The consolidated financial statements of Deutsche Lufthansa AG and its subsidiaries have been prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB), taking account of interpretations by the International Financial Reporting Interpretations Committee (IFRIC) as applicable in the European Union (EU). IFRIC 11 “IFRS 2 – Group and Treasury Share Transactions” and IFRIC 12 “Service Concession Arrangements” were not applicable in 2008 as they were not relevant for the net assets, financial and earnings position of the Lufthansa Group. IFRIC 12 has also not yet been adopted by the European Commission for application in the EU. IFRIC 14 “IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interactions” was voluntarily taken into account in 2008 in accordance with the IFRS applicable in the EU. IFRIC 14 had no material effect on the net assets, financial and earnings position of the Lufthansa Group. All figures can therefore be compared with those for the previous year.
The commercial law provisions of Sec. 315a Para. 1 of the German Commercial Code (HGB) have also been applied. All IFRS issued by the IASB and in effect at the time these financial statements were prepared and applied by Deutsche Lufthansa AG have been adopted by the European Union for application in the EU. The consolidated financial statements of Deutsche Lufthansa AG, denominated in EUR million, comply with the IFRS as applicable in the EU and with the further commercial law provisions of Sec. 315a Para. 1 HGB and with the IFRS in general.
These consolidated financial statements for 2008 are to be examined and approved by the Supervisory Board of Deutsche Lufthansa AG in its meeting on 10 March 2009, and are then authorised for publication.