Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2024-01-01 to 2024-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] |
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| Description of accounting policy for borrowing costs [text block] |
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| Description of accounting policy for business combinations and goodwill [text block] |
Goodwill
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| Description of accounting policy for cash flows [text block] |
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| Description of accounting policy for contingent liabilities and contingent assets [text block] |
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| Description of accounting policy for decommissioning, restoration and rehabilitation provisions [text block] |
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| Description of accounting policy for deferred income tax [text block] |
Deferred tax liabilities are recognized for all taxable temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements (‘balance sheet’ method).
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| Description of accounting policy for depreciation expense [text block] |
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| Description of accounting policy for discontinued operations [text block] |
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| Description of accounting policy for earnings per share [text block] |
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| Description of accounting policy for employee benefits [text block] |
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| Description of accounting policy for finance costs [text block] |
Finance cost comprises:
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| Description of accounting policy for finance income and costs [text block] |
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| Description of accounting policy for financial assets [text block] |
Financial assets
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| Description of accounting policy for financial instruments [text block] |
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| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Fair value through profit or loss (‘FVTPL’)
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| Description of accounting policy for foreign currency translation [text block] |
Foreign currency transactions
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| Description of accounting policy for functional currency [text block] |
The financial year of the Group commences on 1 January and ends on 31 December. The Company’s functional currency is the Euro (‘EUR’). The Group presentation currency is the US dollar, as the Group’s major foreign operations have the US dollar as their functional currency. All values are rounded to the nearest tenth of a million (in millions of USD), except when stated otherwise.
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| Description of accounting policy for government grants [text block] |
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| Description of accounting policy for hedging [text block] |
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| Description of accounting policy for impairment of financial assets [text block] |
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| Description of accounting policy for impairment of non-financial assets [text block] |
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| Description of accounting policy for income tax [text block] |
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| Description of accounting policy for leases [text block] |
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| Description of accounting policy for measuring inventories [text block] |
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| Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] |
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| Description of accounting policy for intangible assets and goodwill [text block] |
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| Description of accounting policy for investment in associates [text block] |
Associates
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| Description of accounting policy for investment in associates and joint ventures [text block] |
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| Description of accounting policy for investments in joint ventures [text block] |
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| Description of accounting policy for property, plant and equipment [text block] |
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| Description of accounting policy for provisions [text block] |
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| Description of accounting policy for recognition of revenue [text block] |
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| Description of accounting policy for repairs and maintenance [text block] |
Any gain or loss on disposal of an item of property, plant and equipment (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognized in profit or loss. Subsequent expenditures are capitalized only when it is probable that the future economic benefits associated with the expenditure will flow to the Group. Ongoing repairs and maintenance costs are expensed as incurred. Spare parts of property, plant and equipment are recognized under property, plant and equipment if the average turnover exceeds 12 months or more, the cost exceeds USD 10,000 and the part is key for the functioning of the plant. Other spare parts are recognized within inventories.
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| Description of accounting policy for restricted cash and cash equivalents [text block] |
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| Description of accounting policy for segment reporting [text block] |
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| Description of accounting policy for share-based payment transactions [text block] |
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| Description of accounting policy for subsidiaries [text block] |
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| Description of accounting policy for termination benefits [text block] |
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| Description of accounting policy for trade and other payables [text block] |
Financial liabilities
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| Description of accounting policy for trade and other receivables [text block] |
Trade and other receivables are held to collect contractual cash flows and are expected to give rise to cash flows representing solely payments of principal and interest. The Group analyzed the contractual cash flow characteristics of those instruments and concluded that they meet the ‘hold-to-collect’ business model criteria for amortized cost measurement. Interest income from these assets is included in finance income using the effective interest rate method. Any gain or loss on derecognition is recognized directly in profit or loss. The Group sells certain trade receivables under a securitization agreement to a third party. For these selected debtors the Group will use the ‘hold-to-collect-and-sell business model’ as defined under IFRS 9 and will measure these receivables going forward at FVOCI.
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| Description of accounting policy for transactions with non-controlling interests [text block] |
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| Description of accounting policy for treasury shares [text block] |
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