Page 11 - Annual Report KELAG Group 2018
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 were 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 2018.

                                      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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