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Nabaltec_E_GB2016

ACCOUNTING POLICIES 69 NASHTEC LLC in TEUR Revenues Expenses Annual result Annual result attributable to shareholders in the parent company Annual result attributable to non-controlling interests Total net income Other comprehensive income attributable to shareholders in the parent company Other comprehensive income attributable to non-controlling interests Total other comprehensive income Comprehensive income attributable to shareholders in the parent company Comprehensive income attributable to non-controlling interests Comprehensive income Dividends paid to non-controlling shareholders Net cash flow from operating activity Net cash flow from investment activity Net cash flow from financing activity Total net cash flow 2016 11,660 –11,783 –123 –63 –60 –123 24 24 48 –39 –36 –75 — 2,313 –2,087 –639 –413 2015 15,398 –13,902 1,496 763 733 1,496 38 35 73 801 768 1,569 — 2,446 –1,348 –1,161 –63 There were no associated companies, joint ventures and cooperative activities in the reporting year. 2.4 CONSOLIDATION METHODS Capital consolidation for the subsidiary was performed in accordance with IAS 27 (2008), “Consolidated and separate financial statements,” in conjunction with IFRS 3 R, “Business com- binations,” by netting out the book value of the investment with the subsidiary’s remeasured capital at the time of the acquisition (remeasurement method). The cost of acquisition is equal to the fair value of the assets paid, the equity instruments issued and the liabilities incurred and assumed on the transaction date (the date of exchange), plus the costs directly attributable to the acquisition. Identifiable assets, liabilities and contingent liabilities in connection with a business combination are measured upon initial consolidation at their fair value as of the acquisition date, regardless of the amount of non-controlling interests. The amount by which the cost of acquisi- tion exceeds the Group’s share in the net assets of the subsidiary, measured at fair value, is recog- nized as goodwill. If the cost of acquisition is lower than the net assets of the acquired subsidiary, measured at fair value, the difference is recognized immediately in the consolidated statement of comprehensive income, following additional review. The impact of all material intra-Group transactions is eliminated by netting out income and expenses and accounts receivable and payable between Group companies. Interim results from intra-Group sales of assets which have yet to be resold to third parties are eliminated. The tax deferrals required in accordance with IAS 12 are performed on temporary differences arising from consolidation measures. The results of subsidiaries which are acquired or sold over the course of the year are included in the consolidated statement of comprehensive income from the time the Group begins to exercise control until the time that such control ceases. Annual Report 2016 | Nabaltec AG |||| 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

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