Accounting principles |
6 Months Ended |
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Jun. 30, 2025 | |
| Accounting Principles [Abstract] | |
| Accounting principles | Accounting principles The Group's accounting policies are the same as those described in the annual consolidated financial statements of the Group as of December 31, 2024 accompanying the Annual Report. Use of judgments and estimates In preparing these unaudited condensed consolidated financial statements, management has made judgments and estimates that affect the application of the Group’s accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual values may differ from estimated values. The significant judgments made by management in the application of the Group’s accounting policies and the key sources of estimation uncertainty are the same as those described in the annual consolidated financial statements of the Group as of December 31, 2024 accompanying the Annual Report. Measurement of fair values A number of the Group’s accounting policies require the measurement of fair values, for both financial and non-financial assets and liabilities. When measuring the fair value of an asset or a liability, the Group uses market observable data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows. •Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. •Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., prices) or indirectly (i.e., derived from prices). •Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). Seasonality of operations The Group’s operations are not subject to significant seasonality.
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