Due to the high level of flexibility required in the sector, handling and transport services are not generally ordered or arranged months in advance. Consequently, an order backlog and order trends do not serve as reporting indicators as they do in other industries. Changes to the consolidated group in the 2016 financial year resulted mainly from the addition of foreign companies in the Intermodal segment. This did not have a material effect on the HHLA Group’s revenue and earnings.
The 2016 Consolidated Financial Statements were prepared in accordance with the International Financial Reporting Standards (IFRS) applicable in the European Union, taking into consideration the interpretations of the International Financial Reporting Interpretations Committee (IFRIC).
The Group Management Report was prepared in line with the requirements of German Accounting Standard no. 20 (GAS 20).
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.
International Financial Reporting Standards.