100 % FUTURE - ALNO

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• Improvements to IFRSs 2009:
Improvements to IFRSs 2009 relate to a group of standards reflecting modifications to various
standards and interpretations. With the exception of regulations that are referred to separately
below, the ALNO Group is assuming that these amendments will continue to have no effect on its
consolidated financial statements in the future:
IFRS 8 – Operating Segments: The disclosure of assets is now only required if used in standard
reporting. Assets form part of regular reporting at the ALNO Group, and will consequently continue
to be listed in segment reporting.
IAS 7 – Cash Flow Statements: This clarifies that expenses may only be classified as investment
expenditure if they result in the recognition of an asset in the balance sheet.
IAS 17 – Leases: The special guidelines for the classification of land leases were abolished. The
general guidelines will apply in the future.
IAS 36 – Impairment of Assets: This clarifies that a cash generating unit to which goodwill is allocated
as part of a business combination may not be larger than an operating segment in the meaning of
IFRS 8. Any aggregation of individual operating segments permitted under IFRS 8 to form a reportable
segment is consequently not a permissible level at which goodwill can be tested for impairment.
Published standards that do not yet require mandatory application
The IASB also issued or amended the following standards and interpretations, which were adopted
by the European Union but whose application is not yet mandatory, and will not be applied voluntarily
ahead of time. They are to be used for reporting periods that start on or after the date they come
into effect.
• Amendments to IAS 24 – Related Party Disclosures (comes into effect on: January 1, 2011)
• Amendments to IAS 32 – Financial Instruments: Presentation (comes into effect on: February 1, 2010)
• Improvements to IFRSs 2010 (comes into effect on: January 1, 2011; exception: amendments to
IAS 21, 27, 28 and 31, as well as IFRS 3, which come into effect already on July 1, 2010)
• Amendments to IFRIC 14 – Prepayments of a Minimum Funding Requirement (comes into effect
on: January 1, 2011)
• IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments (comes into effect on: July 1, 2010)
The following section details the provisions which are relevant to the ALNO Group, and their impacts
on the consolidated financial statements.
• Amendments to IAS 24 – Related Party Disclosures:
Changes to IAS 24 have led to a change in the definition of related parties. In addition, governmentrelated
entities have been exempted from the requirement to provide information on transactions with
the government and other entities over which the same government has control. Both amendments
have no effect on the consolidated financial statements of ALNO AG.