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 provided) |
|---|---|
| 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.