The statement of cash flows is an optional statement included by most companies in their annual repo

Voluntary export restraint WTO: World Trade Organization Abandonment value: The value of a project if the project's assets were sold externally; or alternatively, its opportunity value if the assets were employed elsewhere in the firm.

NCC performs functions of a clearing organization and central counterparty on the financial market. NCC has a license for clearing activities.

ETS is a commodity exchange, which has a license for organisation of trading in commodities in Kazakhstan. Basis of Presentation These Consolidated Financial Statements are presented in millions of Russian rubles, unless otherwise indicated.

These Consolidated Financial Statements have been prepared on the historical cost basis except for certain financial assets and liabilities that are measured at fair value.

The statement of cash flows is an optional statement included by most companies in their annual repo

Foreign subsidiaries of the Group maintain their accounting records in accordance with the accounting standards of the countries in which they operate. These Consolidated Financial Statements have been prepared on basis of the statutory accounting records and have been adjusted to conform to IFRS.

Accounting, Financial, Tax

Inflation Accounting The Russian economy was considered hyperinflationary until December 31, The effect of applying IAS 29 is that non-monetary items, including components of equity, were restated to the measuring units current at December 31, by applying the relevant inflation indices to the historical cost, and that these restated values were used as a basis for accounting in subsequent periods.

The Group controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. In particular, the Group consolidates investees that it controls on the basis of de facto circumstances.

The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated in full; unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Where necessary, accounting policies for subsidiaries have been changed to ensure consistency with the policies adopted by the Group.

A change in the ownership interest of a subsidiary, without a change of control, is accounted for as an equity transaction.

Benjaminpohle.com | Annual Report

Losses are attributed to the non-controlling interests even if that results in a deficit balance. Business Combinations Business combinations are accounted for using the acquisition method.

The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree.

Acquisition-related costs are recognised in profit or loss as incurred.

The statement of cash flows is an optional statement included by most companies in their annual repo

Amounts arising from interests in the acquiree prior to the acquisition date that have previously been recognised in other comprehensive income are reclassified to profit or loss where such treatment would be appropriate if that interest were disposed of.

Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business see above less accumulated impairment losses, if any.

Annual Report 2017

A cash-generating unit to which goodwill has been allocated is tested for impairment at least annually, or more frequently when there is indication that the unit may be impaired.

If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata based on the carrying amount of each asset in the unit.

Any impairment loss for goodwill is recognised directly in profit or loss in the Consolidated Statement of Profit or Loss. An impairment loss recognised for goodwill is not reversed in subsequent periods.

On disposal of the relevant cash-generating unit, the attributable amount of goodwill is included in the determination of the profit or loss on disposal. Investments in associates are accounted for under the equity method and are initially recognised at cost, including goodwill.

Revenue for services provided over a period is recognized pro rata over the contractual term and consists of commission income on operations with long-term exchange instruments, listing fees, depositary fees, and other. Recognition of Interest Income Interest income is recognized on an accrual basis using the effective interest method.

The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating the interest income over the relevant period.The annual report to shareholders is a document used by most public companies to disclose corporate information to their shareholders.

It is usually a state-of-the-company report, including an opening letter from the Chief Executive Officer, financial data, results of operations, market segment information, new product plans, subsidiary activities, . Cash budget: A forecast of a firm's future cash flows arising from collections and disbursements, usually on a monthly basis.

Cash concentration: The movement of cash from lockbox or field banks into the firm's central cash pool residing in a concentration bank. The cash flow statement is the newest of the three fundamental financial statements prepared by most companies and required to be filed with the Securities and Exchange Commission by all publicly.

Investing cash flows: the acquisition and disposal of long-term assets and other investments not included in cash equivalents. These represent the extent to which expenditures have been made for resources intended to generate future income and cash flows. Because companies can generate and use cash in several different ways, the statement of cash flows is separated into three sections: cash flows from operating activities, from investing activities.

They are companies who ever reported the items on their K Cash Flow Statement to SEC. Additions and Deductions of Noncash Income and Expense Items Additions.

Financial Statements