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BDO in Ukraine: IFRB 2025/02 IASB issues Contracts Referencing Nature-dependent Electricity

21/ 03/ 2025
  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 linkIFRB_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

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 linkIFRB_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:

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

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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