Financial reports

The Board of Directors and Managing Director of Scandinavian SIP Homes Sweden AB hereby
present the Annual Report for the financial year commencing on 20 June 2017 and ending
on 31 December 2017 and the Consolidated Accounts for 2017, which was the first year of
operations for the Company and the Group.

Board of Directors’ Report

Information on operations

Operations

The Company was registered in 2017 and is the Parent Company of the Swedish portion of the
SIP Homes Group. Through subsidiaries, the Group develops energy-efficient housing using
the SIP model [SIP = Structural Insulated Panel].

Environmental awareness

In its aspiration to cause as little environmental impact as possible, the company works in
accordance with ISO 14001 and ISO 9001.

Ownership structure

The company is owned 100 percent by Baltic House Investment Group SIA
The company’s anticipated development over the upcoming years
The Board of Directors estimates that the scope of the operations will increase significantly
next year.

The registered office of the Company is located in Stockholm.

Annual overview (SEK thousands)

Group 2017
Profit after financial items 99,007
Balance sheet total 232,309
Equity ratio (%) 49.0
Parent Company 2017
(7 months)
Net sales 0
Earnings after financial items 113,631
Balance sheet total 169,400
Equity ratio (%) 74.0

[vc_table vc_table_theme=”simple”][b]Group,[b]2017|Profit%20after%20financial%20items,99%2C007|Balance%20sheet%20total,232%2C309|Equity%20ratio%20(%25),49.0[/vc_table]
[vc_table vc_table_theme=”simple”][b]Parent%20Company,[b]2017|Net%20sales,0|Earnings%20after%20financial%20items,113%2C631|Balance%20sheet%20total,169%2C400|Equity%20ratio%20(%25),74.0[/vc_table]
[vc_table vc_table_theme=”simple”][b]Group,[b]Share%20capital,Other%20shareholders%E2%80%99%20equity%20incl.%20profit%20for%20the%20year,Total%3A|New%20share%20issue,50%2C000,,50%2C000|Change%20in%20Group%20structure,,15%2C571%2C223,15%2C571%2C223|Profit%20for%20the%20year,50%2C000,114%2C578%2C215,114%2C628%2C215[/vc_table][vc_table vc_table_theme=”simple”][b]Parent%20Company,[b]Share%20capital,Profit%20brought%20forward,Profit%20for%20the%20year,Total%3A|New%20share%20issue,50%2C000,,,50%2C000|Shareholder%20contributions,,6%2C555%2C817,,6%2C555%2C817|Profit%20for%20the%20year,50%2C000,6%2C555%2C817,113%2C630%2C750,113%2C630%2C750|[b]Closing%20amount,[b]50%2C000,[b]6%2C555%2C817,[b]113%2C630%2C750,[b]120%2C236%2C567[/vc_table]