On April 9, 2024, the IASB announced IFRS 18 Presentation and Disclosure in Financial Statements. IFRS 18 replaces IAS 1 Presentation of Financial Statements and is to be applied for the first time for fiscal years beginning on or after January 1, 2027. Early adoption is permitted for EU users as soon as the European Union approves the new standard. The first application must be done retrospectively, meaning comparative periods must be adjusted.

IFRS 18 includes three key points:

📌 Categories and Subtotals: Classification of income and expenses into the categories Operating, Investing, and Financing, and the introduction of subtotals for operating result and result before financing and taxes.
📌 Management Metrics: Disclosures of performance metrics not defined in IFRS (especially a reconciliation from management metrics to IFRS metrics).
📌 Aggregation and Disaggregation: Rules for the summarization and breakdown of financial statement items.

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