ifrs - cimpor

8/6/2019 IFRS - CIMPOR

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Case 1 The aplication of IAS 1

Universidade Catlica Portuguesa International Financial Reporting Standards


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CIMPOR Cimentos de Portugal

Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 2 |

International Financial Reporting StandardsCase 1 The aplication of IAS 1

Largest Portuguese cement group

Operating in 13 countries

Involved in manufacturing and marketing cement, hydraulic lime, concrete and

aggregates, precast concrete and dry mortars

Listed on the Euronext Lisbon stock exchange

Member of the benchmark PSI-20 index

Mozambique

Portugal Spain Morocco

Brazil

Tunisia

TurkeyCape Verde

China

Egypt

South Africa India

Peru


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Assumptions and Qualitative Characteristics



Accruals Basis

The company records income and expenses on an accruals basis. Under this basis, income

and expenses are recorded in the period to which they relate independently of when the

corresponding amounts are received or paid. Differences between the amounts received

and paid and the related income and expenses are recorded in accrual and deferral

captions.CIMPOR REPORT AND ACCOUNTS 09, Notes to the consolidated financial statements

For the year ended 31 December 2009, page 274

Going concern

The accompanying financial statements were prepared on a going concern basis from the

books and accounting records of the companies included in the consolidation ()CIMPOR REPORT AND ACCOUNTS 09, Notes to the consolidated financial statements

For the year ended 31 December 2009, page 129

Consistency

Comparability

Relevance


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Structure of the Financial report



Statement of Financial Position (Balance Sheet)

Statement of Comprehensive Income (Income Statement)

Statement of Changes in Shareolders Equity

Cash Flow Statement

Notes to the Consolidated Financial Statements


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IAS 1- 8 Components of Financial StatementsStatement of Financial Position (Balance Sheet)



Cash Flow Statement



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Statement of Financial Position (Balance Sheet)



76%76%

24%24%

27%27%

43%43%

9%9%

61%61%

45%45%

39%39%

33%33%

9%9%

16%16%


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Cash Flow Statement



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82%82%

100%100%

18%18%

15%15%

11%11% + 5,3%+ 5,3%


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Cash Flow Statement



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Cash Flow Statement



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Cash Flow Statement



+ 43%+ 43%

+ 162%+ 162%


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Conclusion



()This analysis indicated that the accounting standards used in the

preparation of and presentation of those statements complied with the

International Financial Reporting Standards as adopted by the European

Union, in addition to complying with law and the articles of association.

CIMPOR REPORT AND ACCOUNTS 09,

REPORTAND OPINION OF THE AUDIT BOARD STATUTORY AUDITORS REPORT AND AUDITORS REPORT

4. ConsolidatedFinancial Statements ,page 254


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Case 1 The aplication of IAS 1

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