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1. Basis of preparation and accounting policies
Basis of preparation
Medicover AB (publ) (“the Company”) together with its subsidiaries are referred to as “the Group”. Medicover AB (publ) is a company domiciled in Sweden, with its head office in Stockholm. The reporting and functional currency of the Company is the euro.
This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and should be read together with the Group’s consolidated financial statements 2025.
The report does not include all disclosures that would otherwise be required in a complete set of financial statements. Information on pages 1-18 is an integral part of this report.
Accounting policies, use of estimates and judgements
The Group applies the IFRS Accounting Standards (“IFRS”) as adopted by the European Union.
Some amendments to existing standards became applicable as from 1 January 2026, however none of these have a material impact on the consolidated financial statements or accounting policies when applied for the first time.
The Group will apply IFRS 18 Presentation and Disclosure in Financial Statements from 1 January 2027, with retrospective application. The assessment of the standard is being finalised and is expected to result primarily in presentation and classification changes within the consolidated income statement, including the inclusion of certain items currently presented within interest expense, other financial income/expense and other income/costs in operating profit. The Group is also assessing the impact of the new requirements relating to management-defined performance measures (MPMs).
During the third quarter 2026, the Group classified its hospital operations in India as a disposal group held for sale and as a discontinued operation in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. As a result, the assets and liabilities of the disposal group are presented as held for sale and the financial performance of the discontinued operation is presented separately from continuing operations in the Consolidated income statement. Comparative periods have been restated where applicable to reflect the discontinued operation. The amounts for continuing and discontinued operations in the consolidated financial statements are presented after elimination of intra-group transactions and balances. Except for the effects of the IFRS 5 classification, the accounting policies and methods of computation applied in preparing this interim report are unchanged from those applied in the Group’s 2025 consolidated financial statements.
The preparation of interim reports requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Group’s accounting policies. Refer to the Group’s consolidated financial statements 2025 for further information on the use of estimates and judgements.
The parent company applies the Swedish Annual Accounts Act and the Swedish Corporate Reporting Board’s Recommendation RFR 2 Accounting for Legal Entities.
Alternative performance measures (APMs) are presented in this interim report since these are considered as important supplemental measures of the Company’s performance. For definition and reconciliation of APMs, refer to medicover.com.