Drucken GB - MME moviement

purchase price, import duties and other non-refundable taxes and all directly attributable
costs incurred to bring the asset to its working condition. Any costs incurred
subsequently, such as repair and maintenance costs, are recorded as expenditures in
the period in which they are incurred. If costs of this kind can be proven to lead to an
increase in the future economic benefit expected to be obtained from the use beyond
its originally assessed standard of performance, they are shown as additional
acquisition and production costs.
Depreciation is spread over the foreseeable economic useful life, as follows:
Operating and business equipment 3 to 5 years
Vehicle fleet 3 to 10 years
The useful life and depreciation method are reviewed at the end of each financial
year and, if substantial changes have occurred to the expected useful life, are adjusted
accordingly. Unscheduled depreciation is applied to the recoverable current
value.
Financial assets
Financial assets are assessed as procurement costs. Due to probable long-term
depreciation an additional amortisation of the attributive current value is planned.
Inventories
Inventories are measured in accordance with IAS 2 at acquisition cost or production
cost, or at the lower value of cost and net realisable value on the balance sheet date.
The net realisable value is the net sales price less costs of completion, marketing and
distribution still payable. Acquisition and production costs are essentially determined
on the basis of individual costs apportioned to the project, as well as pro-rata, production-related
overhead.
In the case of finished productions, costs include the appropriate fixed and variable
overheads. Inventory items that can no longer be sold are written off.
NON-BINDING TRANSLATION
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