PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

136Consolidated Financial Statements of gildemeister Aktiengesellschaft: Notes to the Consolidated Financial StatementsNotes to the Consolidated Financial Statements ofgildemeister Aktiengesellschaftconsolidated financialstatements1 application ofregulations2 consolidated groupAccounting policies of the financial statementsThe Consolidated Annual Financial Statements for gildemeister Aktiengesellschaft asat 31 December 2010 were prepared in accordance with the International FinancialReporting Standards (ifrs), as adopted by the European Union and their interpretation bythe International Accounting Standards Board (iasb), London, Great Britain, applicableon the reporting date. The Notes to the Consolidated Financial Statements include furtherexplanations pursuant to Section 315a of the German Commercial Code (hgb).The following disclosures include statements and comments that, pursuant to theifrs, must be included as notes to the consolidated financial statements along with theincome statement, the reconciliation to total comprehensive income for the reportingperiod, the balance sheet, the development of changes in equity and the statement ofcash flows.To enable a clearer and more comprehensible presentation, individual itemshave been combined in the balance sheet and in the income statement; these are shownseparately in the notes to the financial statements with further disclosures.The consolidated financial statements have been drawn up on an historical costbasis or at cost of production, exceptions to this are certain financial instruments andprovisions that are measured at fair value. The reporting currency is the euro. Unlessotherwise specified, all amounts are shown in thousand euro (€ k).gildemeister Aktiengesellschaft, with its registered place of business in Bielefeld,Gildemeisterstrasse 60, is the parent company of the gildemeister group and is a listedcompany under German law. gildemeister is a worldwide leading manufacturer ofcutting machine tools and offers innovative machine technologies, expert services andneeds-based software products. The Consolidated Financial Statements and the GroupManagement Report of gildemeister Aktiengesellschaft for the end of the reportingperiod as at 31 December 2010, will be available through the electronic Federal Gazette(Bundesanzeiger) and the Commercial Register, and are also available from our websitewww.gildemeister.com.The Executive Board of gildemeister Aktiengesellschaft released the ConsolidatedFinancial Statements and the Group Management Report on 4 March 2011 for submissionto the Supervisory Board. The Supervisory Board is responsible for inspectingthe Consolidated Financial Statements and for stating its approval of the ConsolidatedFinancial Statements.number of fully consolidated companies31 Dec. 2010 31 Dec. 2009National 28 27International 96 49Total 124 76