Annual Report 2022/2023

Accounting policies

These consolidated financial statements for the financial year from 1 July 2022 to 30 June 2023, including the prior-year information, were prepared in accordance with International Financial Reporting Standards (IFRSs), as adopted in the European Union and in force at the end of the reporting period, and the supplementary provisions of German commercial law required to be observed in accordance with § 315e HGB. The term “IFRS” includes the recent International Financial Reporting Standards (IFRSs) and the International Accounting Standards (IASs) issued by the International Accounting Standards Board (IASB) in London as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and the Standing Interpretations Committee (SIC).

Borussia Dortmund applied the following Standards, Interpretations and amendments to existing Standards, as adopted by the European Union, for the first time in the 2022/2023 financial year:

Standard

 

New and amended Standards and Interpretations

 

Published by IASB

 

Mandatory application (IASB)

 

Effect on Group

 

 

 

 

 

 

 

 

 

IFRS 3

 

Reference to the Conceptual Framework

 

14 May 2020

 

1 January 2022

 

None

IAS 16

 

Property, Plant and Equipment – Proceeds before Intended Use

 

14 May 2020

 

1 January 2022

 

Immaterial

IAS 37

 

Onerous Contracts – Cost of Fulfilling a Contract

 

14 May 2020

 

1 January 2022

 

Immaterial

Improvements to IFRS 2018 – 2020

 

Improvements to IFRS 1, IFRS 9, IFRS 16 and IAS 41

 

1 September 2020

 

1 January 2022

 

Immaterial

Accounting standards issued by the IASB, but not yet applied by the Company:

Standard

 

New and amended Standards and Interpretations

 

Published by IASB

 

Mandatory application (IASB)

 

Expected effect on Group

 

 

 

 

 

 

 

 

 

IFRS 17

 

Insurance Contracts

 

14 May 2017

 

1 January 2023

 

None

IFRS 16*

 

Sale and leaseback transactions

 

22 September 2022

 

1 January 2024

 

Immaterial

IAS 1*

 

Classification of Liabilities as Current or Non-current

 

19 November 2021

 

No earlier than 1 January 2024

 

Immaterial

IAS 1*

 

Current Liabilities with Covenants

 

October 2022

 

1 January 2024

 

Immaterial

IAS 1

 

Amendments regarding disclosure of accounting policies

 

12 February 2021

 

1 January 2023

 

Immaterial

IAS 8

 

Amendments regarding definition of accounting estimates

 

12 February 2021

 

1 January 2023

 

Immaterial

IAS 12

 

Deferred Tax related to Assets and Liabilities arising from a Single Transaction

 

7 May 2021

 

1 January 2023

 

Immaterial

IAS 12*

 

International Tax Reform

 

23 May 2023

 

1 January 2023

 

Immaterial

IFRS 10 and IAS 28*

 

Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

 

11 September 2014/18 December 2014

 

TBA

 

Immaterial

IAS 7 and IFRS 7*

 

Supply Chain Finance

 

25 May 2023

 

1 January 2024

 

Immaterial

*

Standards not yet adopted by the EU

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