enforceable right to set o the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle
the liability simultaneously.
are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their
fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The
company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.
fair value, net of transaction costs, and are measured subsequently at amortised cost using the e ective interest method.
The company's functional and presentational currency is Euros.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at
the dates of the transactions.
historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value
are measured using the exchange rate when fair value was determined.
rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income statement except when
deferred in other comprehensive income as qualifying cash flow hedges.
within `finance income or costs'. All other foreign exchange gains and losses are presented in the Income statement within `other
operating income'.
company in an independently administered fund. The pension cost charge represents contributions payable by the company to the
fund.
comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in
equity respectively.
the reporting date in the countries where the Company operates and generates income.