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In addition to the above amendments, there has also been a change to IFRS 1, First-time
Adoption of International Financial Reporting Standards.
The entry into force of these amendments did not have any impact for the Group.
Standards and interpretations issued but not yet in force:
At the date of preparation of these consolidated financial statements, the most significant
standards and interpretations that had been published by the IASB but which had not yet
come into force, either because their effective date is subsequent to the date of the
consolidated financial statements or because they had not yet been adopted by the European
Union, were those listed below.
New standards, amendments and interpretations:
Obligatory application
in annual reporting
periods beginning
on or after:
Approved for use in the European Union
Amendments to IAS 19, Defined Benefit Plans:
Employee Contributions (issued in November
2013)
The amendments were issued to allow employee contributions to be
deducted from the service cost in the same period in which they are
paid, provided certain requirements are met.
1 February 2015 (1)
Improvements to IFRSs, 2010-2012 cycle (issued
in December 2013)
Minor amendments to a series of standards.
Amendments to IAS 16 and IAS 38 - Clarification
of Acceptable Methods of Depreciation and
Amortisation (issued in May 2014)
Clarify the acceptable methods of depreciation and amortisation of
property, plant and equipment and intangible assets, which do not
include methods that are based on revenue.
1 January 2016
Amendments to IFRS 11 - Accounting for
Acquisitions of Interests in Joint Operations
(issued in May 2014)
Provide guidance on the accounting for acquisitions of interests in joint
operations in which the activity constitutes a business.
Amendments to IAS 16 and IAS 41 - Bearer
Plants (issued in June 2014)
Bearer plants shall be measured at cost rather than at fair value.
Improvements to IFRSs, 2012-2014 cycle (issued
in September 2014)
Minor amendments to a series of standards.
Amendments to IAS 27, Equity Method in
Separate Financial Statements (issued in August
2014)
The amendments permit the use of the equity method in the separate
financial statements of an investor.
Amendments to IAS 1, Disclosure Initiative
(issued in December 2014)
Various clarifications in relation to disclosures (materiality, aggregation,
order of specific items within the notes to the financial statements, etc.).
Not yet approved for use in the European Union at the date of publication of this document: New standards
IFRS 15, Revenue from Contracts with Customers
(issued in May 2014)
New revenue recognition standard (supersedes IAS 11, IAS 18, IFRIC
13, IFRIC 15, IFRIC 18 and SIC-31).
1 January 2018
IFRS 9, Financial Instruments (last phase issued
in July 2014)
Replaces the requirements in IAS 39 relating to the classification,
measurement, recognition and derecognition of financial assets and
financial liabilities, hedge accounting and impairment.
IFRS 16, Leases (issued in January 2016)
The new standard on leases that replaces IAS 17. A lessee shall
recognise all leases in its balance sheet as if they were financed
purchases.
1 January 2019
Amendments and/or interpretations
Amendments to IFRS 10, IFRS 12 and IAS 28,
Investment Entities (issued in December 2014)
Clarifications on the consolidation exception for investment entities.
1 January 2016
Amendments to IFRS 10 and IAS 28, Sale or
Contribution of Assets between an Investor and
its Associate or Joint Venture (issued in
September 2014)
Clarification in relation to the gain or loss resulting from such
transactions involving a business or assets.
No date has been set
(1)
The IASB established that these amendments and improvements would come into force on or after 1 July 2014.
The directors are assessing the potential impacts of the future application of these standards.
Based on the information available to date, the Group estimates that their entry into force
would not foreseeably have a significant impact on the consolidated financial statements,
except for the following standards: