2. Basis of measurement and presentation
- 1 1. Basis of preparation
- 2 2. Basis of measurement and presentation
- 3 3. Principles of consolidation
- 4 4. Foreign currencies
- 5 5. Government grants
The consolidated financial statements are presented in millions of euros, which is also the functional currency of the parent company.
The preparation of the financial statements requires the use of estimates and assumptions that have an impact on the application of accounting policies and the measurement of amounts recognized in the financial statements. The areas for which the estimates and assumptions are material with respect to the consolidated financial statements are presented in the section Critical accounting judgments and key sources of estimation uncertainty.