1 Basic principles
The 2015 consolidated semi-annual financial statements 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 SIX Swiss Exchange. The same principles of accounting apply as for the 2014 consolidated financial statements. The scope of consolidation remains unchanged.
Since 1 January 2015, 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 |
|
|
|
|
IAS 19 (Amendment) | Employee Benefits entitled | 1 July 2014 | 2015 |
Improvement to IFRSs (2010–2013) | Cycle – various standards | 1 July 2014 | 2015 |
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 2015, no unusual events occurred that had a material impact on the assets, financial position and earnings of the Allreal Group.
The 2015 consolidated semi-annual financial statements were approved by the Board of Directors of Allreal Holding AG on 20 August 2015.