Navigation aid

DES - Online Annual Report 2008

My Annual Report

Store page
My Annual Report

Changes in accounting policies

The International Accounting Standards Board (IASB) has issued several amendments to the existing International Financial Reporting Standards (IFRSs), as well as a number of new IFRSs, which are required to be applied effective 1 January 2008. The following IFRSs were applied for the first time during the year under review:

The application of these interpretations did not result in any changes of accounting policies within the Group.

The following new or revised Standards and Interpretations relevant to the Group’s business activities were published as of 31 December 2008 but are not yet required to be applied as of the balance sheet date:

Continue reading: Revenue and expense recognition

Back to: Currency translation