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

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 the date of derecognition of financial liabilities settled using an electronic payment system; and
• 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).

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.

Annual Improvements to IFRS Accounting Standards – Volume 11

Jan. 1, 2026

These amendments entail minimal adjustments to and clarifications of the wording of the following standards: IFRS 1, IFRS 7, IFRS 9, IFRS 10, and IAS 7.

Presentation and Disclosure in Financial Statements

Jan. 1, 2027

IFRS 18 replaces 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.

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.

Amendments to IFRS 19: Subsidiaries without Public Accountability: Disclosures

Jan. 1, 2027

In developing the reduced disclosure requirements in IFRS 19, the IASB considered the disclosure requirements in the IFRS Accounting Standards issued up to February 2021. The newly issued Amendments to IFRS 19 help subsidiaries by reducing disclosure requirements for new and amended IFRS Accounting Standards.

Amendments to IAS 21 Translation to a Hyperinflationary Presentation Currency

Jan. 1, 2027

The amendments clarify how companies should translate financial statements from a non-hyperinflationary functional currency into a hyperinflationary presentation currency.