Extraordinary General Meeting of the Shareholders.

Superior Transport Telematics SA in Greece.
The Group’s holding firm Intracom S.A. Holdings, which is listed on the Athens Inventory Trade.
These monetary statements have been authorized for difficulty by the Board of Administrators on 7
th of August
2015 and are topic to approval by the Annual/ Extraordinary Common Assembly of the
Shareholders.
2. Abstract of serious accounting insurance policies
2.1. Foundation of preparation
These monetary statements include the consolidated monetary statements of the Firm and its
subsidiaries (the “Group”) for the 12 months ended 31 December 2014, in accordance with Worldwide
Monetary Reporting Requirements (“IFRS”), as adopted by the European Union (EU).
These monetary statements have been ready beneath the historic value conference, as modified
by the available-for-sale monetary belongings, monetary belongings at truthful worth via revenue or loss and
spinoff monetary devices, that are carried at truthful worth.
The preparation of economic statements in accordance with IFRS requires using sure vital
accounting estimates. It additionally requires administration to train judgement within the means of
making use of the Firm’s accounting insurance policies. Furthermore, using estimates and assumptions is
required that have an effect on the reported quantities of belongings and liabilities, the disclosure of contingent
belongings and liabilities on the date of preparation of economic statements and the reported earnings and
expense quantities in the course of the reporting interval. Though these estimates are based mostly on the perfect
doable information of administration with respect to the present circumstances and actions, the precise
outcomes can ultimately differ from these estimates. The areas involving the next diploma of
judgement or complexity, or areas the place assumptions and estimates are important to the monetary
statements are disclosed in Notice 4.
Accounting insurance policies used within the preparation of the monetary statements of subsidiaries, associates
and joint ventures are in step with these utilized by the dad or mum firm.
New requirements, amendments to requirements and interpretations: Sure new requirements,
amendments to requirements and interpretations have been issued which can be necessary for intervals
starting in the course of the present monetary 12 months and subsequent years. The Group’s analysis of the
impact of those new requirements, amendments to requirements and interpretations is as follows:
Requirements and Interpretations efficient for the present monetary 12 months
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 32 of 89
IAS 1 (Modification) “Presentation of Monetary Statements”
The modification requires entities to separate gadgets offered in different complete earnings into
two teams, based mostly on whether or not or not they could be recycled to revenue or loss sooner or later. The
modification has been adopted by the Group and the presentation of the assertion of different
complete earnings has been modified.
IAS 19 (Modification) “Worker Advantages”
This modification makes important modifications to the popularity and measurement of outlined profit
pension expense and termination advantages (eliminates the hall strategy) and to the disclosures
for all worker advantages. The important thing modifications relate primarily to recognition of actuarial beneficial properties and
losses, recognition of previous service value / curtailment, measurement of pension expense, disclosure
necessities, remedy of bills and taxes referring to worker profit plans and distinction
between “short-term” and “different long-term” advantages. The impact from the adoption of the amended
IAS 19 and the related changes are offered in be aware 40.
IFRS 13 “Truthful Worth Measurement”
IFRS 13 offers new steerage on truthful worth measurement and disclosure necessities. These
necessities don’t lengthen using truthful worth accounting however present steerage on the way it ought to
be utilized the place its use is already required or permitted by different requirements inside IFRSs. IFRS 13
offers a exact definition of truthful worth and a single supply of truthful worth measurement and
disclosure necessities to be used throughout IFRSs. Disclosure necessities are enhanced and apply to
all belongings and liabilities measured at truthful worth, not simply monetary ones. This normal has no
materials influence on the Group’s monetary statements.
IFRS 7 (Modification) “Monetary Devices: Disclosures”
The IASB has printed this modification to incorporate data that may allow customers of an entity’s
monetary statements to judge the impact or potential impact of netting preparations, together with
rights of set-off related to the entity’s recognised monetary belongings and recognised monetary
liabilities, on the entity’s monetary place. This modification has no materials influence on the Group’s
monetary statements.
IAS 36 (Modification) “Recoverable quantity disclosures for non-financial belongings”
This modification requires: a) disclosure of the recoverable quantity of an asset or money producing
unit (CGU) when an impairment loss has been recognised or reversed and b) detailed disclosure of
how the truthful worth much less prices of disposal has been measured when an impairment loss has been
recognised or reversed. Additionally, it removes the requirement to reveal recoverable quantity when a
CGU accommodates goodwill or indefinite lived intangible belongings however there was no impairment. The
Group has early adopted the modification within the present 12 months, though it’s not a compulsory
requirement till 1st January 2014.
Amendments to requirements that type a part of the IASB’s 2011 annual enhancements
mission
The amendments set out under describe the important thing modifications to IFRSs following the publication in Might
2012 of the outcomes of the IASB’s annual enhancements mission. Until in any other case acknowledged, these
amendments haven’t any materials influence on the Group.
INTRASOFT INTERNATIONAL
Consolidated Monetary Statements in accordance with IFRS
31 December 2014
Web page 33 of 89
IAS 1 “Presentation of economic statements”
The modification clarifies the disclosure necessities for comparative data when an entity
offers a 3rd steadiness sheet both (a) as required by IAS 8 “Accounting insurance policies, modifications in
accounting estimates and errors” or (b) voluntarily.
IAS 16 “Property, plant and gear”
The modification clarifies that spare elements and servicing gear are labeled as property, plant
and gear somewhat than stock after they meet the definition of property, plant and
gear, i.e. when they’re used for a couple of interval.
IAS 32 “Monetary devices: Presentation”
The modification clarifies that earnings tax associated to distributions is recognised within the earnings
assertion and earnings tax associated to the prices of fairness transactions is recognised in fairness, in
accordance with IAS 12.
IAS 34 “Interim monetary reporting”
The modification clarifies the disclosure necessities for phase belongings and liabilities in interim
monetary statements, in keeping with the necessities of IFRS 8 “Working segments”.
Requirements and Interpretations efficient for intervals starting on or after 1 January 2014
IFRS 9 “Monetary Devices” (efficient for annual intervals starting on or after 1 January
2015)
IFRS 9 is the primary Section of the Board’s mission to switch IAS 39 and offers with the classification
and measurement of economic belongings and monetary liabilities. The IASB intends to increase IFRS 9 in
subsequent phases so as to add new necessities for impairment. The Group is at present
investigating the influence of IFRS 9 on its monetary statements. The Group can not at present early
undertake IFRS 9 because it has not been endorsed by the EU. Solely as soon as authorized will the Group determine if
IFRS 9 will likely be adopted previous to 1 January 2015.
IFRS 9 “Monetary Devices: Hedge accounting and amendments to IFRS 9, IFRS7 and
IAS 39” ((efficient for annual intervals starting on or after 1 January 2015)
The IASB has printed IFRS 9 Hedge Accounting, the third part of its substitute of IAS 39
which establishes a extra principles-based strategy to hedge accounting and addresses
inconsistencies and weaknesses within the present mannequin in IAS 39. The second modification requires
modifications within the truthful worth of an entity’s debt attributable to modifications in an entity’s personal credit score threat to
be recognised in different complete earnings and the third modification is the removing of the
necessary efficient date of IFRS 9. These amendments haven’t but been endorsed by the EU.
IFRS 7 (Modification) “Monetary Devices: Disclosures” (efficient for annual intervals
starting on or after 1 January 2015)
The modification requires further disclosures on transition from IAS 39 to IFRS 9. The
modification has not but been endorsed by the EU and isn’t anticipated to have a cloth influence on
the Group’s monetary statements.

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