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 borrowings [text block] |
Financial liabilities at amortised cost
|
| Description of accounting policy for business combinations [text block] |
Business combinations and disposals
|
| Description of accounting policy for contingent liabilities and contingent assets [text block] |
4.10.
|
| Description of accounting policy for deferred income tax [text block] |
Deferred tax
|
| Description of accounting policy for depreciation expense [text block] |
The operating lease and other leased car assets are depreciated on a straight-line basis over the estimated useful life (normally the contract period for operating leases) to their estimated residual value. The residual value and the useful life of the leased assets are reviewed at least at each financial year-end and, if expectations differ from previous estimates, the changes are accounted for prospectively as a change in accounting estimate (so-called prospective depreciation). Depreciation is recognised in the income statement as part of the “Lease margin” or “Used car sales” result for depreciation adjustments in relation to any prospective depreciation adjustments.
|
| Description of accounting policy for determining components of cash and cash equivalents [text block] |
3.4.15
|
| Description of accounting policy for dividends [text block] |
3.4.2
|
| Description of accounting policy for earnings per share [text block] |
3.4.25
|
| Description of accounting policy for employee benefits [text block] |
3.4.16
|
| Description of accounting policy for financial assets [text block] |
Classification
|
| Description of accounting policy for financial instruments [text block] |
3.4.9
|
| Description of accounting policy for foreign currency translation [text block] |
3.4.1
|
| Description of accounting policy for functional currency [text block] |
Functional and presentation currency
|
| Description of accounting policy for goodwill [text block] |
Goodwill
|
| Description of accounting policy for hedging [text block] |
3.4.10
|
| Description of accounting policy for impairment of financial assets [text block] |
3.4.13
|
| Description of accounting policy for impairment of non-financial assets [text block] |
3.4.7
|
| Description of accounting policy for income tax [text block] |
3.4.19
|
| Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block] |
Insurance contracts
|
| Description of accounting policy for issued capital [text block] |
Share capital and share premium
|
| Description of accounting policy for leases [text block] |
3.4.3
|
| Description of accounting policy for measuring inventories [text block] |
3.4.11
|
| Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] |
3.4.8
|
| Description of accounting policy for intangible assets and goodwill [text block] |
3.4.6
|
| Description of accounting policy for intangible assets other than goodwill [text block] |
Software intangible assets
|
| Description of accounting policy for interest income and expense [text block] |
3.4.22
|
| 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
|
| Description of accounting policy for property, plant and equipment [text block] |
3.4.4
|
| Description of accounting policy for reinsurance [text block] |
Reinsurance assets
|
| Description of accounting policy for segment reporting [text block] |
During the reporting period, the Group implemented a new regional structure for its operating segments, which reflects a strategic alignment with its management structure following the acquisition and integration of LeasePlan. The Group has appointed a new leadership team where the members of the Executive Committee hold supervisory responsibilities in line with the new regional structure of four regions. The new regional segmentation corresponds to the updated management structure. To ensure consistency and enhance decision-making, the new regional segmentation has been implemented across the Group’s budgeting and internal reporting processes. Supporting departments, such as finance and human resources, have been restructured to align with the regional segments, creating an uniform approach to operational support.
|
| Description of accounting policy for share-based payment transactions [text block] |
3.4.24
|
| Description of accounting policy for subsidiaries [text block] |
Subsidiaries
|
| Description of accounting policy for termination benefits [text block] |
Termination benefits
|
| Description of accounting policy for trade and other payables [text block] |
3.4.18
|
| Description of accounting policy for trade and other receivables [text block] |
3.4.14
|
| Description of accounting policy for treasury shares [text block] |
Treasury shares
|