Purpose

The purpose with the form 48 is to divide the reporting into Divisions, Geographic areas, Super Category, Sales chann
order to have a better operational measurements. The section below presents the accounts and an instruction to how

Form 48 is divided into seven parts.

48A1 Presents Gross sales to GPI per Product Group.

Presents Variances down to GPII on a Super Category level for Forest & Garden products and per P
48A2
Construction. GCC are also reported.

48A3 is only for Construction and not for Forest & Garden. 48A3 presents depreciations and amorti
48A3
and other items down to EBIT on a product group level for Construction.

Shows the actual capital tied up on divisional level for Forest & Garden and on product group level f
48B
Restructuring and GCC is also reported.

48B2 Inventory reported per product groups.

48B3 Only reported for Construction. 48B3 is a specification of demo stock and provision for demo stock

Shows capital expenditure on a Super Category level for Forest & Garden and per Product Group fo
48C
expenditure for GCC is also reported .

Please see chapter 10.6 for levels of details in the reporting regarding category levels and product groups in the opera

Dimension Content

Product Product group or Product category codes according to Husqvarna alphabetical codes stated in the C

State G when reporting Group and E for External values. Only External is reported in 48B and 48C.
it is the receiver of the goods/service that determine if it shall be reported as Group or External (Gro
External/Group other Husqvarna Group entities and External = sales to external entities). In 48B2 form it is the sour
goods that determine if it shall be reported as Group or External (Group = sourced from other Husqv
entities and External = sourced from external entities). This is also applicabel for own produced goo

The dimension acquisition is used to separate and keep track of Acquired business result. A combin
Acquisition product category and reporting entity determine a unique acquisition dimension in TRAHQ. Two yea
acquisition, the dimension code HQV shall be used for all entities.

Division is the primary segment in the Group’s reporting structure. Division will be reported to Husq
Division (HUSQ), Gardena (GARDENA), and Consumer Brands (CBR) level within Forest & Garden, Con
(CONSTR) and Group Common Cost (GCC).

The divisions mainly contain the following brands:

Husqvarna: Husqvarna, Jonsered, Klippo, Zenoah, Redmax, Dixon, Bluebird and OEM Sales (cat S
factories.
Gardena: Gardena and OEM Sales (cat S) at Division factories.
 Consumer Brands: Poulan, Poulan Pro, McCulloch, Flymo, Weedeater, Partner, All other consume
OEM Sales (cat S) at Division factories.
Construction: Husqvarna and Diamant Boart

The dimension codes are EMEA, APAC, NA, LA, CONSTR and GCC (Group Common Cost). For th
CONSTR and GCC no geographic area will be reported. For example CCE_P will be reported with g
Geography CONSTR.
It is the receiver of the goods/service that determine the geography (for example sales from German
should be reported as APAC). In 48B2 form it is the final destination for the goods that determine th
(for example goods produced in Germany but sold to Canada shall be reported as NA).

Sales Channel will be reported at Retailer, Dealer and Distributor (DISTRIB) for Forest & Garden pr
Sales Channel Construction will be reported as Constr. and Group Common Cost as GCC. Factories and Principal
sales channel “other” and “DISTRIB”.
y, Sales channel and Product Group in
ruction to how this shall be reported.

ducts and per Product Group for

ons and amortizations below GPII to GPIII

ct group level for Construction.

or demo stock for Construction products.

roduct Group for Construction. Capital

ps in the operational reporting.

Forms

s stated in the CID database. 48A1 (only for Constr. 48A2-3, 48B, 48B2-3, 48C)

48B and 48C. In 48A forms

r External (Group = sales to
m it is the source of the 48A1-3, 48B, 48B2, 48C
om other Husqvarna Group
n produced goods.

esult. A combination of
RAHQ. Two years after the 48A1-3, 48B, 48B2, 48C

ported to Husqvarna
& Garden, Construction 48A1-3, 48B, 48B2, 48C

EM Sales (cat S) at Division

other consumer brands and

on Cost). For the dimension

reported with geography
48A1-3, 48B, 48B2, 48C
es from Germany to China
at determine the geography
A).

st & Garden products.

s and Principal will report on 48A1
 Specification per product group, Operational reporting

