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Significant values based on professional judgement and estimates

The preparation of the consolidated financial statements of the Group requires the Management of the parent company to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, with associated notes as well as disclosure of contingent liabilities. Assumptions and estimates made on the basis of them are based on historic experience and the analysis of various factors deemed rational, and their outcome is the basis for a professional judgement about the value of items they refer to. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the assets or liabilities affected in future periods.
In the period covered by these consolidated financial statements no significant changes in methodology of making estimates occurred, which would have impact on the current period or future periods, other than those presented below or further in the text of these consolidated financial statements.


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