BDO has published IFR Bulletin 2025/02 IASB issues Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 and IFRS 7).
The International Accounting Standards Board (IASB) issued Contracts Referencing Nature-dependent Electricity in December 2024. The amendments clarify the own-use requirements in IFRS 9 with respect to contracts referencing nature-dependent electricity (CRNEs). The amendments permit an entity to designate a variable nominal volume of electricity as a hedged item, facilitating application of hedge accounting to CRNEs.
The IFR Bulletin provides a background of the issues that led to the amendments, a summary of the amendments and comments on certain implications of the amendments.
The International Financial Reporting Bulletin 2025/02 can be downloaded from the following link IFRB_2025_02_Final.pdf
The team of BDO in Ukraine offers guidance on the implementation of International Financial Reporting Standards.
We are ready to provide all the necessary expertise and assistance in the following areas:
- Transition to accounting in accordance with IFRS
- Transformation of financial statements under IFRS
- IFRS consulting
- Automation of accounting under IFRS
- Development of IFRS accounting policies
If you have any questions on this interesting and relevant topic, we will be happy to provide you with comprehensive solutions based on our experience, including in this specialised area.
For IFRS advisory and support services, please contact BDO in Ukraine.
Source: BDO Global.
