8/6/2019 IFRS - CIMPOR
1/14
Case 1 The aplication of IAS 1
Universidade Catlica Portuguesa International Financial Reporting Standards
8/6/2019 IFRS - CIMPOR
2/14
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
8/6/2019 IFRS - CIMPOR
3/14
Assumptions and Qualitative Characteristics
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 3 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
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
8/6/2019 IFRS - CIMPOR
4/14
Structure of the Financial report
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 4 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
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
8/6/2019 IFRS - CIMPOR
5/14
Structure of the Financial report
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 5 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
IAS 1- 8 Components of Financial StatementsStatement 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
8/6/2019 IFRS - CIMPOR
6/14
Statement of Financial Position (Balance Sheet)
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 6 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
76%76%
24%24%
27%27%
43%43%
9%9%
61%61%
45%45%
39%39%
33%33%
9%9%
16%16%
8/6/2019 IFRS - CIMPOR
7/14
Structure of the Financial report
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 7 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
IAS 1- 8 Components of Financial StatementsStatement 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
8/6/2019 IFRS - CIMPOR
8/14
Statement of Comprehensive Income (Income Statement)
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 8 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
82%82%
100%100%
18%18%
15%15%
11%11% + 5,3%+ 5,3%
8/6/2019 IFRS - CIMPOR
9/14
Structure of the Financial report
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 9 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
IAS 1- 8 Components of Financial StatementsStatement 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
8/6/2019 IFRS - CIMPOR
10/14
Statement of Changes in Shareolders Equity
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 10 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
8/6/2019 IFRS - CIMPOR
11/14
Structure of the Financial report
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 11 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
IAS 1- 8 Components of Financial StatementsStatement 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
8/6/2019 IFRS - CIMPOR
12/14
Cash Flow Statement
International Financial Reporting StandardsCase 1 The aplication of IAS 1
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 12 |
+ 43%+ 43%
+ 162%+ 162%
8/6/2019 IFRS - CIMPOR
13/14
Conclusion
Ana Raquel Ferreira n 152110001 | Katharina Loerks n 159110547 | Raquel Matoso n 152110075 13 |
International Financial Reporting StandardsCase 1 The aplication of IAS 1
()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
8/6/2019 IFRS - CIMPOR
14/14
Case 1 The aplication of IAS 1