8.7 Changes in material accounting policies
The following new or amended standards and interpretations became effective in 2024:
New or amended standards and interpretations |
|---|
Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)1 |
Classification of Liabilities as Current or Non-current (Amendments to IAS 1)1 |
Non-current Liabilities with Covenants1 |
Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)1 |
1The application of these new or amended provisions had no significant impact on the consolidated financial statements 2024 and the comparative period.
The new or amended standards and interpretations listed below have been issued by the International Accounting Standards Board (IASB), but are not yet effective:
New or amended standards and interpretations | Effective date | Planned application by Rieter |
|---|---|---|
Lack of Exchangeability (Amendments to IAS 21)1 | January 1, 2025 | Financial year 2025 |
Amendments to the Classification and Measurement of Financial Instruments—Amendments to IFRS 9 and IFRS 71 | January 1, 2026 | Financial year 2026 |
Contracts Referencing Nature-dependent Electricity—Amendments to IFRS 9 and IFRS 71 | January 1, 2026 | Financial year 2026 |
Annual Improvements to IFRS Accounting Standards—Volume 111 | January 1, 2026 | Financial year 2026 |
IFRS 19 Subsidiaries without Public Accountability: Disclosures1 | January 1, 2027 | Financial year 2027 |
IFRS 18 Presentation and Disclosure in Financial Statements | January 1, 2027 | Financial year 2027 |
1No impact or no significant impact expected on the consolidated financial statements.
IFRS 18 will have a significant impact on the presentation and disclosure of the consolidated financial statements in 2027 and the comparative period 2026. The impact relates mainly to the structure of the income statement and the disclosure of management performance measures in the financial statements.