SELECTED ACCOUNTING PRINCIPLES
Liabilities
Financial liabilities, including trade liabilities, are initially measured at fair value and subsequently, at amortised cost using the effective interest rate method.
The Group applies simplified methods of valuation of financial liabilities measured at amortized cost if it does not distort information included in the statement of financial position, in particular when the period until settlement of the liability is not long.
Financial liabilities to which the Group applies simplifications are measured at the time of initial recognition and in a later period, including at the end of the reporting period, in the amount due. Other non-financial liabilities are recognized at the amount due.