Nabaltec_E_GB2016 - Notes

60 GENERAL/ ACCOUNTING POLICIES NABALTEC AG CONSOLIDATED NOTES FOR THE FINANCIAL YEAR 1 JANUARY 2016 TO 31 DECEMBER 2016 S T N E M E T A T S L A I C N A N I F D E T A D I L O S N O C 1. GENERAL Nabaltec AG, with registered office in Schwandorf, Germany1, was formed by Company Agree- ment of 14 December 1994 with the corporate name Nabaltec GmbH and registered office in Schwandorf (entered into the Commercial Register of the Local Court of Amberg under Commercial Register No. B 3920). It acquired the specialty oxides business of VAW aluminium AG in 1995 and was transformed into a joint-stock company in 2006. The corporate purpose pursuant to § 2 of the Articles of Association of Nabaltec AG is the manufacture of products based on mineral raw materials, particularly aluminum hydroxide and aluminum oxide, and the distribution of those products. The shares of Nabaltec AG have been listed in the open market (Entry Standard) division of the Frankfurt Stock Exchange since 24 November 2006. They are included in the new market segment “Scale” since 1 March 2017. The present consolidated financial statements were approved by the Management Board on 17 March 2017. 2. ACCOUNTING POLICIES The recognition and measurement methods presented below are consistently applied in all of the reporting periods presented here. PRINCIPLES OF ACCOUNTING 2.1 The consolidated financial statements for 31 December 2016 (including disclosures for the year before as of 31 December 2015) were prepared in accordance with the International Finan- cial Reporting Standards (IFRS) as applied in the EU, as well as the provisions of the German Commercial Code which are to be observed additionally in accordance with § 315a (1) of the German Commercial Code. The IFRS include the International Financial Reporting Stand- ards and International Accounting Standards (IAS) published by the International Accounting 1 Nabaltec AG, Alustraße 50 – 52, 92421 Schwandorf, Germany |||| Nabaltec AG | Annual Report 2016

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