Initial application of IFRS Accounting Standards, interpretations, and amendments in the financial year
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Pronouncement |
Title |
To be applied by Deutsche Telekom from |
Changes |
Impact on the presentation of Deutsche Telekom’s results of operations and financial position |
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IFRS Accounting Standards endorsed by the EU |
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Amendments to IFRS 16 |
Lease Liability in a Sale and Leaseback |
Jan. 1, 2024 |
The amendments require a seller-lessee, when subsequently measuring lease liabilities arising from sale-and-leaseback transactions, to determine “lease payments” and “revised lease payments” in a way that it does not recognize any amount of the gain or loss that relates to the right of use it retains. The amendments can particularly affect sale-and-leaseback transactions which include variable lease payments that do not depend on an index or interest rate. |
No material impact. |
Amendments to IAS 1 |
Classification of Liabilities as Current or Non-current |
Jan. 1, 2024 |
The amendments clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period. The amendments also specify the definition of settlement of a liability. |
No material impact. |
Amendments to IAS 1 |
Non-current Liabilities with Covenants |
Jan. 1, 2024 |
The amendments clarify that covenants in loan agreements with which an entity is required to comply only after the reporting date do not affect the classification of a liability on the reporting date as current or non-current. By contrast, covenants with which an entity must comply on or before the reporting date affect the classification. |
No material impact. |
Amendments to IAS 7 and IFRS 7 |
Supplier Finance Arrangements |
Jan. 1, 2024 |
The subject of the amendments is supplier finance arrangements, especially reverse factoring arrangements. The amendments created additional disclosure requirements in accordance with IAS 7 and IFRS 7 to increase transparency about the impact that supply finance arrangements have on an entity’s liabilities, cash flows, and liquidity risk. |
No material impact. |