Fazer wants to provide meaningful and relevant information in a transparent way. To this end, we have decided to adopt International Financial Reporting Standards (IFRS), and will report our financial statements in accordance with them from this report on. Fazer has until now reported according to the Finnish Accounting Standards (FAS). IFRS is the most commonly used set of accounting standards, contributing to the comparability of reported figures. It also facilitates the integration of acquired companies. It is a good foundation for common accounting principles for an international group such as Fazer.