The Group financial statements of Wincor Nixdorf AG as of September 30, 2009, have been prepared in accordance with all International Financial Reporting Standards (IFRS) (Glossary) and Interpretations of the International Financial Reporting Interpretations Committee (IFRIC) binding in the European Union for fiscal 2008/2009. Additionally, the statutory requirements according to Section 315a (1) of the German Commercial Code have been considered.
In fiscal 2008/2009, Wincor Nixdorf AG has applied the following amendments for the first time:
- Amendments to IAS 39 and IFRS 7 “Reclassification of Financial Instruments” (to be applied retroactively on or after July 1, 2008)
- Amendments to IAS 39 and IFRS 7 “Reclassification of Financial Assets – Effective Date and Transition” (to be applied retroactively on or after July 1, 2008)
The first-time application of the amendments had no effects on the Group financial statements of Wincor Nixdorf AG as of September 30, 2009.
In addition, the following standards, interpretations and amendments have been released by the IASB and adopted by the European Union until September 30, 2009; however, it is not yet applicable for the Group financial statements of Wincor Nixdorf AG in fiscal 2008/2009:
- IFRS 8 “Operating Segments” (to be applied for periods beginning on or after January 1, 2009)
- IFRS 3 revised “Business Combinations” (to be applied for periods beginning on or after July 1, 2009)
- Amendments to IAS 39 “Financial Instruments: Recognition and Measurement – Eligible Hedged Items” (to be applied for periods beginning on or after July 1, 2009)
- IFRIC 13 “Customer Loyalty Programmes” (to be applied for periods beginning on or after January 1, 2009)
- IFRIC 14 “IAS 19 – The Limit of a Defined Benefit Asset, Minimum Funding Requirements and their Interaction” (to be applied for periods beginning on or after January 1, 2009)
- IFRIC 12 “Service Concession Arrangements” (to be applied for periods beginning on or after March 29, 2009)
- IFRIC 15 “Agreements for the Construction of Real Estate” (to be applied for periods beginning on or after January 1, 2010)
- IFRIC 16 “Hedges of Net Investment in a Foreign Operation” (to be applied for periods beginning on or after July 1, 2009)
- Amendments to IFRS 1 and IAS 27 “Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate” (to be applied for periods beginning on or after January 1, 2009)
- Amendments to IFRS 2 “Share-Based Payment: Vesting Conditions and Cancellations” (to be applied for periods beginning on or after January 1, 2009)
- Amendments to IAS 1 “Presentation of Financial Statements: A Revised Presentation” (to be applied for periods beginning on or after January 1, 2009)
- Amendments to IAS 23 “Borrowing Costs” (to be applied for periods beginning on or after January 1, 2009)
- Amendments to IAS 32 and IAS 1 “Puttable Financial Instruments and Obligations Arising on Liquidation” (to be applied for periods beginning on or after January 1, 2009)
- Amendments to IAS 27 “Consolidated and Separate Financial Statements” (to be applied for periods beginning on or after July 1, 2009)
- Improvements to IFRS (to be applied for periods beginning on or after January 1, 2009 / July 1, 2009)
We intend to consider the standards, interpretations and amendments in our Group financial statements in the fiscal year in which they have to be applied, according to the guidelines of the European Union. At the date on which the Group financial statements are issued, we do not expect any material effects resulting from the settlements, which are not applied before the effective date on the presentation of the Group financial statements of Wincor Nixdorf AG at the moment of first-time application.
