IFRS

The financial statements for 2010 and comparative figures have been prepared and presented in compliance with the International Financial Reporting Standards (IFRS), as adopted by the EU. The Navamedic Group reported in accordance with IFRS for the first time in 2006.

International Financial Reporting Standards (IFRS) is an accepted international standard for accounting for listed companies. IFRS are principles-based Standards, Interpretations and the Framework adopted by the International Accounting Standards Board (IASB).