Notes for the Group
The notes are grouped into five sections
and contain relevant financial information
as well as a description of the accounting
policies applied for the respective accounts
included in the individual note.
SECTION 1:
Basis of Preparation
1.1 Accounting policies 21
1.2 New accounting policies 21
1.3 Estimates and judgements 21
1.4 Events after the balance sheet date 21
SECTION 2:
Results for the Year
2.1 Operating revenue 23
2.2 Share of profit from associates and joint ventures 24
2.3 Payroll expenses 24
2.4 Other operating expenses 25
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SECTION 3:
Invested Capital and Working Capital Items
3.1 Overview 27
3.2 Intangible assets 28
3.3 Property, plant and equipment 29
3.4 Investments in associates and joint ventures 31
3.5 Inventories 31
3.6 Trade and other receivables 32
3.7 Other current liabilities 32
3.8 Provisions 33
3.9 Contingent liabilities 34
3.10 Contractual obligations and guarantees 34
SECTION 4:
Capital Structure and Financial Items
4.1 Interest-bearing debt 36
4.2 Cash and cash equivalents 37
4.3 Net financial items 37
4.4 Financial risk management 38
SECTION 5:
Other Disclosures
5.1 Taxation 40
5.2 Pensions and other long-term employee benefits 42
5.3 Remunerations 43
5.4 Leases 44
5.5 Associates and joint ventures 46
5.6 Related parties 47
5.7 Subsidiaries 47
5.8 Share capital and shareholder information 48
5.9 Details of financial assets and liabilities 49
5.10 Alternative performance measures 51