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Annual
Report 2019
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Sandvik Group
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2019 in brief
Highlights
About Sandvik
Letter from the CEO
Vision and strategy
Our vision and strategy
Focus areas and outcome
Targets and target fulfillment
Trends and driving forces
A changing world
UN Sustainable Development Goals
Key figures, Group total
Annual General Meeting
Operations
Sandvik Machining Solutions
Overview
Strategy and technology
Business in 2019
New products and innovations
Customer case
Sandvik Mining and Rock Technology
Overview
Strategy and technology
Business in 2019
New products and innovations
Customer case
Sandvik Materials Technology
Overview
Strategy and technology
Business in 2019
New products and innovations
Customer case
Our share
Overview
Sandvik as an investment
Dialogue with analysts
Directors’ report
Group total
Development in business areas
Risk management
Overview
Sandvik risk universe
Sandvik Group key risks 2019
Corporate Governance Report
Overview
The Sandvik Way
Ownership structure and AGM
Nomination committee
Board of Directors
Board committees
Group Executive Management, business areas and group functions
External auditor
Internal control over financial reporting
Board of Directors
Group Executive Management
Financial information
Consolidated financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Parent Company financial statements
Income statement
Balance sheet
Changes in equity
Cash flow statement
Significant accounting policies
Notes
Note 1. Segment information
Note 2. Categories of revenue
Note 3. Personnel information and remuneration of management and auditors
Note 4. Research, development and quality assurance
Note 5. Other operating income
Note 6. Other operating expenses
Note 7. Operating expenses
Note 8. Leases
Note 9. Net financing cost
Note 10. Income tax
Note 11. Earnings per share
Note 12. Intangible assets and property, plant and equipment, Group
Note 13. Intangible assets and property, plant and equipment, Parent Company
Note 14. Shares in Group companies
Note 15. Investments in associated companies
Note 16. Non-current receivables and other current receivables
Note 17. Inventories
Note 18. Trade receivables
Note 19. Capital and reserves
Note 20. Provisions for pension and other non-current post-employment benefits
Note 21. Other provisions
Note 22. Non-current interest–bearing liabilities
Note 23. Other interest-bearing liabilities
Note 24. Other non–interest-bearing liabilities
Note 25. Accrued expenses and deferred income
Note 26. Contingent liabilities and pledged assets
Note 27. Supplementary information – financial risk management
Note 28. Related parties
Note 29. Supplementary information to the cash flow statement
Note 30. Acquisition and divestment of operations, discontinued operations and assets held for sale
Note 31. Parent Company particulars
Note 32. Information on shares, owners and rights
Note 33. Proposed appropriation of profits
Note 34. Events after the close of the period
Board statement on dividend proposal
Proposed appropriation of profits
Auditor’s report
Sustainable business
Sustainable business at heart
Sustainability goals 2030
Overview
Circularity goal
Climate goal
People goal
Fair play goal
Sustainability governance
Overview
Code of Conduct
Compliance
Human rights
Employees
Environment, Health and Safety
Sustainable Supplier Management
Community involvement
Non-financial notes
Reporting principles
Note 35. About this report
Note 36. Stakeholder dialogues
Note 37. Materiality analysis
Note 38. Code of Conduct
Note 39. Speak Up
Note 40. Compliance
Note 41. Employees
Note 42. Environment, Health and Safety (EHS)
Note 43. Environmental footprint
Note 44. Sustainable supplier management
Note 45. Community involvement
Note 46. Follow up on 2019 targets
Note 47. GRI index
Assurance report
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Directors’ report
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Risk management
Overview
Sandvik risk universe
Sandvik Group key risks 2019
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