Financial statements 2019

Consolidated financial statements
126
Consolidated statement of financial position
126
Consolidated statement of profit or loss
127
Consolidated statement of comprehensive income
128
Consolidated statement of changes in equity
129
Consolidated statement of cash flows
130
Notes to the consolidated financial statements
131
1. ForFarmers N.V.
131
2. Basis of accounting
131
3. Functional and presentation currency
134
4. Use of judgements and estimates
134
5. Operating segments
136
6. Business combinations
138
7. Disposals
140
8. Revenue
141
9. Cost of raw materials and consumables
141
10. Other operating income
141
11. Operating expenses
141
12. Net finance result
142
13. Earnings per share
143
14. Share-based payment arrangements
144
15. Employee benefits
146
16. Income taxes
151
17. Alternative Performance Measures
156
18. Property, plant and equipment
158
19. Right-of-use assets
160
20. Intangible assets and goodwill
162
21. Investment property
166
22. Equity-accounted investees
167
23. Trade and other receivables
169
24. Inventories
170
25. Biological Assets
170
26. Cash and cash equivalents
172
27. Assets held for sale
172
28. Equity
173
29. Capital Management
177
30. Loans and borrowings
178
31. Provisions
181
32. Trade and other payables
182
33. Financial instruments – Fair values and risk management
183


34. List of main subsidiaries
192
35. Non-controlling interests
193
36. Operating leases
195
37. Commitments and contingencies
195
38. Related parties
196
39. Events after the reporting period
198
40. Basis of measurement
199
41. Significant accounting policies
199
42. Standards issued but not yet effective
214
Company financial statements
215
Company balance sheet
215
Company statement of profit or loss
216
Notes to the company financial statements
217
43. General
217
44. Principles for the measurement of assets and liabilities and the determination of the result
217
45. Investments in subsidiaries
217
46. Receivables from and debts to group companies
217
47. Financial instruments
218
48. Income taxes
218
49. Shareholders' equity
219
      Proposal for profit appropriation
222
50. Provisions
222
51. Net finance result
223
52. Credit facilities
223
53. Commitments and contingencies
223
54. Remuneration of the supervisory board and the executive board
223
Other information
224
Result appropriation scheme under the articles of association
224
Special provision in the articles of association regarding governance
226
Branch offices
227
Independent auditor's report
228
Sustainability assurance report of the independent auditor
241
Overview financial history
246