Disclosure Of Material Accounting Policy Information [Text Block]

Adler Group - Filing #4402375

Concept	2022-01-01 to 2022-12-31
Disclosure of material accounting policy information [text block]	—
Description of accounting policy for business combinations and goodwill [text block]	When buying a company holding real estate assets (“Property Company”), the Group exercises judgement to determine whether it is the purchase of a business or a group of assets and liabilities, for the purpose of determining the accounting treatment of the transaction. In determining whether a Property Company is a business, the Group examines, inter alia, the nature of existing processes in the Property Company, including the extent and nature of management, security, cleaning and maintenance services provided to tenants. In transactions in which the acquired company is a business, the transaction is accounted for as a business combination according to IFRS 3.
Description of accounting policy for collateral [text block]	Restricted bank deposits consist of deposits in banks that the Group has pledged to secure banking facilities, deposits received from tenants, and restricted proceeds from condominium sales. The Group cannot use these deposits freely for operations.
Description of accounting policy for derecognition of financial instruments [text block]	Derecognition of financial assets
Description of accounting policy for earnings per share [text block]	N. Earnings per share
Description of accounting policy for expenses [text block]	The cost of inventories also includes a reasonable share of the indirect overheads based on normal production capacity as well as attributable borrowing costs.
Description of accounting policy for fair value measurement [text block]	When measuring the fair value of an asset or liability, the Group uses observable market data as far as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:
Description of accounting policy for finance costs [text block]	Finance income comprises interest income on funds invested including changes in the fair value of financial assets or liabilities at fair value through profit or loss and gains on hedging instruments that are recognised in profit or loss.
Description of accounting policy for financial instruments [text block]	A put option granted by the Group to non-controlling interests that is settled in cash or another financial instrument is recognised as a liability at the present value of the exercise price. In subsequent periods, changes in the value of the liability and dividends distributed to non-controlling interests in respect of put options are recognised in equity. The Group’s share of a subsidiary’s profits includes the share of the non-controlling interests to which the Group granted a put option, also when the non-controlling interests have access to the returns arising from the interests in the investee company.
Description of accounting policy for financial instruments at fair value through profit or loss [text block]	Financial assets are classified at initial recognition to one of the following measurement categories: amortised cost, fair value through profit or loss or fair value through other comprehensive income.
Description of accounting policy for foreign currency translation [text block]	B. Functional and presentation currency
Description of accounting policy for functional currency [text block]	These consolidated financial statements are presented in euro, which is the Group’s functional currency.
Description of accounting policy for hedging [text block]	(4) Derivative financial instruments, including hedge accounting
Description of accounting policy for impairment of financial assets [text block]	H. Impairment
Description of accounting policy for income tax [text block]	M. Taxation
Description of accounting policy for leases [text block]	C. Lease accounting (IFRS 16)
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]	O. Non-current assets (liabilities) and disposal groups held for sale
Description of accounting policy for investment in associates and joint ventures [text block]	B. Investments accounted under the equity method
Description of accounting policy for investments in joint ventures [text block]	For investments requiring measurement using the equity method, the acquisition cost is increased or decreased each year by the changes in equity attributable to the Group.
Description of accounting policy for investment property [text block]	A. Investment properties
Description of accounting policy for property, plant and equipment [text block]	(2) Non-financial assets
Description of accounting policy for provisions [text block]	I. Provisions
Description of accounting policy for recognition of revenue [text block]	K. Revenue recognition
Description of accounting policy for share-based payment transactions [text block]	J. Employee benefits
Description of accounting policy for subsidiaries [text block]	Consolidation methods
Description of accounting policy for trade and other payables [text block]	(2) Non-derivative financial liabilities
Description of accounting policy for trade and other receivables [text block]	(1) Non-derivative financial assets
Description of accounting policy for transactions with non-controlling interests [text block]	Non-controlling interests comprise the equity of a subsidiary that cannot be attributed, directly or indirectly, to the Company. Profit or loss and any part of other comprehensive income are allocated to the owners of the Company and the non-controlling interests.