1 Basic principles
The consolidated semi-annual financial statements 2013 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 (DFR) 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 2012 consolidated financial statements.
Since 1 January 2013, the following new or amended IFRS accounting standards and interpretations have been used in the consolidated financial statements for the first time:
Standard/Interpretation | Description | Entry into force | Application from |
|
|
|
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IAS 1 (Amendment) | Presentation of Items of | 1 July 2012 | 2013 |
IAS 19 (Amendment) | Employee Benefits | 1 January 2013 | 2013 |
IAS 27 | Separate Financial Instruments | 1 January 2013 | 2013 |
IAS 28 | Investments in Associates and | 1 January 2013 | 2013 |
IAS 7 (Amendment) | Disclosures – Offsetting Financial |
| 2013 |
IFRS 10 | Consolidated Financial Statements | 1 January 2013 | 2013 |
IFRS 11 | Joint Arrangements | 1 January 2013 | 2013 |
IFRS 12 | Disclosure of Interests in | 1 January 2013 | 2013 |
IFRS 10/IFRS 11/IFRS 12 (Amendment) | Consolidated Financial Statements, Joint Arrangements, Disclosure | 1 January 2013 | 2013 |
IFRS 13 | Fair Value Measurement | 1 January 2013 | 2013 |
Improvements to IFRSs | – | 1 January 2013 | 2013 |
In the first half of 2013, the scope of consolidation changed as a result of the merger of the two project companies Allreal Markthalle AG and PM Management AG under Allreal Generalunternehmung AG. As all said companies were held, either directly or indirectly, 100% by Allreal Holding AG, this had no financial impact on the consolidated semi-annual financial statements for 2013.
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 2013, 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 2013 were approved by the Board of Directors of Allreal Holding AG on 12 August 2013.