Billeruds consolidated accounts are prepared in accordance with the International Financial Accounting Standards (IFRS). Billerud adopted IFRSs in its consolidated financial statements on 1 January, 2005 and the transition date was 1 January 2004. Billeruds consolidated financial statements were prepared in accordance with Swedish GAAP until 31 December 2004.
Accounting principles (PDF excerpt from Annual report 2009)
Effects of transition to IFRS (Pressrelease published 3/29/2005)