New standards with an effective date of 1 January 2024 or in the course of 2024 will have no significant impact on the 2024 consolidated financial statements This pertains to the amendments to IAS 1 (classification of liabilities as current or non-current), IAS 7 and IFRS 7 (supplier finance arrangements) and IFRS 16 (lease liability in a sale and leaseback).
New standards and interpretations that have been issued but not yet effective
For the reporting period starting on or after 1 January 2025, the following new standards, amendments and interpretations have been published that have not been applied (early) in the consolidated financial statements for this financial year. After a preliminary evaluation, we anticipate that of these future regulations, only the implementation of IFRS 18 will have a material impact on the Group’s consolidated financial statements, subject to the standard’s approval within the European Union (EU-endorsement). The other future regulations are not expected to have a material impact on the Group’s consolidated financial statements.
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Amendments to IAS 21 Lack of Exchangeability, effective 1 January 2025;
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Amendments to IFRS 9 and IFRS 7 regarding the classification and measurement of financial instruments, effective 1 January 2026;
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The new standard IFRS 18 ‘Presentation and disclosure in financial statements’ will replace IAS 1 ‘Presentation of financial statements’, effective from 1 January 2027. This standard is expected to have a significant impact on the content and structure of the Group’s consolidated financial statements, for instance due to new requirements in the context of the presentation in the statement of financial position and the statement of profit or loss (such as new categories and subtotals), requirements in the context of management-defined performance measures and new guidance for the (dis)aggregation of information; and
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The new IFRS 19 standard ‘Subsidiaries without public accountability: disclosures’, effective from 1 January 2027.
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