01 | accounting policies

The company financial statements of USG People N.V. are prepared in accordance with the legal regulations of Part 9, Book 2 of the Dutch Civil Code. In this context the group makes use of the option provided under article 362 section 8 Book 2 of the Dutch Civil Code to apply the same principles of valuation and determination of results in the company financial statements (including the principles for presenting financial instruments as equity or liabilities) as those applied in the consolidated financial statements. A condensed version of the company income statement is presented in accordance with article 402 Part 9 Book 2 of the Dutch Civil Code.

Participating interests in subsidiaries and other associates over which USG People N.V. is able to exercise dominant control or which it manages centrally are presented according to the equity method as set out by the Dutch Accounting Standards Board.