Basis for the recognition and measurement of assets and liabilities and the determination of the result
In establishing the basis for the recognition and measurement of assets and liabilities and the determination of the result for its company financial statements, Corio makes use of the option provided by Section 362, subsection 8, Book 2, of the Netherlands Civil Code whereby the basis for the recognition and measurement of assets and liabilities and the determination of the result (accounting policies) used for Corio’s company financial statements are the same as that for the consolidated financial statements. Subsidiaries in which Corio has a controlling interest are measured applying the equity method. The consolidated figures are prepared according to the standards laid down by the International Accounting Standards Board and adopted by the European Union (EU-IFRS). See pages 154 to 159 for a description of these accounting policies.
The share of the results of subsidiaries, associates and joint ventures consists of Corio’s share of the results of these entities. Results on transactions in which assets and liabilities have been transferred between Corio and other entities in the Group and between these entities themselves have not been included where they can be deemed to be unrealised.
Source: Annual Report 2008, Chapter Financial Statements, page 179 (PDF, 179 kB)
Add to My report