4.4Introductorynotesandaccountingpolicies
4.4.1Reportingentity












Subsidiaries Registeredoce
Participating
interest
Equityasat
31 December
2018
Netprotorloss
for2018
    
    
    
    
IPPS d. o. o.    
    
    
4.4.2Basisofpreparation
a)Statementofcompliance





Entryintoforceofthelatestamendmentstoexistingstandardsthatapplyduringthecurrentreportingperiod.


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IFRS9FinancialInstruments




Classication and Measurement



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Impairments



Hedging


Own Credit Risk


• IFRS15RevenuesfromContractswithCustomers













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AmendmentstoIFRS15RevenuefromContractswithCustomers


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AmendmentstoIAS40InvestmentProperty







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AmendmentstoIFRS1andIAS28(ImprovementstotheIFRS,2014–2016cycle)












• IFRIC22ForeignCurrencyTransactionsandAdvanceConsideration








IllustrationoftheeectofIFRS9andIFRS15

ITEM 1/1/2018
Amendmentto
IFRS9
Amendmentto
IFRS15
31/12/2017
ASSETS
Non-currentassets
    
    
2,603,942 79,450 - 2,524,492
Current assets
    
    
    
56,610,827 -480,267 - 57,091,094
Total assets 59,214,769 -400,817 - 59,615,586
EQUITYANDLIABILITIES
Equity
    
    
20,296,349 -400,817 - 20,697,166
Current liabilities
    
    
32,329,846 - - 32,329,846
Total liabilities 32,329,846 - - 32,329,846
Totalequityandliabilities 52,626,195 -400,817 - 53,027,012








ITEM
Categoryunder
IAS39
Categoryunder
IFRS9
IAS39 IFRS9 Eect








OCI*
  





  





  





  



  
Total 41,123,928 40,695,159 -400,818

StandardsandamendmentstoexistingstandardsissuedbytheIASBandadoptedbytheEUbut
notyeteective


• IFRS 16 Leases













• AmendmentstoIFRS9FinancialInstruments





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IFRIC23UncertaintyoverIncomeTaxTreatments
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• 



AssessmentoftheeectoftheapplicationofIFRS16ontheGroup’sstatementofnancialposition

ITEM 2019
Assets
 
Liabilities
 
 
AssessmentoftheeectoftheapplicationofIFRS16ontheCompany’sincomestatementfor2019

ITEM 2019
 
 
Operatingprot(EBIT) 85,741
 
Pre-taxprotorloss -56,709
Reconciliationofitemsintheforecastincomestatementfor2019disclosedinaccordancewithIFRS16
withpreviouslyappliedaccountingpolicies

ITEM IFSR 16 IAS17
  
  
Operatingprot(EBIT) -3,493,657 -3,579,398
  
Pre-taxprotorloss -3,636,107 -3,579,398
NewstandardsandamendmentstoexistingstandardsissuedbytheIASBbutnotyetadoptedbytheEU



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AmendmentstoIFRS3BusinessCombinations







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AmendmentstoIFRS10ConsolidatedFinancialStatementsandIAS28InvestmentsinAssociatesand
JointVentures






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AmendmentstoIAS1PresentationofFinancialStatementsandIAS8AccountingPolicies,Changesin
AccountingEstimatesandErrorsMaterial


material 
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AmendmentstoIAS19EmployeeBenets




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AmendmentstoIAS28InvestmentsinAssociatesandJointVentures






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Amendmentstovariousstandards(ImprovementstotheIFRS,2015–2017cycle)








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RevisionstotheConceptualFrameworkforFinancialReporting
















b)Useofestimatesandjudgements



inter alia











• Assessmentoftheusefullifeofamortisableanddepreciableassets




• Testingfortheimpairmentofnon-nancialassets









force majeure 






• Testingfortheimpairmentofreceivablesandassetsfromcontractswithcustomers


• Estimatedprovisionsforpost-employmentemployeebenets







• Estimatedprovisionsforlawsuitsandcontingentliabilities






• Testingfortheimpairmentofgoodwill












c)Basisofmeasurement


d)Functionalandreportingcurrency






4.4.3Signicantaccountingpolicies




a)Basisforconsolidation




























b)Intangibleassets
Goodwill





Otherintangibleassets





Subsequentexpenditure



Amortisation





TYPEOFASSET 2018 2017
  

c)Property,plantandequipment




















Subsequentexpenditure




Depreciation





TYPEOFASSET 2018 2017
  
  
Car park  
  
  
  

d)Assetsundernanceleases












e)Investmentproperty




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
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




Financial assets at amortised cost




• 
• 
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

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




Financialassetsatfairvaluethroughothercomprehensiveincome


• 
• 
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

Impairment of nancial assets


Impairmentoftradereceivablesandloansgranted


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g)Othernon-currentassets
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h)Assetsheldforsale
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

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
i)Assetsfromcontractswithcustomers










j)Inventoriesofmaterialandmerchandise











k)Advancesandotherassets

l)Equity









m)Provisions










• 
• 
• 
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


• 
• 

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
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


p)Liabilitiesfromcontractswithcustomers




q)Otherliabilities


r)Contingentassetsandliabilities







s)Revenuesfromcontractswithcustomers















t)Financeincomeandcosts
Finance income 

Finance costs 


u)Corporateincometax

















v)Determinationoffairvalue
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
Level1–

Level2–

Level3–
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z)Cashowstatement
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