Financial statements 2016



Consolidated financial statements
106
Consolidated statement of financial position
106
Consolidated statement of profit or loss
107
Consolidated statement of comprehensive income
107
Condensed consolidated statement of changes in equity
108
Consolidated statement of cash flows
109
Notes to the consolidated financial statements
110
1. Reporting entity
110
2. Basis of accounting
110
3. Functional and presentation currency
111
4. Use of judgements and estimates
111
5. Operating segments
115
6. Business combinations
117
7. Disposals
119
8. Revenue
120
9. Cost of raw materials and consumables
120
10. Other operating income
120
11. Operating expenses
120
12. Net finance costs
121
13. Earnings per share
122
14. Share-based payment arrangements
123
15. Employee benefits
125
16. Income taxes
133
17. Property, plant and equipment
138
18. Intangible assets and goodwill
140
19. Investment property
143
20. Equity-accounted investees
144
21. Trade and other receivables
146
22. Inventories
147
23. Biological Assets
147
24. Cash and cash equivalents
148
25. Assets held for sale
149
26. Equity
150
27. Capital Management
153
28. Loans and borrowings
155
29. Provisions
157
30. Trade and other payables
159
31. Financial instruments – Fair values and risk management
160


32. List of main subsidiaries
170
33. Non-controlling interests
171
34. Acquisition of non-controlling interests
172
35. Operating leases
173
36. Commitments and contingencies
173
37. Related parties
174
38. Events after the reporting period
177
39. Basis of measurement
178
40. Significant accounting policies
178
41. Standards issued but not yet effective
190
Company financial statements
193
Company balance sheet
193
Company statement of profit or loss
194
Notes to the company financial statements
195
42. General
195
43. Principles for the measurement of assets and liabilities and the determination of the result
195
44. Investments in subsidiaries
195
45. Receivables from and debts to group companies
195
46. Financial instruments
195
47. Taxes and social security
196
48. Shareholders' equity
197
49. Provisions
200
50. Credit facilities
201
51. Commitments and contingencies
201
52. Remuneration of the supervisory board and the executive board
201
Other information
202
Result appropriation scheme under the articles of association
202
Special provision in the articles of association regarding governance
204
Branch offices
205
Events after the reporting period
205
Independent auditor's report
206
Overview financial history
213