Statement of compliance
These consolidated financial statements for the year ended 31 December 2012 have been prepared in accordance with the International Financial Reporting Standards as adopted by the EU (IFRS EU). The Group applied the same accounting policies in the preparation of the financial data for the year ended 31 December 2012 and the consolidated financial statements for the year 2011, presented in the consolidated annual report, except for the EU-endorsed standards and interpretations which are effective for the reporting periods beginning on 1 January 2012 and except for the effects of presentation changes as described in note 8.
During the year ended 31 December 2012 the following became effective:
(i) amendments to IFRS 7 – Transfers of Financial Assets
The amendments specify the scope of disclosures related to transfers of financial assets. The changes have no impact on these consolidated financial statements.
Standards published but not yet effective:
(i) amendments to IAS 19 – Employee Benefits
The amendments introduce new requirements for the recognition and measurement of the defined benefit plan costs and termination benefits as well as amend disclosure requirements. The changes have no impact on these financial statements.
