Financial statements 2018

Consolidated financial statements
118
Consolidated statement of financial position
118
Consolidated statement of profit or loss
119
Consolidated statement of comprehensive income
120
Consolidated statement of changes in equity
121
Consolidated statement of cash flows
122
Notes to the consolidated financial statements
123
1. ForFarmers N.V.
123
2. Basis of accounting
123
3. Functional and presentation currency
124
4. Use of judgements and estimates
124
5. Operating segments
127
6. Business combinations
130
7. Disposals
134
8. Revenue
134
9. Cost of raw materials and consumables
135
10. Other operating income
135
11. Operating expenses
135
12. Net finance costs
136
13. Earnings per share
137
14. Share-based payment arrangements
138
15. Employee benefits
140
16. Income taxes
145
17. Property, plant and equipment
150
18. Intangible assets and goodwill
152
19. Investment property
155
20. Equity-accounted investees
156
21. Trade and other receivables
158
22. Inventories
159
23. Biological Assets
159
24. Cash and cash equivalents
161
25. Assets held for sale
161
26. Equity
162
27. Alternative performance measures
166
28. Capital Management
168
29. Loans and borrowings
169
30. Provisions
173
31. Trade and other payables
174
32. Financial instruments – Fair values and risk management
175


33. List of main subsidiaries
184
34. Non-controlling interests
185
35. Operating leases
187
36. Commitments and contingencies
187
37. Related parties
188
38. Events after the reporting period
192
39. Basis of measurement
193
40. Significant accounting policies
193
41. Standards issued but not yet effective
209
Company financial statements
211
Company balance sheet
211
Company statement of profit or loss
212
Notes to the company financial statements
213
42. General
213
43. Principles for the measurement of assets and liabilities and the determination of the result
213
44. Investments in subsidiaries
213
45. Receivables from and debts to group companies
213
46. Financial instruments
214
47. Taxes and social security
214
48. Shareholders' equity
215
    Proposal for profit appropriation
218
49. Provisions
219
50. Credit facilities
219
51. Commitments and contingencies
219
52. Remuneration of the supervisory board and the executive board
219
Other information
220
Result appropriation scheme under the articles of association
220
Special provision in the articles of association regarding governance
222
Branch offices
223
Independent auditor's report
224
Sustainability assurance report of the independent auditor
236
Overview financial history
243