Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2024-01-01 to 2024-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] | — |
| Description of accounting policy for borrowing costs [text block] |
Borrowing costs
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| Description of accounting policy for business combinations [text block] |
A subsidiary is included in the consolidated financial statements from the date on which the parent acquired control. Conversely, the entity is deconsolidated when control ends.
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| Description of accounting policy for contingent liabilities and contingent assets [text block] |
Contingent liabilities
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| Description of accounting policy for customer acquisition costs [text block] |
In the reporting period, no costs of contract initiation or contract satisfaction were capitalised as separate assets.
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| Description of accounting policy for decommissioning, restoration and rehabilitation provisions [text block] |
Provisions which arise from the obligation to recultivate quarries, gravel pits and landfills, as well as obligations to decommission or remove an asset located on third-party property, are recognised at the full amount to be paid, taking into account cost increases, and discounted to the value on the reporting date.
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| Description of accounting policy for deferred income tax [text block] |
Deferred tax is measured using the balance sheet liability method for all temporary differences between the valuation of the balance sheet items in the IFRS financial statements and the existing tax value at the individual companies. Furthermore, any realisable tax advantage from existing losses carried forward will be included in the calculation. Exceptions to this comprehensive tax deferral are balances from non-tax-deductible goodwill.
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| Description of accounting policy for depreciation expense [text block] |
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| Description of accounting policy for derecognition of financial instruments [text block] |
Derecognition of a financial asset
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| Description of accounting policy for determining components of cash and cash equivalents [text block] |
Cash and cash equivalents
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| Description of accounting policy for dividends [text block] |
The revenue from dividends and the share of profits from investments are recognised if a legal right to payment exists.
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| Description of accounting policy for environment related expense [text block] |
Impact of climate change
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| Description of accounting policy for fair value measurement [text block] |
Financial instruments in Level 1
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| Description of accounting policy for financial guarantees [text block] |
Financial guarantees
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| Description of accounting policy for financial instruments [text block] |
Financial assets
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| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Financial assets measured at fair value through profit or loss
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| Description of accounting policy for financial liabilities [text block] |
Financial liabilities
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| Description of accounting policy for foreign currency translation [text block] |
Foreign currency transactions are translated into the functional currency at the foreign exchange rate on the day of the trans-action. On the reporting date, monetary items are translated at the closing rate, while non-monetary items are translated at the rate on the day of the transaction. Exchange differences are recognised in profit or loss.
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| Description of accounting policy for functional currency [text block] |
Currency translation
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| Description of accounting policy for hedging [text block] |
Derivative financial instruments and hedging
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| Description of accounting policy for impairment of financial assets [text block] |
Impairment of financial assets and contract assets
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| Description of accounting policy for impairment of non-financial assets [text block] |
Impairment of non financial assets
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| Description of accounting policy for income tax [text block] |
Current and deferred income taxes
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| Description of accounting policy for investments other than investments accounted for using equity method [text block] |
Other investments
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| Description of accounting policy for leases [text block] |
Leases
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| Description of accounting policy for measuring inventories [text block] |
Inventories
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| Description of accounting policy for intangible assets and goodwill [text block] |
Goodwill
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| Description of accounting policy for interest income and expense [text block] |
Net interest income
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| Description of accounting policy for investment in associates and joint ventures [text block] |
Associates
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| Description of accounting policy for investments in joint ventures [text block] |
Joint arrangements
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| Description of accounting policy for investment property [text block] |
Investment property
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| Description of accounting policy for offsetting of financial instruments [text block] |
Offsetting of financial assets and liabilities
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| Description of accounting policy for property, plant and equipment [text block] |
Property, plant and equipment
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| Description of accounting policy for recognition of revenue [text block] |
Revenue recognition
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| Description of accounting policy for research and development expense [text block] |
Development costs for an internally generated intangible asset are capitalised if the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for internal use or sale and if it can demonstrate the intent to complete the intangible asset and use or sell it. The Group must also demonstrate that the intangible asset will generate probable future economic benefits, that it has adequate resources to complete the asset and that it is able to reliably measure the expense attributable to the asset during its development. The construction costs for these assets comprise all construction costs directly attributable to the construction process as well as production-related overheads. Borrowing costs are capitalised for qualified assets. Research costs which do not fulfil these criteria are recognised as an expense in the period in which they are incurred. Costs that have already been recognised as an expense are not capitalised in a subsequent period.
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| Description of accounting policy for segment reporting [text block] |
Segment report
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| Description of accounting policy for service concession arrangements [text block] |
Rights from concession arrangements
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| Description of accounting policy for subsidiaries [text block] |
Subsidiaries
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| Description of accounting policy for termination benefits [text block] |
Provisions
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| Description of accounting policy for trade and other payables [text block] |
Trade payables
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| Description of accounting policy for trade and other receivables [text block] |
Trade receivables
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| Description of accounting policy for transactions with non-controlling interests [text block] |
Transactions with non-controlling interests that do not result in loss of control
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