The preparation of Consolidated Financial Statements in conformity with IFRS Accounting Standards requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the Group’s accounting policies.
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under foreseeable circumstances.
The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related final outcome. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the Consolidated Financial Statements, are described in the following notes:
Description | Further Information |
Impairment of intangible assets | Note 3.6 |
Leases | Note 3.7 |
Financial instruments at fair value through profit and loss | Note 3.8 |
Provisions | Note 3.10 |
Defined benefit obligations | Note 5.3 |
Taxes | Notes 6.1 / 6.2 |