Catom Annual Report 2022 EN

A subsequently acquired share in the profit of the participating interest is only recognised if and insofar as the accumulated non-recognised share in the loss has been made good.

2.6.2. Loans issued and other receivables Upon initial recognition, receivables included under other financial fixed assets are stated at their fair value (usually nominal value) less any provisions deemed necessary. Subsequently, these receivables are stated at amortised cost.

2.7. Stock The stock consists of fuels (finished product) and other products (goods for resale).

The stock is valued at acquisition prices applying the first-in, first-out (FIFO) method or lower net realisable value. This lower net realisable value is determined by individual assessment of the inventories. Stocks of trade goods are valued individually at acquisition price or lower net realisable value. The net realisable value is the estimated selling price less directly attributable selling expenses. In determining the net realisable value, any obsolescence of the stocks is taken into account. 2.8. Receivables Current receivables are stated at fair value upon their initial recognition and subsequently at amortised cost less any provisions deemed necessary. These provisions are determined through individual assessment of the receivables. Where receivables do not involve a premium or discount and transaction costs, which means that the effective interest rate is zero, the amortised cost is equal to the nominal value. 2.9. Cash and cash equivalents Cash and cash equivalents are stated at nominal value. If the cash and cash equivalents are not freely available, this will be taken into account for the valuation.

2.10. Revaluation reserve 2.10.1. Revaluation of tangible fixed assets

If revaluations are reflected in the revaluation reserve net of the relevant (deferred) tax liabilities, the realisation of the revaluations is credited to other reserves on a net basis.

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