5. Summary of significant accounting policies

The consolidated financial statements have been drawn up on historical cost basis, except from remeasurements of investment property and some financial instruments, which are measured at fair value.

Section contains:

5.1 Changes in accounting policies, accounting estimates and errors

5.2 Consolidation principles

5.3 Recognition of foreign currency transactions and balances and applied exchange rates

5.4 Acquisition method

5.5 Goodwill

5.6 Intangible assets

5.7 Tangible assets

5.8 Impairment of property, plant and equipment and intangible assets

5.9 Acquisition costs and deferred acquisition costs

5.10 Salvages and subrogations in non-life insurance

5.11 Investment property

5.12 Associates and joint ventures

5.13 Financial instruments

5.14 Cash and cash equivalents

5.15 Assets and liabilities held for sale and disposal groups

5.16 Leasing

5.17 Equity

5.18 Insurance contracts

5.19 Provisions for employee benefits

5.20 Other provisions

5.21 Recognition of revenue

5.22 Taxes

5.23 Earnings per share