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60
Hamon Annual Report 2010
6. Notes to the consolidated financial statements
1. General information
Hamon & Cie (International) SA (hereafter called
‘Hamon’ or ‘the Company’) is a limited liability company
under Belgian law. Its registered office is Axisparc, rue
Emile Francqui 2, B-1435 Mont-St-Guibert, Belgium;
telephone: 32 10 39 04 00.
The principal activities of Hamon and the various
subsidiaries of the Group are described in the first part
of this annual report.
The legislation governing the activities of Hamon & Cie
(International) is Belgian law or the law of the countries
in which its subsidiaries are established. The country of
origin of the Company is Belgium.
The Company’s financial year begins on the 1st January
and closes on the 31 December of each year.
The Company was founded on 31 December 1927 for
an unlimited period.
The Company registration number is 0402.960.467.
2. Declaration of compliance
and responsibility
The consolidated financial statements were approved by
the Board of Directors on 28 February 2011.
We declare that to our knowledge:
■ The consolidated financial statements have been
prepared according to the International Financial
Reporting Standards (IFRS) as approved by the
European Union.
■ The financial statements are an accurate view of the
assets, the financial situation and results of the Group.
■ The Management report is an accurate review of the
ongoing business, the results and the situation of the
Group and it includes a description of the main risks
and uncertainties which the Group is facing.
28 February 2011.
Francis Lambilliotte, Managing Director
Bernard Van Diest, CFO
3. Principal accounting standards
Principal accounting standards
These consolidated financial statements have been
prepared in accordance with International Financial
Reporting Standards.
They have been prepared on the basis of the historical
cost convention except for some financial instruments
measured at fair value in conformity with IAS 39.
The financial statements are presented in thousands of
Euros, rounded to the nearest thousand.
Standards and Interpretations that became applicable
in 2010
This year, the Group has adopted new interpretations
and amendments to the following Standards applicable
for accounting years beginning on 1st January 2010:
■ IFRS 3 Business Combinations (revised in 2008)
(applicable to business combinations for which the
acquisition date is on or after the beginning of the first
annual period beginning on 1 January 2010).
■ Improvements to IFRS (2008-2009) (normally
applicable for the annual period beginning on 1
January 2010).
■ Amendment to IFRS 2 Share-based Payment
(applicable for the annual period beginning on
1 January 2010).
■ Amendment to IAS 27 Consolidated and Separate
Financial Statements (revised in 2008) (applicable
for the annual period beginning on 1 January 2010).
■ Amendments to IAS 39 Financial Instruments:
Recognition and Measurement – Eligible Hedged
Items (applicable for the annual period beginning
on 1 January 2010).
■ IFRIC 12 Service Concession Arrangements
(applicable for the annual period beginning on
1 January 2010).
■ IFRIC 15 Agreements for the construction of real
estate (applicable for the annual period beginning
on 1 January 2010).
■ IFRIC 16 Hedge of a net investment in a foreign
operation (applicable for the annual period beginning
on 1 January 2010).
■ IFRIC 17 Distribution of Non-cash Assets to Owners
(applicable for the annual period beginning on
1 January 2010).
■ IFRIC 18 Transfers of Assets from Customers
(applicable for the annual period beginning on
1 January 2010).