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[]
[null,"Explanatory notes"]
[null,1,"IAS 1.10","IAS 1 Presentation of Financial Statements uses the title ‘Statement of financial position’. This\r\ntitle is not mandatory. An entity may use other titles – e.g. ‘Balance sheet’ – as long as the\r\nmeaning is clear and they are not misleading."]
[null,2,"IAS 1.45","The presentation and classification of items in the financial statements is retained from one\r\nperiod to the next unless:"]
[null,null,null,"●● changes are required by a new standard or interpretation; or\r\n●● it is apparent, following a significant change to an entity’s operations or a review of its financial\r\nstatements, that another presentation or classification would be more appropriate. In this case,\r\nthe entity also considers the criteria for the selection and application of accounting policies in\r\nIAS 8 Accounting Policies, Changes in Accounting Estimates and Errors ."]

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[]
[null,3,"IAS 1.10, 39","An additional statement of financial position and related notes are presented as at the\r\nbeginning of the earliest comparative period following a retrospective change in accounting\r\npolicy, a retrospective correction of an error, or a reclassification of items in the financial\r\nstatements. The current IAS 1 provides no further guidance in terms of how this requirement\r\nshould be interpreted. In our view, the requirement to present a ‘third’ statement of financial\r\nposition should be interpreted having regard to materiality based on the particular facts and\r\ncircumstances. In our view, ‘related notes’ should be interpreted as requiring disclosure of those\r\nnotes that are relevant to the reason why the third statement of financial position is presented"]
[null,null,null,"– i.e. not all notes are required in every circumstance. This issue is discussed in the 9 th Edition\r\n2012/13 of our publication Insights into IFRS (2.1.35)."]
[null,null,null,"Forthcoming requirements"]
[null,null,null,"In Annual Improvements to IFRS – 2009–2011 Cycle , which is effective for annual periods\r\nbeginning on or after 1 January 2013, the IASB amends IAS 1 to clarify, among other things,\r\nthe requirements regarding the presentation of the third statement of financial position."]
[null,null,null,"●● The third statement of financial position is required only if a retrospective change in\r\naccounting policy, a retrospective correction of an error or a reclassification has a material\r\neffect on the information in the statement of financial position."]
[null,null,null,"●● Except for the disclosures required under IAS 8, notes related to the third statement of\r\nfinancial position are no longer required."]
[null,null,null,"●● The third statement of financial position to be presented is that at the beginning of the\r\npreceding period, rather than at the beginning of the earliest comparative period presented.\r\nThis is also the case even if an entity provides additional comparative information beyond\r\nthe minimum comparative information requirements."]
[null,4,null,"In our view, derivative assets and liabilities should be presented as separate line items in the\r\nstatement of financial position if they are significant. If derivative instruments are not significant,\r\nthen they may be included within other financial assets and other financial liabilities, respectively,\r\nwith additional details disclosed in the notes. This issue is discussed in the 9 th Edition 2012/13 of\r\nour publication Insights into IFRS (7.8.120.40)."]

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[]
[null,null,"Consolidated statement of financial position",null,null,"1, 2"]
[null,null,null,"31 December","31 December","1 January"]
[null,"In thousands of euro","Note","2012","2011\r\nRestated*","2011 3\r\nRestated*"]
[]
[null,"Property, plant and equipment","16","26,586",null,"31,049\t34,937"]
[null,"Intangible assets and goodwill","17","6,226",null,"4,661\t5,429"]
[null,"Biological assets","18","4,860",null,"6,111"]
[null,"Trade and other receivables","24",null,null,"213-\t-"]
[null,"Investment property","19",null,null,"950"]
[null,"Equity-accounted investees","20",null,null,"4,1793,638\t3,099"]
[null,"Other investments, including derivatives 4 21 3,525\t3,212"]
[null,"Deferred tax assets 2 on page 10","22","-",null,"1,376\t1,902"]
[null,"Employee benefits","29",null,null,"635731\t587"]
[null,"Non-current assets 5",null,"48,500",null,"52,666\t56,227"]
[null,null,null,12867,null,"12,119\t12,716"]
[null,"Biological assets",18,245,null,"140\t402"]
[null,"Other investments, including derivatives 4 21",null,null,null,821]
[null,"Current tax assets 3 on page 10",null,null,-228,"-"]
[null,"Trade and other receivables",24,26250,null,"17,999\t16,311"]
[null,"Prepayments 1,200 895"]
[null,"Cash and cash equivalents",25,1505,null,"1,850\t2,529"]
[null,"Assets held for sale 4 on page 10 8 -\t-"]
[null,"Current assets 5",null,56269,34568,33674]
[null,"Total assets 6 87,234\t89,901"]
[null,"*See Note 2(e)."]
[null,null,"The notes on pages 27 to 219 are an integral part of these consolidated financial statements."]

