2007 - April
2007 - April
2007 - April
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2.0 Notes to the consolidated financial statements at December 31 st <strong>2007</strong><br />
Notes to the consolidated financial statements at December 31 st<br />
<strong>2007</strong><br />
Note 1 - Accounting principles and methods..........................p.98<br />
Note 2 - Significant events over the period..........................p.106<br />
Note 3 - Basis for consolidation.................................................p.108<br />
Note 4 - Sector information..........................................................p.117<br />
Note 5 - Notes to the income statement..............................p.122<br />
Note 6 - Notes to the balance sheet........................................p.127<br />
Note 7 - Notes to the cash-flow statement.........................p.137<br />
Note 8 - Transactions with related parties...........................p.137<br />
Note 9 - Financial and insurance risk management........p.138<br />
Note 10 - Share-based payments..............................................p.146<br />
Note 1. Accounting principles and methods<br />
1.1. General accounting principles<br />
1.1.1. General framework<br />
Pursuant to European regulation 1606/2002 of July 19 th ,<br />
2002, APRIL GROUP’s consolidated financial statements<br />
have been drawn up in accordance with IFRS as adopted<br />
within the European Union. The IFRS framework includes<br />
the International Financial Reporting Standards (IFRS),<br />
International Accounting Standards (IAS), and their<br />
interpretations by the International Financial Reporting<br />
Interpretations Committee (IFRIC).<br />
Note 11 - Investments.....................................................................p.146<br />
Note 12 - Off-balance sheet commitments..........................p.147<br />
Note 13 - Net income and dividends........................................p.147<br />
Note 14 - Post-balance sheet events......................................p.147<br />
The accounting rules and valuation principles retained for<br />
drawing up the consolidated financial statements at December<br />
31 st , <strong>2007</strong> are those contained in the IFRS standards and<br />
interpretations published in the European Union’s official<br />
gazette on December 31 st , <strong>2007</strong>, the application of which is<br />
compulsory as of this date. Any standards or interpretations<br />
adopted by the IASB or IFRIC but not yet made compulsory by<br />
the European Union at December 31 st , <strong>2007</strong> have not been<br />
applied. The financial statements have been drawn up based<br />
on the principle of historical costs and amortized costs, with<br />
the exception of certain financial assets, valued on a fair<br />
value basis.<br />
98<br />
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