The end of the period for appropriateness
December were consistent mit§ a Abs. HGB and Regulation EC No./ IAS Regulation of the European Parliament and of the Council of July together with other regulations for adopting certain international accounting standards in accordance with the International Accounting Standards Board IASB approved and published by the International Accounting Standards IAS and International Financial Reporting Standards IFRS. In addition, the nach§ a Abs. HGB were observed additionally applicable regulations of the Commercial Code. In the consolidated financial statements of our queuing system ultimate parent company, Commerzbank AG, Frankfurt am Main, the consolidated financial statements of comdirect bank Aktiengesellschaft, Pascalkehre, Quickborn, Germany included.
The consolidated financial statements of Commerzbank AG as of December, was published in the electronic Federal Gazette on June th In addition to the consolidated balance sheet, the consolidated profit and loss statement and the consolidated statement of comprehensive income of the consolidated financial statements include the statement of changes in equity, the cash flow statement and the notes. The Group Management Report including the risk report according to Section HGB is presented in our Annual queue management Report. The consolidated financial statements were authorized for issue by the Board on February Design. Accounting and valuation methods Principles The consolidated financial statements have been prepared under the assumption of going concern going concern. All units in the consolidation prepared their financial statements as of December, th Income and expenses are deferred pro rata and recognized in income in the period to which they relate.
An asset is recognized in the balance sheet when queue management it is probable that future economic benefits will flow to the company and if its cost or another value can be reliably measured. A liability is recognized in queuing system the balance sheet when it is probable that an outflow of resources resulting from the settlement of the obligation, embodying economic benefits, and the settlement amount can be measured reliably. Assets and liabilities are generally valued at their amortized cost assets or by issuing or settlement amount debt. The recognition and measurement of financial instruments is carried out under application of IAS and the requirements imposed by this queuing system provision different classification and measurement principles. For derivative hedging instruments, the provisions on accounting for hedging relationships apply.
Are necessary for accounting of assets and liabilities estimates and judgments, as these estimates and assumptions are based on historical experience and other factors such as planning and-according to current Ermessen- queue management expectations and forecasts of future events. Estimation uncertainties arise in particular in determining the provision for credit losses, the fair value measurement of financial instruments and pension obligations. The provisions of IFRS Financial Instruments are aimed at abolishing and replacing IAS. Accordingly the current categorization of financial assets in IAS by a system of only two Klassifizierungskategorien- fair value and amortized historical cost is replaced. Currently, the investment portfolio of queuing system comdirect category available for sale is allocated and is valued queue management at fair value in equity. The accounting for financial liabilities should remain broadly unchanged. If the fair value option is exercised, changes in value are not recognized from changes in own credit risk in queue management so far as the income statement, but in other comprehensive income.
The consolidated financial statements of Commerzbank AG as of December, was published in the electronic Federal Gazette on June th In addition to the consolidated balance sheet, the consolidated profit and loss statement and the consolidated statement of comprehensive income of the consolidated financial statements include the statement of changes in equity, the cash flow statement and the notes. The Group Management Report including the risk report according to Section HGB is presented in our Annual queue management Report. The consolidated financial statements were authorized for issue by the Board on February Design. Accounting and valuation methods Principles The consolidated financial statements have been prepared under the assumption of going concern going concern. All units in the consolidation prepared their financial statements as of December, th Income and expenses are deferred pro rata and recognized in income in the period to which they relate.
An asset is recognized in the balance sheet when queue management it is probable that future economic benefits will flow to the company and if its cost or another value can be reliably measured. A liability is recognized in queuing system the balance sheet when it is probable that an outflow of resources resulting from the settlement of the obligation, embodying economic benefits, and the settlement amount can be measured reliably. Assets and liabilities are generally valued at their amortized cost assets or by issuing or settlement amount debt. The recognition and measurement of financial instruments is carried out under application of IAS and the requirements imposed by this queuing system provision different classification and measurement principles. For derivative hedging instruments, the provisions on accounting for hedging relationships apply.
Are necessary for accounting of assets and liabilities estimates and judgments, as these estimates and assumptions are based on historical experience and other factors such as planning and-according to current Ermessen- queue management expectations and forecasts of future events. Estimation uncertainties arise in particular in determining the provision for credit losses, the fair value measurement of financial instruments and pension obligations. The provisions of IFRS Financial Instruments are aimed at abolishing and replacing IAS. Accordingly the current categorization of financial assets in IAS by a system of only two Klassifizierungskategorien- fair value and amortized historical cost is replaced. Currently, the investment portfolio of queuing system comdirect category available for sale is allocated and is valued queue management at fair value in equity. The accounting for financial liabilities should remain broadly unchanged. If the fair value option is exercised, changes in value are not recognized from changes in own credit risk in queue management so far as the income statement, but in other comprehensive income.
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