IMMOEAST Annual Report 2006/07

184 IMMOEAST Annual Report 2006/07
IAS 1.116
3.17 Estimates
In preparing the consolidated financial statements, it is necessary to estimate certain figures (for example, with
respect to the parameters for property valuation, see 3.4) and make assumptions that influence the recording of
assets and liabilities, the declaration of other obligations as of the balance sheet date, and the recording of revenues
and expenses during the reporting period. The actual figures that become known at a later time may differ from these
estimates. The preparation of these financial statements required the use of estimates for the recognition and measurement
of provisions, impairment charges and actuarial parameters as well as the determination of the fair value
of properties, the calculation of net asset value and triple net asset value, and the determination of outstanding
construction costs.