Annual Report 2009/2010 Geschäftsbericht 2009/2010 ... - biolitec AG

106 Annual Financial Statement Konzern-Jahresabschluss
Earnings per share / diluted earnings per share
The consolidated earnings per share are calculated from the weighted average number of shares issued
in the period under review.
Diluted earnings per share are calculated on the basis of the weighted average number of shares issued
in addition to the shares outstanding in the period under review as well as existing equity-related rights.
The latter comprise stock options and subscription rights. If the equity-related rights do not produce
any dilution effects, they are exempted from calculation.
3.12. New accounting standards and interpretations
Applied accounting standards for the business year 2009/2010
During the business year 2009/2010 the following accounting standards and interpretations were implemented
of which none had a significant influence on either the presentation of the net asset position,
financial or profit situation nor the earnings per share.
In November 2006, the IASB published IFRS 8 (Operating Segments), which replaces IAS 14 (Segment
Reporting), the existing standard in this field. IFRS 8 follows the “management approach,” which means
that segment reporting must be based on the information used internally by management to identify
operating segments and to evaluate their performance.
In March 2007, the IASB issued amendments to IAS 23 (Borrowing Costs) requiring the capitalization of
interest on borrowings made to acquire, construct or produce a qualifying asset. Interest on borrowed
capital that is directly attributable to qualifying assets was already capitalized in the past, utilizing the
option that existed under the previous version of the standard.
In September 2007, the IASB issued amendments to IAS 1 (Presentation of Financial Statements). Apart
from proposing the renaming of certain sections of the financial statements, these amendments mandate
that in certain circumstances an opening statement of financial position for the previous financial
year be published along with a separate presentation of changes in equity arising from transactions
with owners and with non-owners, and that the income tax effects of each component directly recognized
in equity be disclosed separately in the statement of comprehensive income or in the notes.
The IFRS 3 issued on 10 January 2008 contains amended regulations on the accounting for business
combinations. In particular, these changes involve the scope of application of IFRS 3 and the treatment
of successive share purchases as well as the introduction of an option: Non-controlling interests may be
measured at fair value or at the proportionate share of net assets. Depending on which option a company
exercises, any goodwill is recognized in full or only in proportion to the majority owner’s interest.
On 11 January 2008 – due to a revision of the IFRS 3 by the IASB – the IAS 27 “Consolidated and Separate
Financial Statements” was changed. The revision primarily aims at changes for the parent company’s
control options.
The IFRS 2 ”Share-based Compensation” was changed on January 17th 2009. The modifications basically
concern a clarification of terms like “Vesting Conditions” and “Cancellations”.
IAS 32 (Financial Instruments) was revisited and changed by the IASB on 14 February 2008. The changes
relate mainly to the distinction between equity and debt in accounting for company capital to which
cancellation rights are attached.