IFRS and simplified IFRS

Accounting principles are defined under Information and tax - Information and the menu item Client information in the left-hand menu.

IFRS or Simplified IFRS can be selected in What rules are used in the preparation of the annual accounts?.

Reference accounts that are special for companies with IFRS and simplified IFRS

  • 1151 Assets classified as held for sale (IFRS)

  • 1180 Investment properties (IFRS)

  • 1490 Biological assets (IFRS)

  • 3850 Change in value of investment properties (IFRS)

  • 3870 Change in value of biological assets (IFRS)

  • 8880 Change in value adjustment reserve (IFRS)

  • 8881 Actuarial gains and losses on benefit plans (IFRS)

  • 8882 Other income and expenses related to enterprises (IFRS)

  • 8883 Net gain and loss on equity instruments (IFRS)

  • 8884 Change in fair value due to own credit risk (IFRS)

  • 8890 Tax related to items not to be reclassified (IFRS)

  • 8891 Currency translation differences (IFRS)

  • 8892 Change in fair value of the hedging instrument in cash flow hedging (IFRS)

  • 8893 Net gains and losses on financial assets measured at fair value (IFRS)

  • 8894 Net change in hedging costs (IFRS)

  • 8895 Tax related to items that can be reclassified (IFRS)

Reference accounts that are special for companies with full IFRS

  • 2054 Reserved ordinary dividend (IFRS)

  • 2055 Deferred additional dividend (IFRS)

  • 2056 Reserved extraordinary dividend (IFRS)

Dividend

If the company uses simplified IFRS, the dividend function and the accounts used are the same as for NGAAP.

If the company applies full IFRS, dividends are allocated to equity accounts 2054, 2055 and 2056, which then replace accounts 2800, 2801 and 2802,

Group contribution

If the company uses simplified IFRS, the group contribution function and the accounts used are the same as for NGAAP.

If the company applies full IFRS, amounts are recorded in group contributions in the group contribution function, and these are taken into account in the tax calculation, but the group contribution is not accounted for as automatic postings, in contrast to simplified IFRS and NGAAP.

With full IFRS, the group contribution will affect provisions for payable tax, but Period & Year includes the amounts from group contributions as an element under Other temporary differences that affect deferred tax in the function for temporary differences. Should this produce a different result than expected, the amount can be overridden in the function for temporary differences on the separate card Differences affecting deferred tax.

Assets classified as held for sale

Reference account 1151 is used for this type, and this account is shown as a separate group under current assets in the schedule.

Change in value investment properties

Reference account 3850 is used for this type, and this account is shown with operating profit before and after changes in value of investment properties.

Other profit components for IFRS

The reference accounts in the 88 series are used for this:

  • 8880 Change in value adjustment reserve (IFRS)

  • 8881 Actuarial gains and losses on benefit plans (IFRS)

  • 8882 Other income and expenses related to enterprises (IFRS)

  • 8883 Net gain and loss on equity instruments (IFRS)

  • 8884 Change in fair value due to own credit risk (IFRS)

  • 8890 Tax related to items not to be reclassified (IFRS)

  • 8891 Currency translation differences (IFRS)

  • 8892 Change in fair value of the hedging instrument in cash flow hedging (IFRS)

  • 8893 Net gains and losses on financial assets measured at fair value (IFRS)

  • 8894 Net change in hedging costs (IFRS)

  • 8895 Tax related to items that can be reclassified (IFRS)

The desired accounting lines with the desired line text are edited in the layout plan by dividing the accounting line into several accounting lines, where you can edit the texts yourself.

Biological assets

Reference account 1490 is used for this type, and the amount is included in a separate line in temporary differences. Tax values ​​for biological assets are recorded directly in temporary differences by overriding the field for tax value of biological assets.

Change in value of biological assets in the income statement uses reference account 3870.

Last modified September 13, 2024