(fra kommisjonsforordningen)

(1) By Commission Regulation (EU) 2023/1803 (2) certain international accounting standards and interpretations that were in existence until 8 September 2022 were adopted.

(2) On 18 December 2024, the International Accounting Standards Board (‘IASB’) issued amendments to International Financial Reporting Standard 9 Financial Instruments (‘IFRS 9’) and International Financial Reporting Standard 7 Financial Instruments: Disclosures (‘IFRS 7’) to help companies better report the financial effects of nature-dependent electricity contracts, which are often structured as power purchase agreements.

(3) The amendments address how the ‘own-use’ requirements would apply, permit hedge accounting if those contracts are used as hedging instruments, and add disclosure requirements to enable investors to understand the effects of those contracts on a company’s financial performance and future cash flows.

(4) Following a consultation with the European financial reporting advisory group EFRAG, the Commission has concluded that the amendments to IFRS 9 and IFRS 7 meet the conditions for adoption set out in Article 3(2) of Regulation (EC) No 1606/2002.

(5) Regulation (EU) 2023/1803 should therefore be amended accordingly.

(6) The measures provided for in this Regulation are in accordance with the opinion of the Accounting Regulatory Committee,