Disclosure Of Material Accounting Policy Information [Text Block]

Arcadis NV - Filing #5830026

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	—
Description of accounting policy for borrowings [text block]	Interest-bearing debts are measured at amortized cost, in which the difference between the proceeds and repayments over time is charged to profit or loss over their duration. The portion of long-term debt that has to be repaid within one year after the balance sheet date is presented as the current portion of long-term debt under current liabilities.
Description of accounting policy for cash flows [text block]	Cash flow statement
Description of accounting policy for deferred income tax [text block]	Deferred tax
Description of accounting policy for depreciation expense [text block]	Depreciation is calculated using the straight-line method to allocate the cost of an asset net of its residual value, over its estimated useful life or, in the case of leasehold improvements, the shorter of the asset's useful life and the lease term. The estimated useful life of Property, plant & equipment vary according to their respective categories, as shown in the table hereafter.
Description of accounting policy for derivative financial instruments [text block]	General
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents comprise cash balances and call deposits maturing within three months from the acquisition date and used by the Company in managing its short-term commitments. For cash flow reporting purposes bank overdrafts are included in Cash and cash equivalents.
Description of accounting policy for discounts and rebates [text block]	Gross versus net revenues
Description of accounting policy for dividends [text block]	Dividends
Description of accounting policy for earnings per share [text block]	Basic earnings per share is calculated by dividing the profit or loss attributable to the equity holders of the Company by the weighted average number of shares outstanding during the period, excluding ordinary shares purchased by the Company and held as treasury shares (i.e. shares purchased to cover share/option plans).
Description of accounting policy for employee benefits [text block]	Most of the pension plans of the Group qualify as defined contribution pension plans. However, the Group also operates a few defined benefit pension plans.
Description of accounting policy for expenses [text block]	All employee-related costs as well as non-project-related out-of-pocket expenses and related restructuring costs, are recognized as operational cost as incurred.
Description of accounting policy for finance costs [text block]	Net finance expenses comprise finance income, finance expenses and the fair value change of derivatives at fair value through profit or loss. Finance income comprises interest income on funds invested and finance expenses comprise interest expense on borrowings, and the unwinding of discount on provisions and contingent consideration.
Description of accounting policy for financial assets [text block]	Non-derivative financial assets
Description of accounting policy for financial guarantees [text block]	Non-financial guarantees are accounted for as a contingent liability until such time it becomes probable that the Company will be required to make a payment under such guarantee. Financial guarantees are subject to the Expected Credit Loss model, and a credit loss is recognized for the expected cash shortfalls.
Description of accounting policy for functional currency [text block]	Foreign currencies
Description of accounting policy for goodwill [text block]	Goodwill
Description of accounting policy for hedging [text block]	Hedge accounting
Description of accounting policy for impairment of assets [text block]	Impairment
Description of accounting policy for income tax [text block]	Income taxes comprise current and deferred tax. Income tax is recognized in profit or loss, except to the extent that the tax arises from items recognized in other comprehensive income, directly in equity or from a business combination.
Description of accounting policy for investments other than investments accounted for using equity method [text block]	Other investments relate to interests in companies over which the Group has no significant influence nor control. Other investments are accounted for at fair value through profit or loss.
Description of accounting policy for issued capital [text block]	Share capital
Description of accounting policy for leases [text block]	A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is conveyed when the Group has both the right to direct the identified asset’s use and to obtain substantially all the economic benefits from that use.
Description of accounting policy for intangible assets other than goodwill [text block]	Other intangible assets
Description of accounting policy for investment in associates [text block]	Associates
Description of accounting policy for investments in joint ventures [text block]	Joint arrangements
Description of accounting policy for offsetting of financial instruments [text block]	Offsetting of financial assets and liabilities
Description of accounting policy for property, plant and equipment [text block]	Property, plant & equipment is measured at cost less accumulated depreciation and impairment losses. Costs include expenditures that are directly attributable to the acquisition of the assets.
Description of accounting policy for provisions [text block]	Provisions are recognized when there is a present obligation (legal or constructive) as a result of a past event, a reliable estimate can be made of the amount of the obligation, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are measured at net present value, taking into account the timing of the cash outflows. The discount rate used reflects the current market assessments of the time value of money and the risks specific to the liability. Unwinding of the discount is recognized as a finance expense (see note 11).
Description of accounting policy for recognition of revenue [text block]	Revenue is recognized by the Group following the five-step model in IFRS 15, consisting of:
Description of accounting policy for segment reporting [text block]	An operating segment is a component of the Company that engages in business activities that can result in revenue and expenses, including revenues and expenses related to transactions with other components of the same Company.
Description of accounting policy for share-based payment transactions [text block]	The Company operates share-based incentive plans. The fair value of equity-settled compensations at grant date under the Arcadis long-term incentive plan is recognized as an employee expense (in Salaries and wages), with a corresponding increase in equity, over the vesting period. The amount recognized as an expense is adjusted to reflect the actual number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as expense is based on the actual number of awards meeting these vesting conditions.
Description of accounting policy for subsidiaries [text block]	Subsidiaries
Description of accounting policy for trade and other payables [text block]	Other current liabilities are non-derivative financial liabilities, which are initially recognized at fair value plus directly attributable transaction costs. Subsequently these financial liabilities are measured at amortized cost using the effective interest method.
Description of accounting policy for trade and other receivables [text block]	21 Trade receivables
Description of accounting policy for transactions with non-controlling interests [text block]	Non-controlling interests represent the net assets which are not held by the Company and are presented within total equity in the Consolidated balance sheet as a separate category. Profit or loss and each component of Other comprehensive income are attributed to the equity holders and to the non-controlling interests.
Description of accounting policy for transactions with related parties [text block]	A related party is a person or an entity that is related to the Group. These include both people and entities that have, or are subject to, the influence or control of the Group (e.g. key management personnel). Transactions with related parties are accounted for in accordance with the requirements of relevant IFRSs, take into account the substance as well as the legal form, and made on terms equivalent to those that prevail in arm’s length transactions.
Description of accounting policy for treasury shares [text block]	Repurchase of shares