Consti in brief 4 CEO's review 6 Business strategy 8 Board of Directors' Report 14 Financial statements 31 Consolidated statement of comprehensive income 32 Consolidated balance sheet 33 Consolidated statement of changes in equity 34 Consolidated statement of cash flows 35 Notes to the consolidated financial statements 36 Parent company 63 Income statement of the parent company (FAS) 64 Balance sheet of the parent company (FAS) 65 Cash flow statement of the parent company (FAS) 67 Notes to the financial statements of the parent company (FAS) 68 Board of Directors' dividend proposal 76 Signatures to the Financial Statements and Board of Directors' Report 77 Auditor's report 78 Corporate governance 80 Board of Directors 85 Management Team 86 Key figures and information for shareholders 89 Key figures and calculation of key figures 90 Information for investors and shareholders 92 Consti as an investment 94