company Sales, income and financial position The Parent Company, Duni AB, is responsible for the Group’s sales and customer support on the Nordic market. The Parent Company also contains Group management and joint Group staff functions such as finance, personnel, purchasing, communication, marketing and IT. Parts of the Group’s development resources are located in the Parent Company. Net sales amounted to SEK 1,191 (1,166) m. Operating income was reported at SEK -57 (-56) m, and net financial items at SEK 205 (237) m. The finance net includes internal dividends received during the year of SEK 127 (95) m and a received group contribution of SEK 72 (118) m. Net income for the year was SEK 121 (134) m. The Parent Company’s investments in fixed assets amounted to SEK 24 (14) m. The Parent Company’s equity ratio at year-end was 62.1% (57.5%). The Parent Company’s cash and equivalents on December 31, 2015 amounted to SEK 144 (140) m. Operational and financial risks in the Parent Company The Parent Company’s risks correspond in all essential respects to the Group’s risks. Duni’s finance management and its management of financial risks are regulated by a finance policy adopted by the Board of Directors. This work is presided over and managed by the Group’s Treasury, which is included as a unit within the Parent Company. The Group divides financial risks into market risks (comprising currency risk, price risk and interest rate risk), as well as credit risk and liquidity risk.