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ANNUAL REPORT 2007 | 2008 - Gimv

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6. IMPACT OF NEW OR AMENDED STANDARDS<br />

APPLICABLE AFTER 31 MARCH <strong>2008</strong><br />

The group has chosen not to apply prematurely the standards<br />

and interpretations that are applicable after 31 March <strong>2008</strong>.<br />

These new or revised standards include:<br />

IFRS 8 Operating Segments<br />

IAS 1 Presentation of Financial Statements – Revised<br />

IAS 23 Borrowing costs – Revised<br />

The <strong>Gimv</strong> group does not expect these amendments to have a<br />

material impact on the annual accounts when applied for the<br />

fi rst time.<br />

7. SIGNIFICANT JUDGEMENTS AND ESTIMATES<br />

In putting together the balance sheet and income statement,<br />

estimates or assumptions are often made that infl uence the<br />

assets or liabilities reported at balance sheet closing date and<br />

the income and charges for the reporting period.<br />

Although such estimates are made in a rational fashion, based<br />

on management’s knowledge of the business, it is possible that<br />

actual fi gures will differ from the estimated fi gures. The largest<br />

risk of material adaptations relates to the estimates made in<br />

determining the fair value of the fi nancial assets and loans to<br />

companies in the investment portfolio (done in accordance with<br />

the valuation rules described under item 5.11).<br />

| 117

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