Principles of Consolidation, Accounting and Valuation

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 2009/2010. The applied methods of accounting and valuation are described in detail in the Notes to the Group financial statements as of September 30, 2010.

From fiscal 2010/2011 the following standards, interpretations and amendments are applicable for the first time:

  • IFRS 1 revised “First-time Adoption of IFRS” (to be applied for periods beginning on or after January 1, 2010)
  • IFRIC 17 ”Distributions of Non-cash Assets to Owners” (to be applied for periods beginning on or after November 1, 2009)
  • IFRIC 18 “Transfer of Assets from Customers” (to be applied for periods beginning on or after November 1, 2009)
  • IFRIC 15 “Agreements for the Construction of Real Estate” (to be applied for periods beginning on or after January 1, 2010)
  • IFRIC 19 “Extinguishing Financial Liabilities with Equity Instruments” and amendments to IFRS 1 “First-time Adoption of International Financial Reporting Standards” (to be applied for periods beginning on or after July 1, 2010)
  • Amendments to IFRS 1 “Additional Exemptions for First-time Adopters” (to be applied for periods beginning on or after January 1, 2010)
  • Amendments to IFRS 2 “Group Cash-settled Share-based Payment Transactions” (to be applied for periods beginning on or after January 1, 2010)
  • Amendments to IFRS 1 und IFRS 7 “Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters” (to be applied for periods beginning on or after July 1, 2010)
  • Amendments to IAS 32 “Financial Instruments: Presentation: Classification of Rights Issues” (to be applied for periods beginning on or after February 1, 2010)
  • “Improvements to IFRSs (Issued by IASB in April 2009)” (to be applied for periods beginning on or after January 1, 2010)

The amended standards had no material effect on the condensed Group interim financial statements of Wincor Nixdorf AG as of December 31, 2010.

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