Which accounting principles are used in Vattenfall’s accounts?
Since 2005 Vattenfall’s consolidated accounts have been prepared in accordance with the International Financial Reporting Standards (IFRS). Top Please comment on Vattenfalls growth strategy. To continue the profitable growth is one of Vattenfall’s five strategic ambitions. Profitable growth is vital for Vattenfall’s future competitiveness and ability to create sustained economic value. Size carries a number of strategic advantages, such as market position, financial strength and ability to spread risks. Added to these are operational advantages, such as more cost-efficient purchasing and leaner administration, which also enhance profitability. Growth in new capacity for electricity generation is taking place both organically and through acquisitions. Vattenfall plans to build new power plants as well as improve and increase the capacity of existing generation facilities. Company acquisitions play a key role in achieving the Group’s growth targets. Vattenfall is currently concentrating
