Other
Risks and uncertainty factors
Tele2’s operations are affected by a number of external factors. The risk factors considered to be most significant to Tele2’s future development are operating risks such as the availability of frequencies and other telecom licenses, operations in Russia, network sharing with other parties, integration of new business models, changes in regulatory legislation, legal proceedings, economic climate and financial risks such as currency risk, interest risk, liquidity risk and credit risk. In addition to the risks described in Tele2’s annual report for 2009 (see Directors’ report and Note 2 of the report for a detailed description of Tele2’s risk exposure and risk management), no additional significant risks are estimated to have developed.
Company disclosure
Other
Tele2 will release the financial and operating results for the period ending September 30, 2010 on October 20, 2010.
The Board of Directors and CEO declare that the undersigned six-month interim report provides a fair overview of the parent company’s and Group’s operations, their financial position and performance, and describes material risks and uncertainties facing the parent company and other companies in the Group.
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Stockholm, July 21, 2010 |
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Tele2 AB |
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Mike Parton |
Lars Berg |
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Mia Brunell Livfors |
Jere Calmes |
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John Hepburn |
Erik Mitteregger |
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John Shakeshaft |
Cristina Stenbeck |
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Lars Nilsson |
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Review Report
Introduction
We have reviewed the interim report for Tele2 AB (publ.) for the period January 1 - June 30, 2010. The Board of Directors and the President are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review.
Scope of review
We conducted our review in accordance with the Standard on Review Engagements (SÖG) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different focus and is substantially less in scope than an audit conducted in accordance with Standards on Auditing in Sweden RS and other generally accepted auditing practices in Sweden. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant matters that might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assurance as a conclusion expressed based on an audit.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the Annual Accounts Act.
Stockholm, July 21, 2010
Deloitte AB
Jan Berntsson
Authorized Public Accountant