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[]
[null,2,12.74,"Deferred tax assets and liabilities are offset if the entity has a legally enforceable right to offset\r\ncurrent tax liabilities and assets (see Explanatory note 3 below), and the deferred tax liabilities\r\nand assets relate to income taxes levied by the same tax authority on either:"]
[null,null,null,"●● the same taxable entity; or"]
[null,null,null,"●● different taxable entities, but these entities intend to settle current tax liabilities and assets\r\non a net basis, or their tax assets and liabilities will be realised simultaneously for each future\r\nperiod in which these differences reverse."]
[null,3,"IAS 12.71","An entity offsets current tax assets and current tax liabilities only if it has a legally enforceable\r\nright to offset the recognised amounts and intends to realise the asset and settle the liability on a\r\nnet basis or simultaneously."]
[null,4,"IFRS 5.40","Comparatives are not restated to reflect classification as held-for-sale or held-for-distribution at\r\nthe end of the reporting period."]
[null,null,1.66,"In our view, non-current assets, as well as assets and liabilities of disposal groups, classified\r\nas held-for-sale or held-for-distribution are classified as current in the statement of financial\r\nposition. Consequently, presentation of a three-column statement of financial position with\r\nthe headings ‘Assets/Liabilities not for sale’, ‘Assets/Liabilities held for sale’ and ‘Total’, with the\r\nassets and liabilities held for sale or held for distribution included in non-current line items, would\r\nnot generally be appropriate. This issue is discussed in the 9 th Edition 2012/13 of our publication\r\nInsights into IFRS (5.4.110.30)."]

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[]
[null,"Explanatory notes"]
[null,1,"IAS 1.55, 58","Additional line items, headings and subtotals are presented in the statement of financial position\r\nwhen relevant to an understanding of an entity’s financial position. The judgement is based on an\r\nassessment of:\r\n●● the nature and liquidity of the assets;\r\n●● the function of assets within the entity; and\r\n●● the amounts, nature and timing of liabilities.\r\nAdditional line items may include, for example, a bank overdraft as illustrated here.\r\nIAS 1 does not prescribe the order or format in which an entity presents items. Additional line\r\nitems are included when the size, nature or function of an item or aggregation of similar items is\r\nsuch that separate presentation is relevant to an understanding of the entity’s financial position\r\nand the descriptions used. The ordering of items or aggregation of similar items may be amended\r\naccording to the nature of the entity and its transactions to provide information that is relevant to\r\nan understanding of an entity’s financial position."]
[]
[]
[]
[]
[null,null,"IAS 1.57"]
[null,2,12.74,"Deferred tax assets and liabilities are offset if the entity has a legally enforceable right to offset\r\ncurrent tax liabilities and assets (see Explanatory note 3 below), and the deferred tax liabilities\r\nand assets relate to income taxes levied by the same tax authority on either:"]
[null,null,null,"●● the same taxable entity; or"]
[null,null,null,"●● different taxable entities, but these entities intend to settle current tax liabilities and assets\r\non a net basis, or their tax assets and liabilities will be realised simultaneously for each future\r\nperiod in which these differences reverse."]
[null,3,"IAS 12.71","An entity offsets current tax assets and current tax liabilities only if it has a legally enforceable\r\nright to offset the recognised amounts and intends to realise the asset and settle the liability on a\r\nnet basis or simultaneously."]

