2. Change in accounting methods

2.1 Standards and interpretations applied or amended and adopted by the EU for the first time

Newly applicable amended standards adopted by the EU that take effect ¹⁾ on 1 January 2024 or later:

• IAS 1 (Amendments: Classification of Liabilities as Current or Non-current, Deferral of Effective Date)
• IFRS 16 (Amendments: Lease Liability in a Sale and Leaseback)
• IAS 1 (Amendments: Non-current Liabilities with Covenants)
• IAS 7, IFRS 7 (Amendments: IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures: Supplier Finance Arrangements)

The amended standards do not have a material impact on the Consolidated Financial Statements.

2.2 Standards and interpretations that have not been applied early

In the 2024/25 consolidated financial statements, the following amendments adopted by the EU were not applied early:

Entry into force in the EU on 1 January 2025 or later:

• IAS 21 (Amendments: The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability)
• IFRS 9/IFRS 7 (Amendments: Classification and Measurement of Financial Instruments)
• IFRS 9/IFRS 7 (Amendments: Contracts Referencing Nature-dependent Electricity)
• Annual Improvements Volume 11 (Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10, IAS 7)

The following standards and interpretations, amendments and improvements of standards enter into force on 1 January 2027 or a later date, although they have not yet been adopted by the European Union at this time:

• IFRS 18 (Presentation and Disclosure in Financial Statements)
• IFRS 19 (Subsidiaries without Public Accountability: Disclosures)
• IFRS 19 (Amendments: Subsidiaries without Public Accountability: Disclosures)

These standards are expected to be applied on the effective date promulgated by the EU.

The following standard came into force on 1 January 2016, but was not adopted by the EU:

• IFRS 14 (Regulatory Deferral Accounts)

Application of the following standard was postponed indefinitely:

• IFRS 10 and IAS 28 (Amendments: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture)

The first-time application of these standards is not expected to result in any significant implications for the Consolidated Financial Statements.