Standard/
Interpretation

Titel

Effective date according to IFRS1

Application at METRO AG from2

Endorsed by EU3

Amend­ments to IFRS 1 

Changes resulting from the annual improvements cycle 2018–2020
(Subsidiary as a First-time Adopter)

1/1/2022

1/10/2022

No

Amend­ments to IFRS 3

Business Combinations (Definition of a Business)

1/1/2020

1/10/2020

Yes

Amend­ments to IFRS 3

Business Combinations (Reference to the Conceptual Framework)

1/1/2022

1/10/2022

No

Amend­ments to IFRS 4

Insurance Contracts (Extension of the Temporary Exemption from Applying IFRS 9)

1/1/2023

1/10/2023

No

Amend­ments to IFRS 9

Changes resulting from the annual improvements cycle 2018–2020
(Fees in the 10 % Test for Derecognition of Financial Liabilities)

1/1/2022

1/10/2022

No

Amend­ments to IFRS 9/IFRS 7/
IAS 39

Financial Instruments (Interest Rate Benchmark Reform – Phase 1)

1/1/2020

1/10/2020

Yes

Amend­ments to IFRS 9/IFRS 7/
IFRS 16/IAS 39

Financial Instruments (Interest Rate Benchmark Reform – Phase 2)

1/1/2021

1/10/2021

No

Amend­ments to IFRS 10/
IAS 28

Consolidated Financial Statements/Investments in Associates and Joint Ventures
(Sale or Contribution of Assets between an Investor and its Associate or Joint Venture)

Unknown4

Unknown4

No

Amend­ments to IFRS 16

Leases (Covid-19-Related Rental Concessions)

1/6/2020

1/10/2019

Yes

IFRS 17

Insurance Contracts – including adopted amendments to the standard

1/1/2023

1/10/2023

No

Amend­ments to IAS 1

Presentation of Financial Statements (Classification of Liabilities as Current or Non-current)

1/1/2023

1/10/2023

No

Amend­ments to IAS 1/IAS 8

Definition of ‘Material’

1/1/2020

1/10/2020

Yes

Amend­ments to IAS 16

Property, Plant and Equipment (Proceeds before Intended Use)

1/1/2022

1/10/2022

No

Amend­ments to IAS 37

Provisions, Contingent Liabilities and Contingent Assets
(Onerous Contracts – Costs of Fulfilling a Contract)

1/1/2022

1/10/2022

No

Amend­ments to IAS 41

Changes resulting from the annual improvements cycle 2018–2020
(Taxation in Fair Value Measurement)

1/1/2022

1/10/2022

No

Changes to the Con­ceptual Frame­work

Conceptual Framework for Financial Reporting
(Amendments to References to the Conceptual Framework in IFRS Standards)

1/1/2020

1/10/2020

Yes

1

Without earlier application (exception: IFRS 16 – Covid-19-Related Rental Concessions).

2

Application as of 1 October due to deviation of financial year from calendar year, if the approval for use (endorsement) has been granted by the EU.

3

As of: Early November 2020.

4

Indefinite deferral of effective date by IASB.