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[]
[null,"Consolidated statement of financial position (continued) 1"]
[null,null,null,"31 December 31 December",null,"1 January"]
[null,"In thousands of euro","Note\t2012",null,"2011","2011"]
[null,null,"Restated*\tRestated*"]
[null,"Share","capital",14979,null,"14,550\t14,550"]
[null,"Share","premium",4777,null,"3,500\t3,500"]
[null,null,"Reserves",1210,null,"449\t322"]
[null,"Retained","earnings",20886,null,"14,006\t10,600"]
[null,"Equity attributable to owners of the Company",null,41852,null,"32,505\t28,972"]
[null,"Non-controlling","interests",null,null,"601"]
[null,"Total equity 26 33,347\t29,573"]
[null,"Loans and borrowings",28,20942,null,"19,206\t21,478"]
[null,"Employee benefits","29, 30",982,null,"841\t2,204"]
[null,"Trade and other payables","33, 34",290,5,"-"]
[null,"Deferred income/revenue",31,1389,1436,"-"]
[null,null,null,1010,null,"400\t682"]
[{"$nulls":5},"Deferred tax liabilities 2 22 1,567\t1,436"]
[null,"Non-current liabilities 5 on page 10",null,27077,null,"23,455\t25,800"]
[null,"Bank overdraft",25,null,null,"334282\t303"]
[null,"Current tax liabilities 3",null,762,null,-25]
[null,"Loans and borrowings",28,4390,4386,2017]
[null,"Trade and other payables",33,23489,null,"24,370\t30,627"]
[null,"Deferred income/revenue",31,213,null,"194\t156"]
[null,null,null,32660,null,"1,200\t1,400"]
[{"$nulls":5},"Liabilities held for sale 4 8 -\t-"]
[null,"Current liabilities 5 on page 8",null,34258,null,"30,432\t34,528"]
[null,"Total liabilities 6 53,887\t60,328"]
[null,"Total equity and liabilities",null,104769,null,"87,234\t89,901"]
[null,"* See Note 2(e)."]
[null,null,null,"The notes on pages 27 to 219 are an integral part of these consolidated financial statements."]

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[]
[null,"Explanatory notes"]
[null,1,"IAS 1.7, 81","Total comprehensive income is the change in equity during a period other than those changes\r\nresulting from transactions with owners in their capacity as owners. Entities have a choice of\r\npresenting all items of income and expense recognised in a period either in:\r\n●● one statement – i.e. a statement of comprehensive income; or\r\n●● two statements – i.e. a separate income statement and a statement beginning with profit or\r\nloss and displaying components of other comprehensive income.\r\nIn these illustrative financial statements, the one-statement approach is illustrated. Appendix II\r\nprovides an illustration of the two-statement approach."]
[null,2,"IAS 1.85","An entity presents additional line items, headings and subtotals when such presentation is\r\nrelevant to an understanding of its financial performance."]
[null,3,"IAS 1.99, 100","An entity presents an analysis of expenses based on function or nature whichever provides\r\ninformation that is reliable and more relevant. This analysis may be presented in the statement\r\nof comprehensive income or in the notes. Individual material items are classified in accordance\r\nwith their nature or function, consistent with the classification of items that are not material\r\nindividually. This issue is discussed in the 9th Edition 2012/13 of our publication Insights into\r\nIFRS (4.1.82.10–20). In these illustrative financial statements, we present the analysis based on\r\nfunctions within the entity."]
[null,4,null,"IFRS does not specify whether revenue should be presented only as a single line item in the\r\nstatement of comprehensive income, or whether an entity may also present the individual\r\ncomponents of revenue, with a subtotal for revenue from continuing operations."]
[null,5,"IAS 28.38","An entity separately presents its share of any discontinued operations of associates."]