General

The unaudited interim consolidated financial statements as of 30 June 2022 were prepared in accordance with the International Accounting Standard (IAS) 34, “Interim Financial Reporting”. The same accounting policies were applied as in the 2021 Annual Report and the adjustments introduced since 1 January 2022, 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 24 August 2022.

The preparation of the interim consolidated financial statements requires that Group Management and the Board of Directors make estimates and assumptions that impact the amounts of the assets and liabilities and contingent liabilities, as well as the expenditures and income disclosed in the interim consolidated financial statements for 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 interim 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