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Group Management Report Corporate Governance Environment, Safety, and Corporate Social Responsibility Consolidated Financial Statements 87 New Accounting Pronouncements Endorsed by the EU The following Standards and Interpretations were initially adopted in the financial year 2015: The following Standards and Interpretation were early adopted in the financial year 2015: The following Standards and Interpretations are applicable at the earliest for financial years beginning after December 31, 2015. ALTANA has not early adopted these Standards and Interpretations. Standard / Interpretation Issued by the IASB Effective date¹ Effect on consolidated financial statements IFRIC 21 IFRIC 21 “Levies” May 2013 June 17, 2014 no effect Sundry Annual Improvements to IFRS 2011 to 2013 Cycle Dec. 2013 Jan. 1, 2015 no effect ¹ Effective for reporting periods beginning on or after that date. The effective date is disclosed according to the respective Commission Regulation. Standard / Interpretation Issued by the IASB Effective date¹ Effect on consolidated financial statements IAS 19 Amendments to IAS 19 “Employee Benefits” Nov. 2013 Feb. 1, 2015 not material Sundry Annual Improvements to IFRS 2010 to 2012 Cycle Dec. 2013 Feb. 1, 2015 no effect ¹ Effective for reporting periods beginning on or after that date. The effective date is disclosed according to the respective Commission Regulation. Standard / Interpretation Issued by the IASB Effective date¹ Effect on consolidated financial statements IFRS 11 Amendments to IFRS 11 “Joint Arrangements” – Accounting for Acquisitions of Interests in Joint Operations May 2014 Jan. 1, 2016 no effect IAS 1 Amendments to IAS 1 “Presentation of Financial Statements” Dec. 2014 Jan. 1, 2016 not material IAS 16 IAS 38 Amendments to IAS 16 “Property, Plant and Equipment” and IAS 38 “Intangible Assets” – Clarification of Acceptable Methods of Depreciation and Amortization May 2014 Jan. 1, 2016 no effect IAS 16 IAS 41 IAS 16 “Property, Plant and Equipment” and IAS 41 “Agriculture” – Bearer June 2014 Jan. 1, 2016 not applicable IAS 27 IAS 27 “Separate Financial Statements” – Equity Method in Separate Financial Statements Aug. 2014 Jan. 1, 2016 no effect Sundry Annual Improvements to IFRS 2012 to 2014 Cycle Sep. 2014 Jan. 1, 2016 no effect ¹ Effective for reporting periods beginning on or after that date. The effective date is disclosed according to the respective Commission Regulation.


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