Notes for P&L

Note 2. Estimates and assumptions

The Group makes estimates and assumptions about the future. By definition, the resulting accounting estimates will rarely correspond exactly to actual outcomes. The estimates and assumptions that involve a significant risk of material adjustments to the carrying amounts of assets and liabilities during the next financial year are outlined below.

(a) Intangible assets

Development expenditures directly attributable to the development of the Group's products are subject to management's judgments and estimates in assessing whether the criteria for capitalization as intangible assets are satisfied.

(b) Impairment test of capitalized development expenditures

The Group performs an annual impairment test of capitalised development expenditures in accordance with the accounting policy described in Note 1. The recoverable amounts of the cash-generating units have been determined using value-in-use calculations.

(c) Deferred tax assets

The Parent Company and the Group’s U.S. subsidiaries reported tax loss carryforwards in their most recent tax filings. Management has assessed that sufficient taxable profits will be generated in the foreseeable future to enable the utilization of these tax loss carryforwards. Consequently, as of 30 April 2026, the Company concluded that recognition of a deferred tax asset relating to the available tax loss carryforwards was appropriate.

The Group also has unrealized profits in inventory arising from transactions between the Parent Company in Sweden and its U.S. subsidiary. Management assesses that these inventories will be sold externally and that the related deferred tax asset will therefore be realized. Accordingly, this deferred tax asset has also been recognized in the statement of financial position.