Financial Data

The consolidated financial statements of METKA S.A. have been prepared based on the historic cost principle as this is amended by the readjustment of specific asset and liability items into market values, the going concern principle and are in accordance with the International Financial Reporting Standards (IFRS) that have been issued by the International Accounting Standards Board (IASB) and their interpretations that have been issued by the International Financial Reporting Interpretations Committee (IFRIC) of the IASB.

The compilation of financial statements according to the IFRS requires the use of estimates and judgments during the application of the Company’s accounting principles. Important assumptions made by the management for the application of the company’s accounting methods have been appropriately highlighted whenever this has been deemed necessary.