Annual and Sustainability Report 2011 - Teracom

Auditors' report on overall review of
the Sustainability Report
To the readers of Teracom's Sustainability Report
The management of Teracom Group AB commissioned us to
conduct a general review of the sustainability information
referred to in the GRI index in Teracom Group AB's combined
2011 Annual and Sustainability Report. The Board and senior
management team are responsible for the operating activities
related to the environment, the work environment, social
responsibility and sustainable development, as well as the
preparation and presentation of the Sustainability Report in
accordance with applicable criteria. Our responsibility is to
express an opinion on the Sustainability Report that is based
upon our overall review.
The purpose and scope of a review
We carried out our overall review in accordance with RevR 6
Assurance of sustainability reports, which is published by FAR.
A review consists of making inquiries, primarily of persons
responsible for preparation of the Sustainability Report, and
applying analytical and other review procedures. A review
has a different purpose and is substantially more limited in
scope than an audit conducted in accordance with IAASB's
standards for audit and quality control, and other generally
accepted auditing standards. The procedures performed in a
review do not enable us to obtain a level of assurance that
would make us aware of all significant matters that might
be identified in an audit. Therefore, the conclusion expressed
based on a review does not give the same level of assurance
as a conclusion based on an audit.
The criteria that we used to base our review on are the
parts of the Sustainability Reporting Guidelines, G3, issued
by Global Reporting Initiative (GRI), which are relevant for
the Sustainability Report along with the accounting and calculation
principles specifically designed and specified by the
company. We believe that these criteria are appropriate to
use for preparation of the Sustainability Report.
Based on an assessment of materiality and risk, our
overall review covered the following items:
a. updating our own knowledge and understanding of
Teracom's organization and operations,
b. assessing the results of the company's dialogue with
stakeholders,
c. conducting interviews with managers at the Group level
and at selected units, with the aim of assessing whether
the qualitative and quantitative information contained in
the Sustainability Report is complete, accurate and sufficient,
d. examining internal and external documentation in order
to assess whether the reported information is complete,
accurate and sufficient,
e. evaluating the design of the systems and processes that
have been used to collect, manage and validate sustainability
information,
f. conducting an analytical review of the reported information,
g. assessing the company's stated application level in terms
of GRI guidelines,
h. assessing the overall impression made by the
Sustainability Report, along with its format and with
that, assessing whether the information reciprocally is in
agreement with the applied criteria.
Conclusion
Based on our overall review, no circumstances were
brought to light that would give us reason to believe that
the Sustainability Report was not, in all material respects,
prepared in accordance with the criteria stated above.
Stockholm, March 16, 2012
PricewaterhouseCoopers AB
Sten Håkansson
Authorized Public Accountant
Fredrik Ljungdahl
Specialist member of FAR
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