ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
ANNUAL REPORT 2011 - Kuehne + Nagel
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62<br />
Consolidated Financial Statements <strong>2011</strong> _ _ _ _ _ _ Accounting Policies<br />
Standard/interpretation Effective date Planned application<br />
Amendments to IFRS 7 Disclosures – Transfers of Financial Assets 1 1 July <strong>2011</strong> reporting year 2012<br />
Amendments to IAS 12 Deferred Tax: Recovery of Underlying Assets 1 1 January 2012 reporting year 2012<br />
Amendments to IAS 1 Presentation of Items of Other Comprehensive Income 2 1 July 2012 reporting year 2013<br />
Amended IAS 19 Employee Benefits 2 1 January 2013 reporting year 2013<br />
IFRS 10 Consolidated Financial Statements 3 1 January 2013 reporting year 2013<br />
IFRS 11 Joint Arrangements 1 1 January 2013 reporting year 2013<br />
IFRS 12 Disclosure of Interests in Other Entities 2 1 January 2013 reporting year 2013<br />
Amended IAS 28 Investments in Associates and Joint Ventures 1 1 January 2013 reporting year 2013<br />
IFRS 13 Fair Value Measurement 2 1 January 2013 reporting year 2013<br />
Amendments to IFRS 7 Disclosures – Offsetting Financial Assets and Financial Liabilities 1 1 January 2013 reporting year 2013<br />
Amendments to IAS 32 – Offsetting Financial Assets and Financial Liabilities 1 1 January 2014 reporting year 2014<br />
IFRS 9 Financial Instruments 3 1 January 2015 reporting year 2015<br />
IFRS 9 Financial Instruments and related amendments to IFRS 7 regarding transition 1 1 January 2015 reporting year 2015<br />
1 No or no significant impacts are expected on the Consolidated Financial Statements.<br />
2 The impact on the Consolidated Financial Statements is expected to result in additional disclosures or changes in presentation.<br />
3 The impact on the Consolidated Financial Statements can not yet be determined with sufficient reliability.<br />
4 Scope of consolidation<br />
The Group’s significant subsidiaries and joint ventures are<br />
listed on pages 114 to 119. The more significant changes in the<br />
scope of consolidation in <strong>2011</strong> relate to the following companies<br />
There were no significant divestments in the year <strong>2011</strong>.<br />
(for further information on the financial impact of acquisitions<br />
refer to note 43):<br />
Capital share 1 Currency Share capital Acquisition/<br />
acquired in per cent in 1,000 incorporation date<br />
equals voting rights<br />
Acquisition<br />
Rennies Investment Ltd., Great Britain 100 GBP < 1 April 1, <strong>2011</strong><br />
Cooltainer Holdings Limited, New Zealand 75 NZD 1,200 April 1, <strong>2011</strong><br />
Eichenberg Group, Brazil 100 BRL 5,349 September 1, <strong>2011</strong><br />
K-Logistics, France<br />
J. van de Put Fresh Cargo Handling B.V.,<br />
100 EUR 91 September 2, <strong>2011</strong><br />
the Netherlands 100 EUR 18 October 1, <strong>2011</strong><br />
Carl Drude GmbH & Co. KG, Germany 100 EUR 250 October 24, <strong>2011</strong><br />
Amex Ltd., Israel 2 12.5 ILS 2 December 1, <strong>2011</strong><br />
Incorporation<br />
Nacora S.A., Colombia 100 COP 20 April 1, <strong>2011</strong><br />
<strong>Kuehne</strong> + <strong>Nagel</strong> Syria LLC, Syria 100 SYP 7,000 July 1, <strong>2011</strong><br />
Masika Limited, Kenya 100 KES 40 October 1, <strong>2011</strong><br />
KN Ibrakom Lojistik Hizmetleri Ltd. Sti., Turkey 60 TRY 945 November 1, <strong>2011</strong><br />
1 For the capital share as per December 31, <strong>2011</strong>, please refer to the list of the Group’s significant subsidiaries and joint ventures on pages 114 to 119.<br />
2 The Group previously owned 75 per cent of the share capital and applied the full consolidation method.