Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Changes in accounting standards50The accounting principles adopted for the first half of 2013 are essentially the same as those usedin the prior year, as indicated below in the paragraph below “Accounting principles, amendmentsand interpretations applied by the Group from the current year”. In particular, since reporting isbased on an interim period, the requirements of IAS 34 “Interim Financial Reporting” arecomplied with.A summary is provided in the following paragraphs “Accounting principles, amendments andinterpretations approved by the European Union but applicable after June 30, 2013” and“Accounting principles, amendments and interpretations not yet approved by the EuropeanUnion” of the changes that will be adopted in future periods, stating the expected effects onthe A2A Group’s half-yearly financial report to the extent this is possible.Accounting principles, amendments and interpretations applied bythe Group from the current yearA series of amendments introduced by international accounting standards andinterpretations have been applied, none of which however has led to a significant effect on theGroup’s financial statements. The main changes are described in the following:• IAS 1 - “Presentation of Financial Statements” - presentation of Items of OtherComprehensive Income: this amendment, applicable from July 1, 2012, was issued on June5, 2012 and regards the classification of items in “other comprehensive income” on thebasis of whether they are potentially reclassifiable to profit or loss subsequently;• IFRS 1 “Government Loans”: this amendment, applicable from January 1, 2013, was issuedon March 12, 2012 and regards government loans at a below-market rate of interest. Morespecifically, the amendment requires that a first-time adopter must classify all outstandinggovernment loans received as a financial liability or an equity instrument in accordancewith IAS 32 “Financial Instruments: Presentation”. In addition, the amendment states thata first-time adopter may not recognize the corresponding benefit of a government loan ata below-market rate of interest as a government grant;• IFRS 7 “Financial Instruments: Disclosures”: on December 16, 2011 the IASB issued anamendment to this standard “Disclosures - Offsetting Financial Assets and Financial