100 % FUTURE - ALNO

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• Improvements to IFRSs 2010:
These improvements to IFRSs 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 have no effect on its consolidated
financial statements:
IFRS 3 – Business Combinations: The number of measurement options is to be reduced. With regard
to components of non-controlling interests, which evidence a current ownership right, and entail
a claim to a percentage portion of net assets in the instance of liquidation, future measurement is
permissible either at fair value, or on the basis of the percentage share of the current ownership
right to the identifiable net assets of the acquired company. Other components of non-controlling
interests are to be measured at fair value calculated as of the acquisition date.
IFRS 7 – Financial Instruments: Disclosures: This standard clarifies that qualitative disclosures relating
to risks connected with financial instruments should support and clarify the respective quantitative
disclosures. Amendments to quantitative credit risk information envisage new disclosures for financial
assets relating to the amount that best reflects maximum credit risk. Disclosures that have been
required to date lapse in this connection.
IAS 1 – Presentation of Financial Statements: The analysis of other comprehensive income can be
presented in the future either in the statement of consolidated changes in equity, or in the notes to
the consolidated financial statements.
IAS 34 – Interim Financial Reporting: Events requiring mandatory reporting were supplemented in
the standard whereby it was clarified that the list is not conclusive.
IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments: This interpretation clarifies
that equity instruments issued to a creditor to extinguish a financial liability are to be classified as
consideration paid. The issued equity instruments are to be measured at fair value. If this fair value
cannot be measured reliably, measurement must be based on the fair value of the extinguished
liability. Gains and losses are to be recognized immediately through profit or loss. This interpretation
is to be complied with prospectively, and may be applied within the ALNO Group depending on
further restructuring agreements.
The following standards that were newly issued by the IASB, as well as the following amendments
to existing standards, have not yet been adopted by the European Union. They do not yet require
mandatory application, and have also not been voluntarily applied ahead of time.
• IFRS 9 – Financial Instruments: Classification and Measurement (comes into effect on: January 1, 2013)
• IFRS 10 – Consolidated Financial Statements (comes into effect on: January 1, 2013)
• IFRS 11 – Joint Arrangements (comes into effect on: January 1, 2013)
• IFRS 12 – Disclosure of Interests in Other Entities (comes into effect on: January 1, 2013)
• IFRS 13 – Fair Value Measurement (comes into effect on: January 1, 2013)
• Amendment to IFRS 7 – Financial Instruments: Disclosures (comes into effect on: July 1, 2011):
• An amendment to IAS 12: Deferred Tax (comes into effect on January 1, 2012)
The amendments must be applied for fiscal years commencing on or after the date when they come
into force. The following section details the provisions which are relevant to the ALNO Group, and
their impacts on the consolidated financial statements.