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Management approach - Economic 
OVERVIEW
Economic Performance

Market presence 

Indirect economic impact; Sustainability Report p 8-9 
Policy

Corporate financial accounting and reporting are conducted according to high quality standards.  In addition, Ericsson ensures that high auditing standards are applied and maintained by external financial auditors. The Board of Directors' Report, AR P 26 contains a discussion and analysis of Ericsson's consolidated financial statements and operational results.

Responsibility

Operational responsibility for economic areas: Chief Financial Officer, Hans Vestberg.

Heads of All Ericsson Companies are responsible for submitting complete, accurate and up-to-date financial reports.

Management

Ericsson ensures that high auditing standards are applied and maintained by external financial auditors. The group auditors are appointed at the Annual General Meeting of Shareholders (AGM).

Ericsson Companies use local auditing firms. The auditors are appointed at the company's AGM, or as prescribed by local company law.
Certification;

Disclosure Approach

Economic performance - Financial Highlights for the past five years can be found at AR P 2.

Market presence - Ericsson has customers in more than 175 countries, and sales per Region see 
AR P 2.

Indirect economic impacts - see CR Report P 7-13.

Goals and performance

Most company financial targets are confidential.

For performance relative to financial objectives See AR P 30-31.

For indirect socio-economic objectives and achievements for 2006 and 2007 see CR report P 36-37.
Also see Value Flow Statement, Economic Key Perfomance Indicators.

Context

Key successes are described on Financial Highlights and Key Achievements, AR P 6; Major organizational risks and opportunities are described, Risk Management AR P 34-35; Risk Factors AR P 89-93.

Indirect economic Achievements and Objectives CR Report P 36-37.

There were no major changes in the reporting period to systems or structures.

Key strategies can be found in the AR P 7.