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Notes to the financial statements of the Investkredit Group.
ACCOUNTING PRINCIPLES.
(1) GENERAL PRINCIPLES. The consolidated financial statements of Investkredit Bank AG (the Investkredit Group) were prepared on
the basis of the International Accounting Standards (IAS) adopted and published by the International Accounting Standards Board
(IASB). The statements qualify under the relevant legislation for exemption from the requirement to present a Group Financial
Statement according to Austrian commercial law. In its accounting, the Investkredit Group is guided in principle by all interpretations
adopted and published as at the balance sheet date by the Standing Interpretations Committee (SIC), even though they may not
enter into force until later. Accounts are presented according to uniform Group methods. The financial statements of the Investkredit
Group are based on the following relevant International Accounting Standards:
IAS 1 Presentation of Financial Statements
IAS 4 Depreciation Accounting
IAS 7 Cash flow Statements
IAS 8 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies
IAS 10 Contingencies and Events After the Balance Sheet Date
IAS 12 Income Taxes
IAS 14 Segment Reporting
IAS 16 Property, Plant and Equipment
IAS 17 Accounting for Leases
IAS 18 Revenue
IAS 19 Employee Benefits
IAS 21 The Effects of Changes in Foreign Exchange Rates
IAS 22 Business Combinations
IAS 23 Borrowing Costs
IAS 24 Related Party Disclosures
IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries
IAS 28 Accounting for Investments in Associates
IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions
IAS 32 Financial Instruments: Disclosures and Presentation
IAS 33 Earnings per Share
IAS 36 Impairment of Assets
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
IAS 38 Intangible Assets
IAS 39 Financial Instruments: Recognition and Measurement
IAS 40 Investment Property
(2) CONSOLIDATED ENTERPRISES. A list of all enterprises included in the financial statements of the Investkredit Group is presented
under point 35 (Disclosure of equity investments). The group of fully consolidated related enterprises includes not only the parent
company Investkredit Bank AG (hereinafter referred to as “Investkredit“) but also 29 Austrian and foreign enterprises (as compared
with 21 in the previous year), the most important of which are Kommunalkredit Austria AG, Vienna (hereinafter referred to as
“Kommunalkredit“) and the Investkredit International Bank p.l.c., Sliema/Malta. In the financial year, the following 14 companies
were included for the first time:
Notes
THE BANK FOR CORPORATES
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