1 Basic principles
The consolidated semi-annual financial statements 2014 were prepared in accordance with International Financial Reporting Standard IAS 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. The same principles of accounting apply as for the 2013 consolidated financial statements. The scope of consolidation remains unchanged.
Since 1 January 2014, 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 32 (Amendment) | Offsetting Financial Assets and | 1 January 2014 | 2014 |
IAS 36 (Amendment) | Recoverable Amount Disclosures | 1 January 2014 | 2014 |
IAS 39 (Amendment) | Novation of Derivatives and | 1 January 2014 | 2014 |
IFRS 10 / IFRS 12 / IAS 27 | Investment Entities | 1 January 2014 | 2014 |
IFRIC Interpretation 21 Levies | –– | 1 January 2014 | 2014 |
The revised standards and the new interpretations 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 2014, 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 2014 were approved by the Board of Directors of Allreal Holding AG on 12 August 2014.