a. New concepts for growth
The way toward enhancing some measure of an undertaking 's prosperity. Business development can be accomplished either by boosting the top line or income of the business with more prominent item deals or administration wage, or by expanding the main issue or gainfulness of the operation by minimizing costs.
An arrangement made by an association to empower headways in innovation or administrations, often by putting …show more content…
Intangible assets; assets that is not physical in nature. Corporate intellectual property including items such as patents, trademarks, copy rights and business methodologies. In Lufthansa account are shown at cost while internal lead to intangible assets from which the group expects to obtain future benefit and which can be measured reliably are capitalised at cost of production and amortised regularly using the straight-line method over a useful life. Reference: Lufthansa Annual Report, page number 124
b. For intangible assets goodwill and subjected to a regular annual impairment test are responsible for estimating the useful lives.
c. Property, plant and equipment, Tangible assets used in business operations for longer than one year are valued at cost less regular straight-line …show more content…
-1 is the accumulated amortization as of 31 December 2015, did the Lufthansa report from the intangible assets. Reference from Lufthansa Annual Report2015, page 141
a. Lufthansa Airlines Board of Directors
The Board of Managing Directors of Deutsche Lufthansa AG oversees the arrangement of these merged money related proclamations. This obligation incorporates that these united monetary proclamations are set up as per International Financial Reporting Standards
The Board of Managing Directors is also dependable for the internal controls as the Board of Managing Directors decides are necessary to empower the arrangement of consolidated financial statements that are free from material misstatement, whether due to extortion or mistakes. Reference from Lufthansa Annual Report2015, page 184
b. Banks/ creditors An foundation authorized by a government to recognize deposits, pay interest, clear checks, make loans, act as an go between in financial transactions, and gives other financial organization to its customers. While creditors are a party to whom cash is