Financial statements 2017



Consolidated financial statements
108
Consolidated statement of financial position
108
Consolidated statement of profit or loss
109
Consolidated statement of comprehensive income
110
Condensed consolidated statement of changes in equity
111
Consolidated statement of cash flows
112
Notes to the consolidated financial statements
113
1. ForFarmers N.V.
113
2. Basis of accounting
113
3. Functional and presentation currency
114
4. Use of judgements and estimates
114
5. Operating segments
117
6. Business combinations
119
7. Disposals
120
8. Revenue
121
9. Cost of raw materials and consumables
121
10. Other operating income
121
11. Operating expenses
122
12. Net finance costs
123
13.Earnings per share
123
14. Share-based payment arrangements
124
15. Employee benefits
126
16. Income taxes
133
17. Property, plant and equipment
138
18. Intangible assets and goodwill
140
19. Investment property
143
20. Equity-accounted investees
144
21. Trade and other receivables
146
22. Inventories
147
23. Biological Assets
147
24. Cash and cash equivalents
149
25. Assets held for sale
149
26. Equity
150
27. Capital Management
154
28. Loans and borrowings
156
29. Provisions
159
30. Trade and other payables
160
31. Financial instruments – Fair values and risk management
161


32. List of main subsidiaries
170
33. Non-controlling interests
171
34. Operating leases
173
35. Commitments and contingencies
173
36. Related parties
174
37. Events after the reporting period
178
38. Basis of measurement
180
39. Significant accounting policies
180
40. Standards issued but not yet effective
191
Company financial statements
194
Company balance sheet
194
Company statement of profit or loss
195
Notes to the company financial statements
196
41. General
196
42. Principles for the measurement of assets and liabilities and the determination of the result
196
43. Investments in subsidiaries
196
44. Receivables from and debts to group companies
196
45. Financial instruments
197
46. Taxes and social security
197
47. Shareholders' equity
198
    Proposal for profit appropriation
201
48. Provisions
202
49. Credit facilities
202
50. Commitments and contingencies
202
51. Remuneration of the supervisory board and the executive board
203
Other information
204
Result appropriation scheme under the articles of association
204
Special provision in the articles of association regarding governance
206
Branch offices
207
Independent auditor's report
208
Overview financial history
218