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Control activities

The Group’s control structure is designed to manage the risks that the Board considers to be of material importance for internal control over financial reporting.

Within Axfood these control structures consist of an organization with clear roles that enable the effective and suitable delegation of responsibility from an internal control perspective as well as specific control activities that are designed to discover or prevent risks for errors in the reporting in a timely fashion. Examples of control activities include clear decision-making processes and procedures for important decisions, performance analyses and other control activities within the significant processes. Examples of control activities in these processes are analytical reviews, spot checks, inventory counts, reconciliations and reviews of undertakings. Process reviews are conducted with the functions in Axfood’s Shared Services Centre (SSC), and also of individual companies at the subsidiary level.