1   Basic principles

The consolidated semi-annual financial statements 2012 were prepared in accordance with International Accounting Standard 34 on interim financial reporting and conform to the Listing Rules as well as Article 17 of the Directive on Financial Reporting of the SIX Swiss Exchange.

With the exception of the adjustments outlined under Note 2, the same principles of accounting shall apply as for the 2011 consolidated financial statements. With the acquisition of the Hammer Retex Group as at 4 April 2012, the scope of consolidation expanded by the acquired companies with effect from the acquisition date, see Note 8.

Since 1 January 2012, the following new IFRS accounting standards and interpretations have been used in the consolidated financial statements for the first time:

  • IAS 12: Deferred Tax: Recovery of Underlying Assets (Amendment)
  • IAS 7: Financial Instruments: Transfers of Financial Assets (Amendment)

The revised standards have no significant impact on the consolidated result or on the consolidated equity of the Allreal Group.

Seen over the course of the year, individual business activities of the Allreal Group are subject to fluctuations, in particular in the Projects & Development division; for instance, the planning and execution of construction projects or the sale of development real estate. In the first half of 2012, no unusual events occurred that had a material impact on the assets, financial position and earnings of the Allreal Group.

The consolidated semi-annual financial statements 2012 were approved by the Board of Directors of Allreal Holding AG on 16 August 2012.

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