Credivalores

Credivalores adopted IFRS for the preparation of its financial statements on December 31, 2015. However, there were some transitional effects of the conversion of the 2014 and 2015 figures into IFRS, that resulted in difficulties to present quarterly results under full IFRS in 2015 and 2016. The first year of full adoption of IFRS for our annual and quarterly financial statements will be 2017, including comparable figures of 2016.

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