Form

48A1, A2 and
A3

Company Currency

000's

Link to External /
Account Account Name Description of account 1) Form Product Group Acquisition Division Geography Sales Channel
form group
Gross Sales- invoiced sale excluding value added tax, includes both Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,
48GS Gross Sales (+) 19 48A1 Product groups - all E/G HQV
Group and External sale. Constr, GCC LA, CONSTR, GCC Other, Constr, GCC

Contains all discounts made on invoice and yearly customer bonuses

Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,
48SD Sales deductions (-) 19 included in the customer contract, includes both Group and External 48A1 Product groups - all E/G HQV
Constr, GCC LA, CONSTR, GCC Other, Constr, GCC
sale.

Net sale after deductions and bonuses, includes both Group and Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,
48NS Net Sales (+) 19 48A1 Product groups - all E/G HQV
External sale. Constr, GCC LA, CONSTR, GCC Other, Constr, GCC

Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,

48NS NET SALES 02, 49A 48A1 Product groups - all E/G HQV
Constr, GCC LA, CONSTR, GCC Other, Constr, GCC

Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,

48COGS Landed cost (-) 02 Landed cost. 48A1 Product groups - all E/G HQV
Constr, GCC LA, CONSTR, GCC Other, Constr, GCC

Husq, Gardena, CBR, EMEA, APAC, NA, Retailer, Dealer, Distributor,

48GPI GROSS PROFIT I 02 48A1 Product groups - all E/G HQV
Constr, GCC LA, CONSTR, GCC Other, Constr, GCC

Stock Value adjustments (sales company) including non refunded VAT,

WEEE cost and Environmental charges, Taxes and Levies, Inventory Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,
48SV Stock Value Adjustment and Other (Sales Company) (+/-) 02 48A2 E/G HQV
difference (sales company), Scrapping and obsolesence (sales group for Constr.) Constr, GCC LA, CONSTR, GCC
company).

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48WA Warranty (-) 02 Warranty expenses, both original and extended warranty. 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Direct Material Variances , Inventory differences , Scrapping and Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,
48DMV Direct Material Variance (+/-) 02 48A2 E/G HQV
obsolescence for factories group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48DLV Direct Labour Variance (+/-) 02 Direct Labour Variances. 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48VOV Variable Factory and material overhead (+/-) 02 Variable Factory and material overhead variances. 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48OFOHV Fixed Factory and material overhead (+/-) 02 Fixed Factory and material overhead variances, including tooling. 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48FV Stock Value Adjustment (Factory) (+/-) 02 Stock Value adjustments from Factories 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48ME Divisional Manufacturing expenses 02 Divisional manufacturing expenses 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48PE Purchasing expenses 02 Purchasing expenses 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48GO Group Operations 19 Group Operations 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48TOCOGS Group Technology Office COGS 19 Group Technology Office 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48ARDGP Amortisation of Product & Development 19 Amortization on capitalized R&D 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48RDEXP Research & Development expense (-) 19 R&D expenses (excluding amortization) 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Super Category (product Husq, Gardena, CBR, EMEA, APAC, NA,

48GPII GROSS PROFIT II 02 Total Gross Profit II 48A2 E/G HQV
group for Constr.) Constr, GCC LA, CONSTR, GCC

Reversal of calculated depreciation on property, plant & equipment and

Reversal Calculated depreciation on Property, plant & Product groups, Constr.
48CDTA 19 intangible asset. Only to be used by factories that includes the calculated 48A3 E/G HQV CONSTR CONSTR
equipment and Intangible asset. only
depreciation in the Product (STK) calculation.

Product groups, Constr.

48DAP Depreciation according to plan -Production 19 Depreciation on property, plant & equipment according to plan (COGS). 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48AIACOGS Amortization of intangible assets - Production 19 Amortization of intangible assets (COGS) according to plan. 48A3 E/G HQV CONSTR CONSTR
only

Amortizations Computor Software and other IT related Product groups, Constr.

48AITCOGS 19 48A3 E/G HQV CONSTR CONSTR
intangible assets -Production Amortization of computer software and other IT related intangible assets only
(COGS) according to plan.

Product groups, Constr.

