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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
6.1.6
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
CONTENTS
NOTE 1 REPORTING ENTITY AND BASIS OF PREPARATION 87 NOTE 2 SIGNIFICANT EVENTS OF THE YEAR 88 NOTE 3 CONSOLIDATION, BUSINESS COMBINATIONS AND GOODWILL 89 3.1 Scope of consolidation 90 3.2 Business combinations 90 3.3 Goodwill 92 3.4 Impairment testing 93 NOTE 4 SEGMENT REPORTING 93 NOTE 5 OPERATIONAL DATA 95 5.1 Working capital requirement (WCR) 95 5.2 Equity-accounted investees 97 5.3 Payroll costs and employee benefit obligations 98 5.3.1 Breakdown of payroll costs in the consolidated income statement 98 5.3.2 Employee benefit obligations 98 5.3.3 Share-based payments 100 5.4 Other operating income and expenses 102 5.5 Depreciation, amortisation and provisions for recurring operating items, net 102 5.6 Non-recurring income and expenses 102 NOTE 6 NON-CURRENT ASSETS 103 6.1 Intangible assets 103 6.2 Property, plant and equipment 104 6.3 Investment property 105 6.4 Non-current financial assets 105 6.5 Reconciliation of acquisitions of property, plant and equipment and intangible assets recorded in the consolidated statement of cash flows 106 NOTE 7 EQUITY AND EARNINGS PER SHARE 106 7.1 Shares 106 7.2 Treasury shares 107 7.3 Earnings per share 107 7.4 Dividend per share 108 NOTE 8 FINANCING AND FINANCIAL INSTRUMENTS 108 8.1 Cash and cash equivalents 108 8.2 Bond debt and other financial liabilities 109 8.3 Derivative instruments 110 8.4 Net debt 111 8.5 Financial income and expenses 112 8.6 Financial risk management 113 NOTE 9 PROVISIONS AND CONTINGENT LIABILITIES 114 9.1 Provisions 114 9.2 Contingent liabilities 114 NOTE 10 LIABILITIES RELATED TO SHARE ACQUISITIONS (CURRENT AND NON-CURRENT) AND OTHER NON-CURRENT LIABILITIES 115 NOTE 11 ADDITIONAL INFORMATION ON FINANCIAL ASSETS AND LIABILITIES 115 11.1 Accounting classification of financial assets and liabilities 115 11.2 Fair value hierarchy 116 NOTE 12 INCOME TAX 117 12.1 Income tax recognised during the year 117 12.2 Tax proof 117 12.3 Deferred taxes 118 NOTE 13 OFF-BALANCE SHEET COMMITMENTS 120 13.1 Operating leases 120 13.2 Other commitments 120 NOTE 14 SIGNIFICANT EVENTS AFTER THE REPORTING DATE 121ASSYSTEM
REGISTRATION DOCUMENT
2016
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