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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
83
addition to associates. These changes were approved by the European Union in December 2012
(EU Regulation No. 1254/2012) and apply as from 1° January 2014.
Amendments to IFRS 10 “Consolidated financial statements”, IFRS 11 “Joint Arrangements” and
IFRS 12 “Disclosure of interests in other entities” - Transition guide
These changes were approved by the European Union in April 2013 (EU Regulation No.
313/2013) and apply as from 1° January 2014.
Amendments to IFRS 10, IFRS 12 and IAS 27 - Investment entities - These amendments apply to
a particular class of assets defined as investment entities, whose corporate purpose involves
investing in funds for the purpose of obtaining income from capital or a revaluation of the invested
capital or for both reasons. On the basis of amendments, the companies controlled by the
investment entities must not be consolidated line-by-line but rather valued at fair value in the
income statement. These changes were approved by the European Union in November 2013 (EU
Regulation No. 1174/2013) and apply as from 1° January 2014.
Amendments to IAS 36 - Impairment of assets - supplementary information on the recoverable
value of the non-financial assets. These changes were approved by the European Union in
December 2013 (EU Regulation No. 1374/2013) and apply as from 1° January 2014.
IFRIC 21 - Levies - The interpretation defines the accounting treatment of the liabilities for
government taxes and levies other than income taxes in relation to the moment when an entity
can recognise these liabilities. The interpretation has not yet been approved by the European
Union.
Amendments to IAS 19 - Employee benefits - defined-benefit plans: contribution by employees or
third parties. These amendments introduce the distinction between types of contributions
envisaging a different accounting approach. The amendments have not yet been approved by the
European Union.
“Improvements” to the IFRS 2010-2012 cycle (issued by the IASB in December 2013) - These
amendments, whose applicability is envisaged as from 1 July 2014 with the exception of the
amendments to IFRS 13, which apply immediately, have not yet been approved by the European
Union.
“Improvements” to the IFRS 2011-2013 cycle (issued by the IASB in December 2013) - These
amendments, whose applicability is envisaged as from 1 July 2014, have not yet been approved
by the European Union.
IFRS 9 - Financial Instruments (issued in November 2009 and October 2010) and subsequent
amendments (issued in December 2011 and November 2013) - IFRS 9 will ultimately replace IAS
39 Financial instruments: Recognition and Measurement, and its main objective is to reduce the
complexity. IFRS 9 and all the related amendments have not yet been approved.
Amendments to IFRS 7 - Financial instruments: disclosures . initial application of IFRS 9 - These
amendments introduce the obligation to provide additional quantitative information at the time of
transition to IFRS 9 so as to clarify the effects, which the first-time application of IFRS 9 has on the
classification and measurement of the financial instruments. These amendments have not yet
been approved by the European Union.
Revenues (note 1)
(EUR 000)
2013
2012