Accounting policies
These consolidated financial statements for the financial year from 1 July 2023 to 30 June 2024, 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 2023/2024 financial year:
Standard |
|
New and amended Standards and Interpretations |
|
Published by IASB |
|
Mandatory application (IASB) |
|
Effect on Group |
|---|---|---|---|---|---|---|---|---|
|
|
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|
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IFRS 17 |
|
Insurance Contracts |
|
14 May 2017 |
|
1 January 2023 |
|
None |
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 Taxes 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 |
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) |
|
Effect on Group |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
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IFRS 10 and IAS 28* |
|
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture |
|
11 September 2014/ |
|
TBA |
|
Immaterial |
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IAS 1 |
|
Classification of Liabilities as Current or Non-current |
|
19 November 2021 |
|
1 January 2024 |
|
Immaterial |
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IFRS 16 |
|
Sale and Leaseback Transactions |
|
22 September 2022 |
|
1 January 2024 |
|
Immaterial |
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IAS 1 |
|
Current Liabilities with Covenants |
|
October 2022 |
|
1 January 2024 |
|
Immaterial |
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IAS 7 and IFRS 7 |
|
Supply Chain Finance |
|
25 May 2023 |
|
1 January 2024 |
|
Immaterial |
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IAS 21* |
|
Lack of Exchangeability |
|
15 August 2023 |
|
1 January 2025 |
|
Immaterial |
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IFRS 18* |
|
Presentation and Disclosure in Financial Statements |
|
9 April 2024 |
|
1 January 2027 |
|
The effects are still being examined. |
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IFRS 19* |
|
Subsidiaries without Public Accountability: Disclosures |
|
9 May 2024 |
|
1 January 2027 |
|
None |
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IFRS 9 and IFRS 7* |
|
Amendments to the Classification and Measurement of Financial Instruments |
|
30 May 2024 |
|
1 January 2026 |
|
Immaterial |
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|
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