2.2 Amendments to accounting principles

2.2.1 Amendments implemented in the current financial year

The same accounting and valuation principles as for the consolidated annual financial statements as of 31 March 2020 apply to the presented consolidated semi-annual financial statements.

On 28 May 2020, the International Accounting Standards Board (IASB) published an amendment to IFRS 16 Leases to make it easier for lessees to account for rent concessions related to COVID-19. The simplification only affects the lessee.

Otherwise, no new accounting standards relevant to Züblin came into force in 2020.

2.2.2 Future amendments to accounting policies

Some new or amended IFRS standards and interpretations have been adopted by the IASB, but will only enter into force in a subsequent accounting period. It is not anticipated that these new or amended standards and interpretations will have any material impact on the financial reporting of the Züblin Group. A systematic analysis will be performed later on.