SECTION 1 -

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New Services: Historical Combined Financial Statements and Notes
December, 31, 2009
• IFRS 8 – Operating Segments, which replaces IAS 14 – Segment Reporting. While IAS 14 required segment information
to be presented in two reporting formats (the business segment and the geographical segment), IFRS 8 requires
disclosure of information about the Group's operating segments as defined for internal reporting purposes. An
operating segment is a component of an entity whose operating results are regularly reviewed by the entity’s chief
operating decision maker to make decisions about resources to be allocated to the segment and assess its
performance. Application of IFRS 8 has not led to any change in the definition of geographic segments compared with
that applied under IAS 14. Similarly, the indicators tracked by management correspond to those already presented for
the purpose of applying IAS 14. Consequently, applying the new standard has no impact on the presentation of New
Services' historical combined financial statements or on the allocation of goodwill to cash‐generating units (CGUs).
• IAS 1 revised – Presentation of Financial Statements: application of this revised standard led to the following changes in
the structure of New Services' financial statements without any effect on its financial position:
o The statement of changes in equity only shows transactions with shareholders. Other items are now included
in the statement of comprehensive income.
o Changes in assets and liabilities during a period are presented in two statements, a statement displaying
components of profit or loss (separate income statement) and a second statement beginning with profit or
loss and displaying components of other comprehensive income (statement of comprehensive income).
New Services has decided to not to change the titles of its financial statements based on the titles used in IAS 1
(revised).
• IFRIC 13 – Customer Loyalty Programmes: application of this interpretation had no effect on reported comparative
information as New Services does not have any customer loyalty programmes.
• Amendment to IAS 23 – Borrowing Costs: Borrowing costs that are directly attributable to the acquisition, construction
or production of a qualifying asset were already capitalized as part of the cost of that asset and the amendment
therefore had no impact on the financial statements.
• Amendment to IFRS 2 – Vesting Conditions and Cancellations: this amendment clarifies that all non‐vesting conditions
should be taken into account in the estimate of the fair value of equity instruments granted under share‐based
payment plans. It also stipulates that if an entity or the grantee can choose whether to meet a non‐vesting condition,
the entity’s or grantee's failure to meet that non‐vesting condition during the vesting period should be treated as a
cancellation. Application of this amendment had no effect on the financial statements for the periods presented.
• Amendment to IAS 32 and IAS 1 – Puttable Financial Instruments and Obligations Arising on Liquidation: the
amendment requires financial instruments puttable at fair value and obligations arising on liquidation to be classified in
equity and not in debt, as was previously the case. This amendment does not apply to puts and calls on minority
interests. Application of this interpretation had no effect on reported comparative information as New Services did not
have any puttable financial instruments at December 31, 2008.
• Amendment to IFRS 1 and IAS 27 ‐ Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate: this
amendment only applies to the separate financial statements and its application therefore had no effect on New
Services' historical combined financial statements.
• IFRIC 11 – IFRS 2: Group and Treasury Share Transactions: New Services early adopted this interpretation at January 1,
2008. Its application had no impact on the financial statements.
• IFRIC 14 – IAS 19: The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction:
application of this interpretation had no effect on the financial statements for the periods presented.
• Revised amendment to IAS 39 and IFRS 7 – Reclassification of Financial Assets: Effective Date and Transition. New
Services has not applied the amendment to IAS 39 and IFRS 7 that allows the reclassification of certain financial assets,
as it would have no effect on the historical combined financial statements for the periods presented.
• Amendments to IFRIC 9 and IAS 39 “Embedded Derivatives”. New Services has not applied the Amendment to IAS 39
and IFRS 7, which has since been revised and allows the reclassification of certain financial assets. Consequently,
amendments to IFRIC 9 and IAS 39 have no impact on the Group’s financial statements.