Disclosure Of Material Accounting Policy Information [Text Block]

Adler Group - Filing #5876250

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	—
Description of accounting policy for business combinations [text block]	The consolidated financial statements comprise the Company and the subsidiaries it controls. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases.
Description of accounting policy for cash flows [text block]	In the statements of cash flows, interest received is presented as part of cash flows from investing activities. Interest paid and dividends paid are presented as part of cash flows from financing activities.
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 construction in progress [text block]	Revenue recognised over time is calculated using the “Percentage of Completion” method, which determines the stage of completion of the development project on the basis of the costs incurred in relation to the expected total costs. Revenue over the period is determined according to the stage of completion of the development project, which is calculated on the basis of the costs incurred in relation to the expected total costs. In the Group’s opinion, this method is the most reliable way of estimating the stage of completion of a project because potential cost overruns are immediately identified and taken into account. If the contract revenue cannot be reliably estimated, it is recognised without a margin in the amount of the contract costs incurred. If contract losses are expected, appropriate provisions are recognised in the statement of profit or loss, so that the contract loss is fully recognised before the completion of the contract.
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 costs comprise interest expense on borrowings, changes in the fair value of financial assets or liabilities at fair value through profit or loss, impairment losses recognised on financial assets, losses from refinance and losses on hedging instruments that are recognised in profit or loss.
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 issued capital [text block]	(3) Share capital – ordinary shares
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 interest income and expense [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. Interest income is recognised as it accrues in profit or loss, using the effective interest method.
Description of accounting policy for investment in associates and joint ventures [text block]	B. Investments accounted for 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 reclassification of financial instruments [text block]	Classification of financial assets into categories and the accounting treatment of each category
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.