2. Summary of significant accounting policies
The principal accounting policies applied in the preparation of these interim financial statements are set out in the financial statements as of December 31, 2013, which can be found in the Company’s Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission. These policies have been applied to all financial periods presented.
3. Financial assets
The financial assets as of March 31, 2014 primarily consisted of shares of a bond fund (kEUR 20,035) and three customer loans (kEUR 1,514). The shares of the bond fund are measured at fair value, and any gain or loss in the value of such shares is recorded as other comprehensive income on our consolidated statement of comprehensive income (loss).
4. Other assets
The other assets at March 31, 2014 included kEUR 519 of deferred expenditures related to our follow-on public offering which will be offset against the proceeds from the offering completed on April 10, 2014.
5. Property, plant and equipment
| PROPERTY, PLANT AND EQUIPMENT | ||||
| 03/31/2014 | 12/31/2013 | |||
| Thousands of Euros | ||||
| Land, buildings and leasehold improvements | 10,971 | 7,566 | ||
| Plant and machinery (includes assets under finance lease) | 4,860 | 5,158 | ||
| Other facilities, factory and office equipment | 770 | 650 | ||
| Assets under construction | 326 | 2,942 | ||
| Total | 16,927 | 16,316 | ||
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| Leased assets included in Property, Plant and Equipment: | 2,643 | 3,717 | ||
| Printing machines | 2,592 | 3,664 | ||
| Other factory equipment | 51 | 53 |
