ED/2015/1 – Classification of Liabilities

Linde AG, Klosterhofstraße 1, 80331 München
Telefon [phone], Telefax 089.35757-1075, E-Mail [e-mail]
Sitz der Gesellschaft: München, Registergericht: München, HRB 169850
Aufsichtsrat: Manfred Schneider (Vorsitzender), Vorstand: Wolfgang Büchele (Vorsitzender),
Thomas Blades, Christian Bruch, Georg Denoke, Bernd Eulitz, Sanjiv Lamba
Mr Hans Hoogervorst
Chairman of the
International Accounting Standards Board
30 Cannon Street
London EX4M 6XH
United Kingdom
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June 3, 2015
Re: ED/2015/1 – Classification of Liabilities
Dear Hans,
The Linde Group is a world-leading gases and engineering company with approximately 65.000 employees
working in more than 100 countries worldwide. In the 2014 financial year it achieved sales of EUR 17 billion.
We offer a wide range of compressed and liquefied gases as well as chemicals and we are therefore an
important and reliable partner for a huge variety of industries. Our engineering division is successful
throughout the world, with its focus on promising market segments such as olefin plants, natural gas plants and
air separation plants, as well as hydrogen and synthesis gas plants.
The Linde Group is listed in the leading German share index (DAX) and prepares its consolidated financial
statements in accordance with International Financial Reporting Standards as adopted by the European Union.
The Linde Group welcomes very much to have the possibility to comment on the IASB’s Exposure Draft
ED/2015/1 “Classification of Liabilities – Proposed amendments to IAS 1”. We appreciate the efforts
undertaken by the IASB to continuously improve the IFRS to develop a single set of high quality,
understandable, enforceable and globally accepted financial reporting standards.
If you have any questions or remarks, please do not hesitate to contact us. We would be happy to discuss any of
our comments with you at your convenience.
Yours sincerely,
Bjoern Schneider Dr. Hans-Dieter Fladung
Head of Group Accounting & Reporting Head of IFRS Competence Centre & External
Reporting