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).
