The Group has applied the standards and amendments stated below for the first time. None of the standards and amendments applied for the first time in the current fiscal year had a material impact on the Consolidated Financial Statements.
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Accounting standards applied for the first time in the current fiscal year |
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| First-time application | Adopted by the EU Commission |
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IFRS pronouncement (published on) | | |
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IAS 21 “The Effects of Changes in Foreign Exchange Rates” – Lack of Exchangeability (August 15, 2023) | January 1, 2026 | Yes |
Standards, amendments and interpretations to existing standards that are not yet effective and have not been applied early by the Group
The IASB has published the following pronouncements, which have not yet come into force. The Group currently assumes that – with the exception of IFRS 18 – these recently implemented accounting pronouncements and pronouncements that have not yet come into force will not have a material impact on NORMA Group’s Consolidated Financial Statements.
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Pronouncements published by the IASB in the current fiscal year |
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| First-time application | Adopted by the EU Commission |
IFRS pronouncement (published on) |
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Annual Improvements to IFRS Accounting Standards — Volume 11 (July 18, 2024) | January 1, 2026 | Yes |
Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7 (December 18, 2024) | January 1, 2026 | Yes |
Amendments to the Classification and Measurement of Financial Instruments – Amendments to IFRS 9 and IFRS 7 (May 30, 2024) | January 1, 2026 | Yes |
IFRS 18 “Presentation and Disclosure in Financial Statements” (April 9, 2024) | January 1, 2027 | Yes |
IFRS 19 “Subsidiaries without Public Accountability: Disclosures” (May 9, 2024) | January 1, 2027 | No |
Amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates” – Translation into a hyperinflationary presentation currency (November 13, 2025) | January 1, 2027 | No |
Amendments to IFRS 19 “Subsidiaries without Public Accountability: Disclosures” (August 9, 2025) | January 1, 2027 | No |
In future, IFRS 18 will mainly affect the presentation of the consolidated income statement and additional disclosures in the notes. The Group is currently examining the effects of the first-time application of IFRS 18 on the Consolidated Financial Statements.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.