The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 2.1 Basis of preparation 2.2 Foreign currency translation 2.3 Revenue recognition 2.4 Group accounting 2.5 Inventories 2.6 Property, plant and equipment 2.7 Intangible assets 2.8 Impairment of non-financial assets 2.9 Fair value estimation of financial assets and liabilities 2.10 Financial assets 2.11 Trade and other payables 2.12 Provisions 2.13 Borrowings 2.14 Leases 2.15 Derivative financial instruments and hedging activities 2.16 Current and deferred income tax 2.17 Cash and cash equivalents 2.18 Share-based payments 2.19 Defined contribution plans 2.20 Employee leave entitlements 2.21 Share capital and treasury shares 2.22 Dividend distribution 2.23 Segment reporting previous 1. General information next 2.1 Basis of preparation