AMPER, SA and Subsidiaries Consolidated Financial Statements for ...
AMPER, SA and Subsidiaries Consolidated Financial Statements for ...
AMPER, SA and Subsidiaries Consolidated Financial Statements for ...
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• IAS 27 - Separate financial statements. Effective <strong>for</strong> annual periods beginning on or after 1 January<br />
2013.<br />
• IAS 28 - Investments in associates <strong>and</strong> joint ventures. Effective <strong>for</strong> annual periods beginning on or<br />
after 1 January 2013.<br />
• Amendment to IFRS 7 – Disclosure of derecognition of financial instruments Effective <strong>for</strong> annual<br />
periods beginning on or after 1 July 2011.<br />
• Amendment to IAS 12 - Recovery of underlying assets. Effective <strong>for</strong> annual periods beginning on or<br />
after 1 January 2012.<br />
• Amendment to IFRS 1 – Severe hyperinflation <strong>and</strong> the elimination of certain fixed transition dates.<br />
Effective <strong>for</strong> annual periods beginning on or after 1 July 2011.<br />
• IFRS 9 - <strong>Financial</strong> instruments. Effective <strong>for</strong> annual periods beginning on or after 1 January 2015.<br />
• IFRIC 20 - Stripping costs in the production phase of a surface mine. The interpretation is applicable<br />
to annual periods starting on or after 1 January 2013.<br />
• IFRS 7 - <strong>Financial</strong> instruments: Required disclosures: modification of disclosures relating to the<br />
offsetting of financial assets <strong>and</strong> liabilities. The rule is applicable to annual periods starting on or<br />
after 1 January 2013.<br />
• IAS 32 - <strong>Financial</strong> instruments: Presentation: modification of offsetting of financial assets <strong>and</strong><br />
liabilities. The rule is applicable to annual periods starting on or after 1 January 2014.<br />
The Company Administrators have evaluated the potential impacts of the future application of these<br />
rules <strong>and</strong> consider that their entry into <strong>for</strong>ce will not have a major effect on the <strong>Consolidated</strong> Annual<br />
Accounts.<br />
2.2 Basis <strong>for</strong> submission<br />
The <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong> of the Amper Group <strong>for</strong> 2011 were prepared by the Directors in<br />
a meeting of the Board of Directors held on 29 February 2012, in accordance with the International<br />
<strong>Financial</strong> Reporting St<strong>and</strong>ards ("IFRSs") as adopted by the European Union, in con<strong>for</strong>mity with<br />
Regulation (EC) No. 1606/2002 of the European Parliament <strong>and</strong> of the Council <strong>and</strong> subsequent<br />
amendments, in the Code of Mercantile Law <strong>and</strong> other applicable legislation, taking into account the<br />
regulation established by the Spanish Securities <strong>and</strong> Exchange Commission (CNMV), <strong>and</strong> in particular<br />
the Circular 1/2008 dated 30 January 2008 on periodic in<strong>for</strong>mation on issuers whose securities are<br />
admitted <strong>for</strong> trading on regulated markets in relation to six-monthly financial reports, interim<br />
management statements <strong>and</strong>, as the case may be, quarterly financial reports.<br />
These Annual <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong> <strong>for</strong> 2011, prepared by the Board of Directors, will be<br />
submitted <strong>for</strong> the approval of the General Shareholders Meeting. It is expected that they will be<br />
approved without any modifications.<br />
These Annual <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong> are a true <strong>and</strong> faithful image of the consolidated<br />
equity <strong>and</strong> the consolidated financial situation of the Group at 31 December 2011, <strong>and</strong> of the results of<br />
its consolidated operations, changes in its consolidated net equity <strong>and</strong> consolidated cash flows that<br />
have occurred in the Group in the financial year ending on that date.<br />
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