Annual Report 2009/10 Excellence in Retailing - Douglas Holding

122 Financial statements
Facts & figures
Consolidated income statement
Consolidated balance sheet
Statement of changes in Group equity
Segment reporting
Consolidated Cash Flow statement
Notes
Notes to the income statement
Notes to the balance sheet
Auditor’s report
Since the new or revised standards and interpretations relevant to DOUGLAS HOLD-
ING AG did not lead to a retrospective adjustment of prior year figures, the presentation
of a third balance sheet column has been waived.
In addition to the mandatory standards and interpretations to be adopted in the consolidated
financial statements as of September 30, 2010, there are other new and/or revised
standards and interpretations that are not yet applicable to annual periods beginning
on October 1, 2009.
IFRS 1 “First Time Adoption of International Financial Reporting Standards”
For purposes of reducing costs and additional burdens, additional simplifications were
agreed to for the first time adoption of this IFRS. The simplifications are to be applied for
annual periods beginning on or after January 1, 2010. These revisions were recognized by
the EU Commission in July 2010.
IFRS 1 “First Time Adoption of International Financial Reporting Standards” and
IFRS 7 “Financial Instruments: Disclosures”
The amendments made to IFRS 7 in connection with IFRS 1 provide simplifications for
first time adoption with respect to the presentation of prior year comparative information
for financial instruments. The simplifications are to be applied for annual periods beginning
on or after July 1, 2010. These revisions have already been endorsed by the EU Commission.
IFRS 1 “First Time Adoption of International Financial Reporting Standards” and
IAS 27 “Consolidated and Separate Financial Statements”
These amendments, which were issued in May 2008, contain rules with respect to acquisition
costs incurred for joint ventures and associated companies and are to be applied
for annual periods beginning on or after January 1, 2009. The EU Commission recognized
these amendments in January 2009.
IFRS 2 “Share based-Payment – Vesting Conditions and Cancellations”
IFRS 2 has been modified for the presentation of share based-payment in the financial
statements of subsidiaries. The amendments are to be applied for annual periods beginning
on or after January 1, 2010. The EU Commission recognized this amendment as part
of the Endorsement proceedings.
IFRS 9 “Financial Instruments”
IFRS 9 is the first standard that will replace IAS 39 in the future, as part of the new accounting
rules for financial instruments. According to IFRS 9, financial instruments shall
be generally classified into two categories and depending on this classification, will be
measured either at amortized cost or Fair Value. IFRS 9 is to be applied for annual periods
beginning on or after January 1, 2013. This amendment has not yet been recognized by
the EU Commission as part of the Endorsement proceedings.
IAS 24 “Related Party Disclosures”
As part of the revisions made to IAS 24, the definition of related companies and persons
has been modified. In addition, the disclosure requirements for companies in the