4.3. New standards, interpretations and amendments to published standards that have been published by the International Accounting Standards Board (IASB) and not yet approved by the European Union
[Financial notes are presented in PLN thousand]
| STANDARD/ INTERPRETATION | DESCRIPTION | IMPACT ASSESSMENT |
|---|---|---|
| IAS 1 (amendment) ‘Presentation of financial statements’ | The amendments affect requirements in IAS 1 for the presentation of liabilities. In particular, these amendments clarify that the classification of liabilities as current or non-current is only affected by covenants with which an entity is required to comply on or before the reporting date. In addition, an entity has to disclose information in the notes that enables users of financial statements to understand the risk that non- current liabilities with covenants could become repayable within twelve months.
Date of application: annual periods beginning on or after 1 January 2024. |
The Group claims that the standard’s amendments will not have a material impact on the financial statements in the period of its first application. |
|
IFRS 16 (amendment) ‘Leases’ |
The amendments to IFRS 16 specifies the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognise any amount of the gain or loss that relates to the right of use it retain. A sale and leaseback transaction involves the transfer of an asset by an entity (the seller-lessee) to another entity (the buyer-lessor) and the leaseback of the same asset by the seller-lessee.
Date of application: annual periods beginning on or after 1 January 2024. |
The Group claims that the standard’s amendments will not have a material impact on the financial statements in the period of its first application. |