Annual Report 2012 - Ono
Annual Report 2012 - Ono
Annual Report 2012 - Ono
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The Figures<br />
GRUPO CORPORATIVO ONO, S.A. AND SUBSIDIARIES (ONO GROUP)<br />
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEAR <strong>2012</strong> (Thousands of Euros)<br />
<strong>2012</strong> improvement projects, includes explanations on the following standards:<br />
IFRS 1 (*) First time adoption of International Financial <strong>Report</strong>ing Standards 1 January 2013<br />
IAS 1 (*) Financial statement presentation 1 January 2013<br />
IAS 16 (*) Property plant and equipment 1 January 2013<br />
IAS 32 (*) Financial instrument; Presentation 1 January 2013<br />
IAS 34 (*) Interim financial reporting 1 January 2013<br />
New standards and amendments<br />
IFRS 1 (*) Accounting for government grants and disclosure of government assistance 1 January 2013<br />
IFRS 10 (*) Consolidated financial statements – transitional provision 1 January 2013<br />
IFRS 10 (*) Consolidated financial statements – investment companies 1 January 2014<br />
IFRS 11 (*) Joint arrangements – transitional provision 1 January 2013<br />
IFRS 12 (*) Disclosures of interests in other entities – transitional provision 1 January 2013<br />
IFRS 12 (*) Disclosures of interests in other entities statements – investment companies 1 January 2014<br />
(*)<br />
Not yet adopted by the European Union.<br />
ONO in <strong>2012</strong><br />
Who is ONO?<br />
What does ONO do?<br />
ONO’s<br />
Responsibility<br />
Financial analysis<br />
Corporate<br />
Governance <strong>Report</strong><br />
The Figures<br />
Annexes<br />
Contact<br />
Information<br />
The Group is analysing the possible impact that the application of the standards described above will have on the consolidated annual<br />
accounts and is not likely to be significant.<br />
2.4. Consolidation<br />
a) Subsidiaries<br />
Subsidiaries are all entities (including special purpose entities) over which the Group has the power to govern the financial and operating<br />
policies generally accompanying a shareholding of more than one half of the voting rights. The existence and effect of potential voting rights<br />
that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. Subsidiaries are fully<br />
consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.<br />
The Group uses the acquisition method to account for business combinations. The consideration transferred for the acquisition of a<br />
subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration<br />
transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition-related costs<br />
are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are measured<br />
initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Group recognises any non-controlling interest<br />
in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets.<br />
Print<br />
<strong>Report</strong><br />
The Figures<br />
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