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Accounting

The TX Group applied the following new and revised standards and interpretations for the first time in the financial statements for 2021.

  • IAS 39/IFRS 9/IFRS 7, “Interest Rate Benchmark Reform” (amendment to IAS 39 “Financial Instruments: Recognition and Measurement”, IFRS 9, “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures”) – 2021

  • “Leases” (extension of practical expedient for rent concessions) – 2021

Their first-time application did not lead to any material changes in the consolidation and measurement principles or in the assets or income situation.