annual financial statement 2011 - conwert Immobilien Invest SE

Annual Financial Statement 2011
Notes to the Individual Financial Statements of
conwert Immobilien Invest SE
1. Significant accounting policies
1.1. General information
The annual financial statements were prepared in accordance with Austrian generally
accepted accounting principles as well as the general objective of providing a true and fair
view of the asset, financial and earnings position of the company.
The principle of completeness was observed in preparing the individual financial statements.
The income statement was prepared in accordance with the nature of expense method under
which “total costs“ are shown.
The valuation methods applied to the 2010 financial statements were also applied in preparing
the annual financial statements for 2011.
Assets and liabilities were valued individually.
The valuation also reflects the assumption that the company will continue as a going concern.
The principle of conservatism was observed in that only those profits realised as of the
balance sheet date were included in the annual financial statements. Recognisable risks and
impending losses that occurred during the reporting year or in a previous accounting period
were also included in the annual financial statements, even if these circumstances first became
known between the balance sheet date and the date the annual financial statements were
prepared.
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