IFRS Accounting Standards, interpretations, and amendments issued, but not yet to be applied

Pronouncement

Title

To be applied by Deutsche Telekom from

Changes

Expected impact on the presentation of Deutsche Telekom’s results of operations and financial position

IFRS Accounting Standards endorsed by the EU

Amendments to IAS 21

Lack of Exchangeability

Jan. 1, 2025

The amendments amend IAS 21 to
– specify when a currency is exchangeable into another currency and when it is not;
– specify how an entity determines the exchange rate to apply when a currency is not exchangeable; and
– require the disclosure of additional information when a currency is not exchangeable.

No impact.

IFRS Accounting Standards not yet endorsed by the EU^a

Amendments to IFRS 9 and IFRS 7

Amendments to the Classification and Measurement of Financial Instruments

Jan. 1, 2026

The amendments
– clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;
– clarify the date of recognition and derecognition of certain financial assets and liabilities, with a new option for financial liabilities settled using an electronic payment system;
– add disclosure requirements for investments in equity instruments designated at fair value through other comprehensive income, and for financial instruments with contingent cash flows (including those with environmental, social, and governance (ESG)-linked features).

No material impact.

Amendments to IFRS 9 and IFRS 7

Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity

Jan. 1, 2026

The amendments and clarifications relate to the accounting of nature-dependent electricity contracts, structured as power purchase agreements, and include:
– clarifying the application of the ‘own-use’ requirements (own-use exemption);
– applying hedge accounting if these contracts are used as hedging instruments; and
– adding new disclosure requirements to disclose the effects of these contracts on the Company’s financial performance and future cash flows.

The amendments enable Deutsche Telekom to considerably increase the share of its long-term power purchase agreements from renewable energy sources in line with the Group’s sustainability-related goals, while significantly avoiding potential volatility in the income statement in the future.

Annual Improvements to IFRS Accounting Standards

Annual Improvements to IFRS Accounting Standards – Volume 11

Jan. 1, 2026

The amendments relate to the following standards/topics:
– IFRS 1: Hedge accounting by a first-time adopter
– IFRS 7: Gain or loss on derecognition
– IFRS 7: Credit risk disclosures
– IFRS 7: Disclosure of deferred difference between fair value and transaction price
– IFRS 9: Transaction price
– IFRS 9: Derecognition of lease liabilities
– IFRS 10: Determination of a ‘de facto agent’
– IAS 7: Cost method

No material impact.

IFRS 18

Presentation and Disclosure in Financial Statements

Jan. 1, 2027

IFRS 18 replaces the previous standard IAS 1 Presentation of Financial Statements.
The main changes arising from IFRS 18 are as follows:
– Improvement in the structure and comparability of the statement of profit or loss (income statement) by introducing mandatory subtotals (such as “operating profit/loss before financing and income taxes”) and categories (including “operating,” “investing,” and “financing”);
– Disclosures on entity-specific performance indicators that an entity uses in public communications to communicate management’s view of an aspect of the financial performance of the entity as a whole (“management-defined performance measures”);
– Introduction of additional principles for the aggregation and disaggregation of line items;
– Narrow-scope amendments to the statement of cash flows aimed at standardizing the presentation in the statement of cash flows, particularly by eliminating certain presentation options.

Deutsche Telekom expects that the application of IFRS 18 will have a material impact on the consolidated financial statements, particularly on the presentation in the consolidated income statement.
The detailed effects are being analyzed as part of a Group-wide project for implementing the new standard.

IFRS 19

Subsidiaries without Public Accountability: Disclosures

Jan. 1, 2027

IFRS 19 permits certain subsidiaries to use IFRS Accounting Standards with reduced disclosures in their separate IFRS financial statements or subgroup financial statements.

No impact.

^a	For standards not yet endorsed by the EU, the date of first-time adoption scheduled by the IASB is assumed for the time being as the likely date of first-time adoption.

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IFRS Accounting Standards, interpretations, and amendments issued, but not yet to be applied