Please activate JavaScript!
Please install Adobe Flash Player, click here for download

DES GB2013 E

DEUTSCHEEUROSHOPANNUALREPORT2013/CONSOLIDATEDFINANCIALSTATEMENTS 144 NOTES TO THE CON- SOLIDATED FINANCIAL STATEMENTS FINANCIAL YEAR 2013 GENERAL DISCLOSURES The Group parent company is Deutsche EuroShop AG, Hamburg, Germany. The Company’s registered office is Heegbarg 36, 22391 Hamburg, and it is entered in the Hamburg commercial register under HRB 91799. Deutsche EuroShop AG focuses on acquiring, managing, using and selling investments of all kinds, and in particular investments in retail properties. The consolidated financial statements of Deutsche EuroShop AG have been prepared in accordance with the Inter- national Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB), including the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the supplementary provisions of German commercial law required to be applied under section 315a (1) of the Handelsgesetzbuch (HGB – German Commercial Code). They are based on the premise of a going concern. All IFRSs and IFRIC interpretations endorsed by the European Commission and required to be applied as of 31 December 2013 have been applied. In addition to the consolidated balance sheet, consolidated income statement and the consolidated statement of com- prehensive income, the consolidated financial statements comprise the consolidated statement of changes in equity, the cash flow statement and the notes to the consolidated financial statements. Amounts are mainly presented in thousands of €. The preparation of the consolidated financial statements necessitates the use of estimates and assumptions. These affect the reported amounts of assets, liabilities and contingent liabilities at the balance sheet date, as well as the recognition of income and expenses during the reporting period. The actual amounts can differ from these estimates. Expected cash flows and the discount factor in particular are critical parameters for the measurement of investment properties. The consolidated financial statements as at 31 December 2013 were approved by the Audit Committee of the Super- visory Board on 15 April 2014 and are expected to be approved at the Supervisory Board’s financial statements review meeting on 23 April 2014. Until the consolidated financial statements are adopted there is still a possibility that they may be amended. A detailed list of the companies included in the consolidated financial statements forms part of the notes. The annual financial statements of the consolidated companies were prepared as at 31 December 2013, the reporting date of the consolidated financial statements.

Pages Overview