100 % FUTURE - ALNO

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2. AMENDMENTS TO ACCOUNTING METHODS
Newly applicable standards
The ALNO Group observed the amended or new standards and interpretations from the IASB, for
which application is mandatory in 2010 to the extent that these had been adopted by the EU. In
detail, these were:
• Amendments to IFRS 2 – Share-based Payment
• Amendments to IFRS 3 – Business Combinations
• Amendments to IFRS 5 as part of improvements of IFRS 2008
• Amendments to IAS 27 – Consolidated and Separate Financial Statements
• Amendments to IAS 39 – Financial Instruments: Recognition and Measurement
• IFRIC 12 – Service Concession Arrangements
• IFRIC 15 – Agreements for the Construction of Real Estate
• IFRIC 16 – Hedging of a Net Investment in a Foreign Operation
• IFRIC 17 – Distribution of Non-cash Assets to Owners
• IFRIC 18 – Transfers of Assets from Customers
• Improvements to IFRS 2009
The following section details the provisions which are relevant to the ALNO Group, and their impacts
on the consolidated financial statements.
• Amendments to IFRS 3 – Business Combinations:
This standard was subject to extensive revision as part of the convergence project (IASB and FASB).
The key changes relate particularly to the introduction of an option when measuring non-controlling
(minority) interests between reporting proportional identifiable net assets (the so-called purchased
goodwill method), and the so-called full goodwill method, whereby the entire goodwill of the acquired
company is reported, including the portion attributable to minority (non-controlling) interests. Incidental
purchase costs are to be expensed immediately in the future. Further notable changes include
the re-measurement of existing participating interests through profit or loss when control is obtained
for the first time (step acquisitions), and the mandatory recognition of any consideration attached
to the occurrence of future events. The accounting treatment of assets and liabilities resulting from
business combinations before the first-time application of the new standard has not resulted in any
changes to the consolidated financial statements on the basis of prospective application.
• Amendments to IAS 27 – Consolidated and Separate Financial Statements:
The changes result from the joint project by IASB and FASB to revise the accounting standards
that apply to business combinations. The changes primarily relate to accounting for non-controlling
interests (minority interests) that will participate in their full amount in future in the Group’s losses,
and transactions which lead to a loss of control at a subsidiary, and for which the impact is to be
recognized in income in future. Remaining interests are to be measured at fair value. The effects of
the sale of participating interests which do not lead to a loss of control are, in contrast, to be taken
directly to equity. First-time compliance has resulted in no changes to ALNO AG’s consolidated
financial statements.