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CONTENTS
A. REPRESENTATION OF THE MEMBERS OF THE BOARD OF DIRECTORS...................................................... 23
B. INDEPENDENT AUDITOR’S REPORT. ............................................................................................................ 24
C. ANNUAL BOARD OF DIRECTORS MANAGEMENT REPORT........................................................................... 26
D. STATEMENT OF CORPORATE GOVERNANCE................................................................................................. 48
E. ANNUAL FINANCIAL STATEMENTS. .............................................................................................................. 67
I. Income Statement........................................................................................................................................ 68
II. Statement of Comprehensive Income........................................................................................................ 69
III. Statement of Financial Position................................................................................................................. 70
IV. Statement of changes in Equity (Group).................................................................................................... 71
V. Statement of changes in Equity (Company)................................................................................................ 72
VI. Cash flow statement.................................................................................................................................. 73
1. Information about MYTILINEOS HOLDINGS S.A............................................................................................. 74
1.1 General Information................................................................................................................................. 74
1.2 Nature of activities................................................................................................................................... 74
2. Basis for preparation of the financial statements.......................................................................................... 74
3. Basic accounting principles............................................................................................................................ 75
3.1 New and amended accounting standards and interpretations of IFRIC................................................. 75
3.2 Consolidation............................................................................................................................................ 80
3.3 Segment reporting................................................................................................................................... 81
3.4 Foreign currency translation. .................................................................................................................. 81
3.5 Tangible assets......................................................................................................................................... 82
3.6 Intangible assets...................................................................................................................................... 82
3.7 Impairment of Assets............................................................................................................................... 84
3.8 Important accounting decisions, estimations and assumptions............................................................. 84
3.8.1 Accounting decisions. ...................................................................................................................... 84
3.8.2 Assumptions and estimations. ........................................................................................................ 86
3.9 Group Structure........................................................................................................................................ 91
3.10 Significant information........................................................................................................................... 92
3.11 Financial instruments............................................................................................................................ 94
3.12 Inventories.............................................................................................................................................. 96
3.13 Trade receivables. .................................................................................................................................. 96
3.14 Cash and cash equivalents..................................................................................................................... 96
3.15 Non-current assets classified as Held for sale..................................................................................... 96
