Judgements, estimates and assumptions

The preparation of the consolidated financial statements was based on a number of judgements, estimates and assumptions that had an effect on the measurement and presentation of the reported assets, liabilities, income and expenses as well as contingent liabilities.


Information on the key judgements that materially affected the amounts reported in these consolidated financial statements relate to the following circumstances or note disclosures:

Estimates and assumptions

Information on estimates and underlying assumptions with significant effects on these consolidated financial statements relates to the following circumstances or is included in the following notes:

Although great care has been taken in making these estimates and assumptions, actual measurements may deviate from them in individual cases. The estimates and assumptions used in the consolidated financial statements are regularly reviewed. Changes are taken into account at the time new information becomes available.

Fair value
Recognised fair value. Amount that would have been received in return for the disposal of an asset or paid for the assignment of a debt in an ordinary transaction conducted between market participants on the assessment date.