Materiality thresholds
IFRS should be applied to all transactions and operations of Group entities, unless these transactions are immaterial.
IFRS apply in full for all other items/operations, not appearing in the table, unless after discussions the corporate department agrees for them not to be taken into account in the publication of the financial statements.
The materiality thresholds presented in the table below have been chosen by the corporate department for applying the selected accounting policies to the balance sheet and income statement items:
Balance sheet element or item | Materiality threshold |
|---|---|
| Components of property, plant and equipment |
|
| Spare parts to be classified in property, plant and equipment |
|
| Capitalisation of development expenses | Projects > 300 kEUR |
| Discounting of provisions |
|
| Selection of a related party | Annual transactions > 1 MEUR |