11
The entry into force of these amendments did not have any impact on the consolidated
financial statements.
IFRS13, Fair ValueMeasurement
The purpose of this IFRS is to set out in a single standard a framework for measuring the
fair value of assets or liabilities when other standards require that the fair value
measurement model be used. IFRS 13 changes the current definition of fair value and
introduces new factors to be taken into account; it also extends the disclosure
requirements in this area.
The Group has analysed the impacts of the new definition of fair value mainly on financial
assets and liabilities relating to derivatives and, although it did not observe any significant
changes in the assumptions, methods and calculations used to date, the disclosures have
been adapted to the requirements of this standard. The effect of applying this standard
was EUR 688 thousand.
Amendments to IAS1, Presentationof Items of Other Comprehensive Income
These amendments introduce small changes to IAS 1, Presentation of Financial
Statements, in relation to the items presented in “Other Comprehensive Income”,
distinguishing between items that will be reclassified to profit or loss in subsequent periods
and items that will not be reclassified subsequently.
The Group has adopted these amendments in these consolidated financial statements.
Amendments to IAS19, EmployeeBenefits
The main change introduced by these amendments to IAS 19 will affect the accounting
treatment of defined benefit plans since it eliminates the “corridor” under which companies
are currently permitted to opt for deferred recognition of a given portion of actuarial gains
and losses. When the amendments come into effect, all actuarial gains and lossesmust be
recognised immediately in other comprehensive income. The amendments also include
changes in the presentation of cost components in the statement of comprehensive
income, whichwill be aggregated and presented in a different way.
The entry into force of these amendments did not have any impact for the Group.
Amendments to IFRS 7, Financial Instruments: Disclosures - Offsetting Financial
Assets and Financial Liabilities
The parallel amendments to IFRS 7 introduce a specific section of new disclosures required
for all recognised financial assets and financial liabilities that are set off; these disclosures
also apply to recognised financial instruments that are subject to an enforceable master
netting arrangement or similar agreement, irrespective of whether they are set off in
accordancewith IAS 32.
The entry into force did not have any impact on the consolidated financial statements.
