International accounting standards. To ensure that the earnings figures stated in annual reports are comparable, these must be calculated in accordance with certain accounting standards. ias is applied mainly at an international level.
IFRS
International financial reporting standards, application of which is obligatory for companies in the eu.
INOTEC® binder system
Inorganic, emission-reduced binder system for casting light and non-ferrous metals developed by the Süd-Chemie Group.
Intangible assets
All items not materially, i.e. physically tangible. These include for instance licenses, software, rights, patents and goodwill. Forming part of a company´s non-current assets, they are shown on the asset side of the balance sheet.
Interest rate swap
An agreement between two parties to exchange different, predefined interest payments in one currency within the period fixed under the agreement. No liquid assets are exchanged. The swap partners merely take over each other's interest-payment obligations so that the original repayment and interestpayment obligations to their creditors remain the same for each party.
Isomerization
Selective conversion of one isomer (chemical compound) into another.
