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General

The unaudited interim consolidated financial statements as of 30 June 2021 were prepared in accordance with the International Accounting Standard (IAS) 34, “Interim Financial Reporting”. The same accounting policies were applied as in the 2020 Annual Report and the adjustments introduced since 1 January 2021, as listed in the Accounting section, were also taken into consideration. The interim consolidated financial statements were approved by the Board of Directors of TX Group AG on 25 August 2021.

The accounting requires estimates and assumptions from the Group Management and the Board of Directors, which influence the reported assets and liabilities as well as contingent liabilities but also expenses and revenues during the reporting period. These estimates and assumptions take account of past experience as well as changes in the economic situation and are mentioned where relevant. As they are subject to risks and uncertainties, the actual results may differ from these estimates.

In particular, the estimates and assumptions applied to the areas listed below had a material impact on the consolidated financial statements in the reporting period.

  • Capitalisation of loss carryforwards

  • Impairment testing for goodwill and intangible assets with an indefinite useful life

  • Assessment of financial risks

As in the same period of the previous year, there were no discontinued operations as of 30 June 2021.