BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund NOTES to the consolidated financial statements of Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund, for the financial year from 1 July 2020 to 30 June 2021 (hereinafter "Borussia Dortmund" or "Borussia Dortmund GmbH & Co. KGaA") BASIC PRINCIPLES General disclosures Borussia Dortmund GmbH & Co. KGaA (hereinafter commercial law required to be observed in also "Borussia Dortmund" or the "Group") has its accordance with § 315e (1) HGB. The term "IFRS" registered office at Rheinlanddamm 207 – 209, 44137 includes the recent International Financial Dortmund, Germany, and is listed in the commercial Reporting Standards (IFRSs) and the International register of the Local Court (Amtsgericht) of Dortmund Accounting Standards (IASs) issued by the under the number HRB 14217. Borussia Dortmund's International Accounting Standards Board (IASB) in professional squad has competed in the Bundesliga's London as well as the interpretations of the first division for more than four decades. Borussia International Financial Reporting Interpretations Dortmund also operates Group companies that sell Committee (IFRIC) and the Standing Interpretations merchandise, organise and host match-day and Committee (SIC). non-match-day events, and provide Internet and travel services. Borussia Dortmund also holds an Borussia Dortmund applied the following Standards, interest in a medical rehabilitation centre. Interpretations and amendments to existing The general partner, BVB Geschäftsführungs-GmbH, Standards, as adopted by the European Union, for Dortmund, is responsible for management and the first time in the 2020/2021 financial year: representation of Borussia Dortmund GmbH & Co. KGaA. Borussia Dortmund Geschäftsführungs-GmbH Amendments to References is for its part represented by Managing Directors to the Conceptual Framework Hans-Joachim Watzke (Chairman), Thomas Treß and in IFRS Standards Carsten Cramer; its sole shareholder is Ballspielverein The revised Conceptual Framework comprises a new, Borussia 09 e.V. Dortmund. overarching section entitled "Status and purpose of the conceptual framework" and eight distinct The consolidated financial statements are presented chapters. The Framework now includes chapters in thousands of euros. relating to "The reporting entity" and "Presentation The subtotals contained in the consolidated and disclosure"; the "Recognition" chapter has been statement of comprehensive income for the result expanded to include "Derecognition". from operating activities (EBIT) and the financial Substantive amendments were also made: for result are used to provide detailed information. instance, the distinction between revenues on the one hand and gains on the other is no longer drawn By a resolution dated 9 August 2021, the consolidated for income. financial statements and the Group management As part of the amendments to the Conceptual report were authorised by the Company's Framework, references to the Conceptual Framework management for submission to the Supervisory Board. in various standards have been amended. The amendments did not have any material impact on Accounting policies the consolidated financial statements of Borussia These consolidated financial statements for the Dortmund. financial year from 1 July 2020 to 30 June 2021, including the prior-year information, were prepared Amendments to IFRS 3 – Definition of in accordance with International Financial Reporting a Business Standards (IFRSs), as adopted in the European The IASB's amendment clarifies that a business Union and in force at the end of the reporting period, comprises a set of activities and assets which must and the supplementary provisions of German include, at a minimum, an input and a substantive 180