Statement of compliance

These consolidated financial statements for the year ended 31 December 2013 have been prepared in accordance with the International Financial Reporting Standards as adopted by the EU (IFRS EU). The Group applied the same accounting policies in the preparation of the financial data for the year ended 31 December 2013 and the consolidated financial statements for the year 2012, presented in the consolidated annual report, except for the EU-endorsed standards and interpretations which are effective for the reporting periods beginning on 1 January 2013.

During the year ended 31 December 2013 the following became effective:

(i) amendments to IAS 1 – Presentation of Financial Statements – Presentation of Items of Other Comprehensive Income
(ii) amendments to IAS 12 – Income Taxes
(iii) amendments to IAS 19 – Employee Benefits
(iv) amendments to IFRS 1 – First-time Adoption of IFRS – Government Loans
(v) amendments to IFRS 1 – First-time Adoption of IFRS – Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters
(vi) amendments to IFRS 7 – Financial Instruments: Disclosures – Offsetting Financial Assets and Financial Liabilities
(vii) IFRS 13 – Fair value measurement
(viii) IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine
(ix) annual improvements – 2009-2011 reporting cycle

The changes did not have a significant impact on these financial statements except for introducing certain new disclosures.

Standards published but not yet effective:

(i) IFRS 10 Consolidated financial statements, IAS 27 Separate financial statements
(ii) IFRS 11 Joint arrangements, IAS 28 Associates and joint ventures
(iii) IFRS 12 Disclosures of interests in other entities
(iv) amendment to IFRSs 10, 11 and 12 on transition guidance
(v) IFRS 9 Financial instruments: Classification and measurement and Hedge accounting
(vi) amendments to IAS 32 Financial instruments: presentation
(vii) amendments to IFRSs 10, 12 and 27 on investment entities
(viii) IFRIC 21 Levies
(ix) amendments to IAS 36 Impairment of assets
(x) amendments to IAS 39 Financial instruments
(xi) amendments to IAS 19 – Employee Benefits
(xii) annual improvements – 2010-2012 reporting cycle
(xiii) annual improvements – 2011-2013 reporting cycle

The Group is currently analyzing the impact of the published standards that are not yet effective and assesses that they should not have a material impact on the consolidated financial statements, other than additional disclosures.