The condensed Group interim financial statements of Wincor Nixdorf Aktiengesellschaft (in the following “Wincor Nixdorf AG”) have been compiled in accordance with the requirements of the International Accounting Standards Board (IASB) and the bulletins of the International Financial Reporting Interpretations Committee (IFRIC) as adopted by the European Union.
The consolidation, accounting and valuation policies applied to the condensed Group interim financial statements are generally based on the same consolidation, accounting and valuation policies used in the Group financial statements for fiscal 2008/2009. The applied methods of accounting and valuation are described in detail in the Notes to the Group financial statements as of September 30, 2009.
From fiscal 2009/2010 the following standards, interpretations and amendments are applicable for the first time:
- 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)
- 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 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 IFRS 7 and IFRS 4 “Improving Disclosures about Financial Instruments” (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)
- Amendments to IAS 39 “Financial Instruments: Recognition and Measurement – Eligible Hedged Items” (to be applied for periods beginning on or after July 1, 2009)
- Amendments to IFRIC 9 and IAS 39 “Embedded Derivatives” (to be applied for periods beginning on or after January 1, 2009)
- “Improvements to IFRS” (to be applied for periods beginning on or after January 1, 2009/July 1, 2009)
The amended standards, interpretations and amendments had no material effect on the condensed Group interim financial statements of Wincor Nixdorf AG as of June 30, 2010.
