Notes for P&L

Note 1 ACCOUNTING POLICIES

Valuno applies International Financial Reporting Standards (IFRS) as adopted by the EU. This interim report has been prepared in accordance with IAS 34 Interim Reporting. The application of accounting principles is in accordance with those in the annual report for the financial year '23/24. The parent company's accounting is prepared in accordance with the Annual Accounts Act and RFR 2 Accounting for legal entities. The same accounting principles as for the Group are applied, except in cases specified under the section Parent Company's Accounting Principles in the annual report for the financial year '23/24.

Group reporting currency

As of July 1, 2021, the Group's reporting currency is EUR. The parent company's functional currency is SEK, unchanged compared to '23/24. Unless otherwise stated, all amounts are reported in millions of EUR (mEUR) for the Group and millions of SEK (mSEK) for the parent company. For a more detailed description of the accounting principles applied by the Group and the parent company in this interim report, see the annual report for the financial year '23/24, which can be found at www.investor.valuno.com