Accounting and Valuation Principles


The Group financial statements are prepared on the basis of accounting and valuation policies that are applied uniformly throughout the Group. Accounting and valuation principles have been retained unchanged compared to the previous year.

Assets and liabilities have been valued at historical acquisition/production cost, with the exception of financial instruments classified as “available-for-sale” and “financial asset at fair value through profit or loss” and derivatives, which have been included at their fair value.

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