Page 11 - KELAG Annual Report 2017
P. 11

The consolidated financial statements are generally prepared in accordance with the historical
                                      cost convention. This does not apply to derivative financial instruments, which are measured at
                                      fair value.

                                      The  separate  financial  statements  of  the  fully  consolidated  companies  included  in  the
                                      consolidated financial statements have been prepared on the basis of uniform accounting policies.
                                      The  reporting  date  of  all  fully  consolidated  subsidiaries  and entities  accounted  for  using  the
                                      equity method is 31 December 2017.


                                      Apart from the notes to the financial statements – which are generally prepared in millions of euro
                                      (EUR m) – these consolidated financial statements are prepared in thousands of euro (EUR k).
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