9.1 Application of amendments to standards

According to the Management Board, the following standards and changes to standards have not materially affected the accounting policy applied so far:

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Standard Effective date in the EU (annual
periods beginning on or after the date
Revised IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting
Estimates and Errors: Definition of Material
1 January 2020
Amendments to References to the Conceptual Framework in IFRS 1 January 2020
Amendments to IFRS 16 Leasing 1 January 2020
Amendments to IFRS 9 Financial Instruments, IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures: Interest Rate Benchmark Reform 1 January 2020

On 1 January 2020, amendments to IFRS 3 Business Combinations entered into force. The most significant changes introduced in the aforementioned standard include the clarification of the definition of a business. The amendments apply progressively to reporting periods beginning on or after 1 January 2020. The Group judges that the amendments may have an impact on possible future transactions covered by IFRS 3 Business Combinations related to the acquisition of businesses.