General principles
The group parent company, K+S Aktiengesellschaft (K+S AG), which is registered in Germany, has prepared the consolidated financial statements of the K+S Group as of and for the period ended 31 December 2008 based on the International Financial Reporting Standards (IFRSs) of the International Accounting Standards Board (IASB) as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) in force on the reporting date insofar as those have been recognised by the European Union. In the interests of clearer presentation, the individual captions in the consolidated financial statements are presented in € thousands (T€).
The consolidated financial statements were approved for release by the Board of Executive Directors at its meeting on 25 February 2009 and, after being considered by the audit committee, were presented to the Supervisory Board for approval for its meeting on 11 March 2009.
K+S