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
financial year

 

 

 

 

IAS 1 (Amendment)

Presentation of Items of
Other Comprehensive Income

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
Joint Ventures

1 January 2013

2013

IAS 7 (Amendment)

Disclosures – Offsetting Financial
Assets and Financial Liabilities

 

2013

IFRS 10

Consolidated Financial Statements  

1 January 2013

2013

IFRS 11

Joint Arrangements

1 January 2013

2013

IFRS 12

Disclosure of Interests in
Other Entities

1 January 2013

2013

IFRS 10/IFRS 11/IFRS 12 (Amendment)

Consolidated Financial Statements, Joint Arrangements, Disclosure
of Interests in Other Entities

1 January 2013

2013

IFRS 13

Fair Value Measurement

1 January 2013

2013

Improvements to IFRSs
(May 2012)

–

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.

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