Annual Report 2009/10 Excellence in Retailing - Douglas Holding

124 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
annual periods beginning on or after January 1, 2010. The changes resulting from the Improvement
Process for 2009 have already been endorsed by the EU Commission.
IAS 1 “Presentation of Financial Statements”
IAS 7 “Statements of Cash Flow”
IAS 17 “Leases”
IAS 36 “Impairment of Assets”
IAS 38 “Intangible Assets”
IAS 39 “Financial Instruments: Recognition and Measurement”
IFRS 2 “Share-based Payment”
IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”
IFRS 8 “Operating Segments”
IFRIC 9 “Reassessment of Embedded Derivatives”
IFRIC 16 “Hedges of a Net Investment in a Foreign Operation”
The IASB also made minor changes to the standards and interpretations shown below
as part of the Annual Improvement Process for 2010; these have not yet been endorsed by
the EU Commission. These changes are to be applied for annual periods beginning on or
after January 1, 2011.
IFRS 1 “First Time Adoption of International Financial Reporting Standards”
IFRS 3 “Business Combinations”
IFRS 7 “Financial Instruments: Disclosures”
IAS 1 “Presentation of Financial Statements”
IAS 27 “Consolidated and Separate Financial Statements”
IAS 24 “Related Party Disclosures”
IFRIC 13 “Customer Loyalty Programmes”
With exception of the revised IAS 36 and IFRS 8, earlier application of the revisions to
the standards and interpretations detailed above has not been chosen by the DOUGLAS
Group and it does not believe these revisions will have a significant impact on the
DOUGLAS Group’s net assets, financial position and results of operations.
3. Consolidation principles
Scope of consolidation
All of the German and foreign companies over which DOUGLAS HOLDING AG has
direct or indirect control are fully consolidated in the consolidated financial statements.
Subsidiaries are included in the consolidated financial statements from the date on which
control is transferred to the Group. They are deconsolidated on the date on which control
ceases.
Major associated companies over which DOUGLAS HOLDING AG exerts significant influence
are carried in the consolidated financial statements At-equity. Associated companies
of minor importance for the consolidated financial statements are measured at cost.