Page 67 - Restamax Plc Annual Report 2017

Contents

A. Consolidated financial statements
Annual report from the Board of Directors ................................................................................................ 68
Group income statement (IFRS) ................................................................................................................ 77
Group balance sheet (IFRS) ...................................................................................................................... 78
Consolidated statement of changes in equity ............................................................................................. 79
Group cash flow statement (IFRS) ............................................................................................................ 80
1 Notes to consolidated financial statements ..................................................................................... 81
Basic company information ........................................................................................................... 81
Accounting principles .................................................................................................................... 81
New standards and interpretations applied ..................................................................................... 81
2 Accounting principles requiring the management’s consideration
and key factors of uncertainty related to values ............................................................................... 82
3 Accounting principles of the consolidated financial statements ........................................................ 83
Consolidation principles ................................................................................................................ 83
Segment reporting ........................................................................................................................ 83
Items denominated in a foreign currency ........................................................................................ 84
Property, plant and equipment ...................................................................................................... 84
Intangible assets ........................................................................................................................... 84
Impairment of tangible and intangible assets .................................................................................. 84
Lease agreements ......................................................................................................................... 85
Inventories ................................................................................................................................... 85
Pension obligations ....................................................................................................................... 85
Income recognition principles ........................................................................................................ 85
Non-current asset items classified as held for sale and discontinued operation ................................. 85
EBITDA and operating profit .......................................................................................................... 86
Provisions and contingent liabilities ............................................................................................... 86
Income taxes ................................................................................................................................ 86
Financial assets and liabilities ........................................................................................................ 87
Borrowing costs ............................................................................................................................ 87
Share capital ................................................................................................................................ 87
Dividend distribution .................................................................................................................... 88
New and revised standards and interpretations to be applied later .................................................... 88
4 Management of financial risks ....................................................................................................... 89
5 Acquired business operations ......................................................................................................... 91
6 Sold business operations ............................................................................................................... 97
7 Earnings per share ........................................................................................................................ 98
8 Operating segments ...................................................................................................................... 99
9 Intangible assets ........................................................................................................................... 100
10 Property, plant and equipment ...................................................................................................... 103
11 Shares in associated companies and joint ventures .......................................................................... 104
12 Inventories ................................................................................................................................... 104
13 Receivables ................................................................................................................................... 105
14 Financial assets available for sale ................................................................................................... 106
15 Cash and cash equivalents ............................................................................................................. 106
16 Equity .......................................................................................................................................... 107
17 Deferred tax assets and liabilities ................................................................................................... 108
18 Provisions .................................................................................................................................... 110
19 Financial liabilities ........................................................................................................................ 111
20 Trade payables and other liabilities ................................................................................................ 112
21 Turnover ...................................................................................................................................... 112
22 Other operating income ................................................................................................................. 112
23 Materials and services ................................................................................................................... 113
24 Costs related to employment benefits ............................................................................................. 113
25 Depreciations, amortisations and impairment ................................................................................. 114
26 Other operating expenses .............................................................................................................. 114
27 Financial income and expenses ...................................................................................................... 115
28 Income taxes ................................................................................................................................ 115
29 Events of related entities ............................................................................................................... 116
30 Auditor’s fees ............................................................................................................................... 117
31 Subsidiaries and associated companies ........................................................................................... 118
32 Other lease agreements ................................................................................................................. 121
33 Conditional liabilities and assets and commitments ......................................................................... 122
34 Classification of financial assets and liabilities ................................................................................ 122
35 Adjustments to operating cash flows .............................................................................................. 123
36 Net liabilities balancing calculation ................................................................................................ 124
37 Fair values of financial instruments ............................................................................................... 124
38 Key events occurring after the closing date ..................................................................................... 126
39 Calculation formulas for key figures ............................................................................................... 127

B. Financial statements for parent company (FAS)
Income statement for parent company (FAS) ....................................................................................... 130
Balance sheet for parent company (FAS) .............................................................................................. 131
Notes ................................................................................................................................................ 133
Statement of cash flows (FAS) ............................................................................................................ 143
Signatures of the Board of Directors and CEO ....................................................................................... 144
Auditor’s note ................................................................................................................................... 144
Books and records .............................................................................................................................. 145

CONSOLIDATED FINANCIAL STATEMENTS 67