Notes to the company financial statements
The company financial statements form part of the financial statements of Corio N.V. (‘Corio’ or ‘the Company’) for 2009. The company financial statements presented are in accordance with Part 9, Book 2, of the Netherlands Civil Code.
For the company financial statements of Corio, use has been made of the exemption provided by Section 402, Book 2, of the Netherlands Civil Code. The financial statements have been prepared in compliance with the Financial Supervision Act 2007.
Basis for the recognition and measurement of assets and liabilities and the determination of the result
In establishing the basis for the recognition and measurement of assets and liabilities and the determination of the result for its company financial statements, Corio makes use of the option provided by Section 362, subsection 8, Book 2, of the Netherlands Civil Code whereby the basis for the recognition and measurement of assets and liabilities and the determination of the result (accounting policies) used for Corio’s company financial statements are the same as that for the consolidated financial statements. Subsidiaries in which Corio has a controlling interest are measured applying the equity method. The consolidated figures are prepared according to the standards laid down by the International Accounting Standards Board and adopted by the European Union (EU-IFRS). See pages 90 to 95 for a description of these accounting policies.
The share of the results of subsidiaries, associates and joint ventures consists of Corio’s share of the results of these entities. Results on transactions in which assets and liabilities have been transferred between Corio and other entities in the Group and between these entities themselves have not been included where they can be deemed to be unrealised.
Basis for the measurement and determination of the result
The basis for the measurement and determination of the results is the same as that for the consolidated financial statements in this report. Investments in entities over which Corio has control or is able to exercise significant influence are accounted for using the equity method.
Source: Annual Report 2009, Chapter Finacial Statements, page 118 (PDF, 240 kB)
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