Accounting policies and basis of consolidation
Significant accounting policies
(1) Significant accounting policies
Hypo Group Alpe Adria establishes its consolidated interim financial statements in accordance with Section 87 of the Austrian Stock Exchange Law (BörseG) and in application of the International Financial Reporting Standards (IFRS) and the International Accounting Standards (IAS) issued by the International Accounting Standards Board (IASB) and with their interpretations by the International Financial Reporting Interpretations Committee (IFRIC) as adopted by the EU. In particular, the consolidated interim financial statements as of 30 June 2008 also fulfils the requirements of IAS 34 (interim reporting) for condensed consolidated interim financial statements.
For the first time, the condensed consolidated interim financial statements as of 30 June 2008 were subjected to review by the auditor. By contrast, the figures for the first half of the previous year shown in the interim report has neither been subjected to an audit nor a review.
In this consolidated interim financial statements, the same accounting and measurement principles as well as methods of computation were applied as in our last consolidated financial statements as of 31 December 2007.
Hypo Group Alpe Adria establishes its consolidated interim financial statements in accordance with Section 87 of the Austrian Stock Exchange Law (BörseG) and in application of the International Financial Reporting Standards (IFRS) and the International Accounting Standards (IAS) issued by the International Accounting Standards Board (IASB) and with their interpretations by the International Financial Reporting Interpretations Committee (IFRIC) as adopted by the EU. In particular, the consolidated interim financial statements as of 30 June 2008 also fulfils the requirements of IAS 34 (interim reporting) for condensed consolidated interim financial statements.
For the first time, the condensed consolidated interim financial statements as of 30 June 2008 were subjected to review by the auditor. By contrast, the figures for the first half of the previous year shown in the interim report has neither been subjected to an audit nor a review.
In this consolidated interim financial statements, the same accounting and measurement principles as well as methods of computation were applied as in our last consolidated financial statements as of 31 December 2007.
