EURONEXT_Registration_Document_2017
FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
IFRIC Interpretation 23, “Uncertainty over Income Tax Treatment” The Interpretation addresses the accounting for income taxes when tax treatments involve uncertainty that affects the application of IAS 12 and does not apply to taxes or levies outside the scope of IAS 12, nor does it specifically include requirements relating to interest and penalties associated with uncertain tax treatments. The Interpretation specifically addresses the following: whether an entity considers uncertain tax treatments separately; the assumptions an entity makes about the examination of tax treatments by taxation authorities; how an entity determines taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates; how an entity considers changes in facts and circumstances. An entity must determine whether to consider each uncertain tax treatment separately or together with one or more other uncertain tax treatments. The approach that better predicts the resolution of the uncertainty should be followed. The interpretation is effective for annual reporting periods beginning on or after 1 January 2019, but certain transition reliefs are available. The Group will apply interpretation from its effective date. Since the Group operates in a multinational tax environment, applying the Interpretationmay affect its Consolidated Financial Statements and the required disclosures. In 2018, the Group will further assess the potential impact of this IFRIC interpretation. The amendments enable companies to measure at amortised cost some pre-payable financial assets with negative compensation. The assets affected, that include some loans and debt securities, would otherwise have been measured at fair value through profit or loss (“FVTPL”). In addition, the amendments address on how to account for the modification of a financial liability. The amendment confirms that most of such modifications will result in immediate recognition of a gain or loss. The amendments are effective for annual periods beginning on or after 1 January 2019. The Group will apply the amendments when they become effective. In 2018, the Group will further assess the potential impact of these amendments. The amendments clarify that an entity should apply IFRS 9 to long- term interests in an associate or joint venture to which it does not apply the equity method. This includes long-term interests that, in substance, form part of the entity’s net investment in an associate or joint venture. The amendments are effective for annual periods beginning on or after 1 January 2019. The Group will apply the amendments when they become effective. In 2018, the Group will further assess the potential impact of these amendments. Amendments to IFRS 9, “Prepayment Features with Negative Compensation” Amendments to IAS 28, “Long-term Interests in Associates and Joint Ventures”
Annual Improvements 2015-2017 Cycle (issued in December 2017) These improvements include: IFRS 3 Business Combinations and IFRS 11 Joint Arrangements, “Previously held interest in a joint operation” The amendments to IFRS 3 clarify that when an entity obtains control of a business that is a joint operation, it re-measures previously held interests in that business. The amendments to IFRS 11 clarify that when an entity obtains joint control of a business that is a joint operation, the entity does not re-measure previously held interests in that business. IAS 12 Income Taxes, “Income tax consequences of payments on financial instruments classified as equity” The amendments clarify that all income tax consequences of dividends (i.e. distribution of profits) should be recognised in profit or loss, regardless of how the tax arises. IAS 23 Borrowing Costs, “Borrowing costs eligible for capitalization” The amendments clarify that if any specific borrowing remains outstanding after the related asset is ready for its intended use or sale, that borrowing becomes part of the funds that an entity borrows generally when calculating the capitalisation rate on general borrowings. The amendments must be applied for annual reporting periods beginning on or after 1 January 2019. The Group will apply the amendments when they become effective. In 2018, the Group will further assess the potential impact of these amendments. The amendments address if a plan amendment, curtailment or settlement occurs, it is nowmandatory that the current service cost and the net interest for the period after the re-measurement are determined using the assumptions used for the re-measurement. In addition, amendments have been included to clarify the effect of a plan amendment, curtailment or settlement on the requirements regarding the asset ceiling. The amendments must be applied to plan amendments, curtailments or settlements occurring on or after the beginning of the first annual reporting period that begins on or after 1 January 2019. The Group will apply the amendments when they become effective. In 2018, the Group will further assess the potential impact of these amendments. There are no other IFRS’s or IFRIC interpretations not yet effective, that would be expected to have a material impact on the Group in the current or future reporting periods and on foreseeable future transactions. Amendments to IAS 19, “Plan Amendment, Curtailment or Settlement”
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2017 REGISTRATION DOCUMENT
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