Prospectus - Notowania

103
>> Condensed Consolidated Financial Statements
Part A) – Accounting Policies
They also include reclassification adjustments, i.e. amounts reclassified in profit or loss for the period, which were recognised
in other comprehensive income in the current or previous periods.
The above mentioned changes in evaluation are indicated separately if they refer to non-current assets classified as held for
sale.
IAS 34, as amended, requires that the new statement of comprehensive income be published starting from the 2009 interim
report.
Figures in the schedules and explanatory notes are in € thousands.
Figures as at September 30, 2008 have been restated to account for the effects of the finalisation of Purchase Price
Allocation following the former Capitalia Group business combination.
The Group was first consolidated in our 2007 financial statements pursuant to IFRS 3, the purchase price being allocated to
the fair values of assets acquired and liabilities and contingent liabilities assumed. Under IFRS 3 initial recognition of the
business combination as at September 30, 2008, as well as in the 2007 consolidated accounts was determined provisionally.
Complete allocation of the purchase price was achieved within the term of 12 months prescribed by IFRS 3.
Subsequent changes to the fair value of assets acquired and liabilities and contingent liabilities assumed recognized
previously have caused the balance sheet and income statement values of the former Capitalia Group, at September 30,
2008 given in the comparative column to be adjusted.
These Accounts were compiled on the assumption that they should present a continuing business. At present there is no
uncertainty as to the Company’s ability to continue its business operations as envisaged by IAS 1. Measurement criteria are
therefore in accordance with this assumption and with the principles of competence, relevance and materiality in financial
statements and the priority of economic substance over juridical form. These principles are unchanged from 2008.
Risk and uncertainty due to use of estimated figures
The IFRSs require that management provide valuations, estimates and projections with a bearing on the application of
accounting principles and the carrying amount of assets, liabilities, expenses and revenue. Estimates and related projections
based on experience and other factors judged to be reasonably included were used to estimate the carrying value of assets
and liabilities not readily obtainable from other sources.
Estimated figures have been used for the recognition of the largest value-based items in the Consolidated Interim Report as
at September 30, 2009 as required by the accounting standards and regulations detailed in Section 2 above. These estimates
are largely based on calculations of future recoverability of the values recognized in the Accounts under the rules contained in
current legislation and were made assuming the continuity of the business, i.e. without considering the possibility of the forced
sale of the items so valued.
The processes adopted support the values recognized at September 30, 2009. Valuation is particularly complex given the
negative macro-economic situation and the consequent difficulty in making performance forecasts, even for the short term, in
relation to the mentioned financial parameters which significantly affect estimates.
The parameters and information used to check the mentioned values were therefore significantly affected by the above
factors, which could change rapidly in ways that cannot currently be foreseen, such that further effects on future balance-
sheet values cannot be ruled out.
Estimates and projections are regularly reviewed. Any changes arising from these reviews are recognized in the period in
which they are carried out, provided that they concern that period. If the reappraisal concerns both current and future periods
it is recognized in both current and future periods as appropriate.