COMMITMENT IN CHALLENGING TIMES - Ascom

aNet Investment in aForeignOperation”, IFRIC 15 –“Agreements forthe Construction of Real Estate”,
as well as IFRS Improvements published in May 2008 to various IFRSs. These standards have no effect
on theconsolidatedstatement of financial position or statementofcomprehensive income of Ascom
Group,astheyare either mostly disclosure regulationsorare of little significancetoAscom Group.
b) The following new and revised standards and interpretations have been issued but are not yet
effective. They have not been early adopted in these consolidated financial statements.
Standard Assessment
Effective
date
Planned
application
by Ascom
IAS27(Revised) –“Consolidated andSeparate Financial Statements” * 1.7.2009 2010
IFRS3(Revised) –“BusinessCombinations” *** 1.7.2009 2010
IFRIC 17 –“Distributions of Non-cash Assets to Owners” andconsequential
amendment of IFRS5–“Non-currentAssetsHeld forSaleand Discontinued
Operations”
* 1.7.2009 2010
IAS39(Amendments) –“Eligible HedgedItems” * 1.7.2009 2010
IFRIC 18 –“Transfers of Assets from Customers” * 1.7.2009 2010
IFRS2(Amendments) –“Group Cash-settled Share-based Payment
Transactions”
*** 1.1.2010 2010
IFRS1(Amendments) –“AdditionalExemptions forFirst-timeAdopters” * 1.1.2010 2010
IAS32(Amendments) –“ClassificationofRightsIssues” * 1.2.2010 2011
IFRIC 19 –“ExtinguishingFinancial LiabilitieswithEquity Instruments” * 1.7.2010 2011
IAS24(Revised) –“RelatedParty Disclosures” * 1.1.2011 2011
IFRIC 14 (Amendments) –“Prepayments of aMinimum FundingRequirement” *** 1.1.2011 2011
IFRS9–“Financial Instruments” *** 1.1.2013 2013
IFRSImprovementspublished in April2009tovarious IFRSs **
1.7.2009
–1.1.2010
* Noimpactornosignificantimpactexpectedonthe consolidated financial statements.
** The impact on theconsolidatedfinancial statements is expectedtoresultinadditionaldisclosures or
changes in presentations.
*** The impact on theconsolidatedfinancial statements cannot yetbedetermined with sufficientreliability.
1.2 Consolidation
ASCOM FINANCIAL STATEMENTS 2009 GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The consolidated financial statements cover Ascom Holding Ltd. and all companies over which
the Group has the power to govern the financial and operating policies generally accompanying a
shareholding of more than one half of the voting rights. The existence and effect of potential voting
rights that are currently exercisable or convertible are considered when assessing whether the Group
controls another entity. The list of the significant Group companies is included under note 37. The
purchase method of accounting is used to account for the acquisition of subsidiaries by the Group. The
cost of an acquisition is measured as the fair value of the assets given, equity instruments issued and
liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisi-
tion. Identifiable assets acquired and liabilities and contingent liabilities assumed in abusiness com-
bination are measured initially at their fair values at the acquisition date, irrespective of the extent of
any minority interest. The excess of the cost of acquisition over the fair value of the Group’s share of
the identifiable net assets acquired is recorded as goodwill. If the cost of acquisition is less than the
fair value of the net assets of the subsidiary acquired, the difference is recognized as gain in profit or
loss on the acquisition date. Percentages in capital correspond to percentages in voting rights held.
2010
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