EFRAG Endorsement Advice on Contracts Referencing Nature-dependent Electricity – Amendments to IFRS 9 and IFRS 7
EFRAG has published its Endorsement Advice Letter to the European Commission regarding the IASB’s Amendments to IFRS 9 and IFRS 7 on Contracts Referencing Nature-dependent Electricity.
The IASB issued these Amendments on December 18, 2024, following their initial exposure draft (ED/2024/3) published in May 2024.
The Amendments aim to improve the financial reporting of physical and virtual contracts tied to nature-dependent electricity through narrow-scope updates to:
- The Own-use Assessment
- Hedge Accounting Requirements
- Disclosure Requirements
For more information [here]
The IASB issued these Amendments on December 18, 2024, following their initial exposure draft (ED/2024/3) published in May 2024.
The Amendments aim to improve the financial reporting of physical and virtual contracts tied to nature-dependent electricity through narrow-scope updates to:
- The Own-use Assessment
- Hedge Accounting Requirements
- Disclosure Requirements
For more information [here]
Duis volutpatmi id cursus...
Nulla sagittis vel ante sit amet tempor. In sit amet neque non tellus interdum tincidunt eget eu odio. Nulla sagittis vel ante sit amet tempor. In sit amet neque non tellus interdum tincidunt eget eu odio.