48WDTACOGS Write down/Scrapping Property, plant & equipment - COGS 19 Impairment or scrapping of property, plant & equipment (COGS). 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48WDIACOGS Write down/Scrapping Intangible assets -COGS 19 Impairment or scrapping of intangible assets (COGS). 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48OIEC Other income & expense - COGS 19 To be reconciled with Form 19 and Form 02, account 7941 and 7942 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48GPIII GROSS PROFIT III 02 Total Gross Profit III 48A3 E/G HQV CONSTR CONSTR
only

Costs for brand and marketing. Includes e.g. cost for above-the-line
Product groups, Constr.
48BMGM Brand Management & Global Marketing (-) 19 marketing, digital media and PR. Does not include costs for marketing 48A3 E/G HQV CONSTR CONSTR
only
resources within Sales & Services.

All IT expenses within Selling expenses (marketing) shall be included on Product groups, Constr.
48ITM IT Selling expense (-) 19 48A3 E/G HQV CONSTR CONSTR
this line. only

All other Selling expenses not included in other lines e.g. PM&D staff Product groups, Constr.
48OSE Other Selling expense (-) 19 48A3 E/G HQV CONSTR CONSTR
and sales staff. only

Product groups, Constr.

48OIES Other income & expense - Selling 19 To be reconciled with Form 19 account 7943 and 7944 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48 DAPS Depreciation according to plan - Selling 19 To be reconciled with form 19, account 6038 48A3 E/G HQV CONSTR CONSTR
only

Transport & Warehousing comprise all expenses related to the

distribution/transport and warehouse, including stock management, Product groups, Constr.
48TW Logistics expense (-) 19 48A3 E/G HQV CONSTR CONSTR
stock keeping etc. The distribution/transport expenses are to be reported only
net, after deductions of distribution fees charged to

Product groups, Constr.

48ITL IT Logistics expense (-) 19 All IT expenses within Logistics expenses shall be reported on this line 48A3 E/G HQV CONSTR CONSTR
only

All administrative expenses except IT-related costs shall be included in Product groups, Constr.
48AE Administration expense (-) 19 48A3 E/G HQV CONSTR CONSTR
this line. only

Product groups, Constr.

48OIEA Other income & expense - Admin 19 To be reconciled with Form 19 account 7945 and 7946 48A3 E/G HQV CONSTR CONSTR
only

All IT expenses within administrative expenses should be included in this Product groups, Constr.
48ITA IT Administration expense (-) 19 48A3 E/G HQV CONSTR CONSTR
line. only

Product groups, Constr.

48TOSGA Group Technology Office SG&A 19 To be reconciled with Form 19 and Form 02, account 5014 48A3 E/G HQV CONSTR CONSTR
only

Amortization of intangible assets-Admin, to be reconciled to form 19, Product groups, Constr.

48AIAA Amortization of intangible assets - Admin 19 48A3 E/G HQV CONSTR CONSTR
account 5008 only

Depreciation of tangible assets-Admin, to be reconciled to form 19 Product groups, Constr.

48DAPA Depreciation according to plan - Admin 19 48A3 E/G HQV CONSTR CONSTR
account 5009 only

Product groups, Constr.

48WDTASGA Write down/Scrapping Property, plant & equipment -Admin/Sellin 19 To be reconciled with Form 19 and Form 02, account 5016 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48WDIASGA Write down/Scrapping Intangible assets -Admin/Selling 19 To be reconciled with Form 19 and Form 02, account 5017 48A3 E/G HQV CONSTR CONSTR
only

Amortizations Computor Software and other IT related Amortization of Computor Software and other IT related intangibles- Product groups, Constr.
48AITA 19 48A3 E/G HQV CONSTR CONSTR
Intangible assets - Admin/Selling Admin/Selling, included in account 5008 (form 19) only

Product groups, Constr.

48ARAPDIFF Exchange diff, translating AR/AP foreign currency 19 To be reconciled with Form 19 account 7960 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48FXDIFF Exchange diff from hedging (FX) contracts 19 To be reconciled with Form 19 account 7962 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48OIE Other income and expense, Other 19 To be reconciled with form 19 accounts 7970 and 7971 48A3 E/G HQV CONSTR CONSTR
only

Product groups, Constr.

48EBIT EARNINGS BEFORE INTEREST & TAX 02 48A3 E/G HQV CONSTR CONSTR
only