Deutsche Telekom presented the impact of the upcoming accounting changes. According to the company IAS 18 (revenue recognition) and IAS 39 (financial instruments) will be replaced by IFRS 15 (revenue recognition) and IFRS 9 starting on 1 January 2018. No restatements will be made but both standards will have effects on revenue and EBITDA but not on the free cash flow. The first quarter 2018 which will be published in May will be reported under the new standards.
15 Jan 2018
New accounting rules in 2018 with minor impact
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New accounting rules in 2018 with minor impact
Deutsche Telekom AG (DTE:WBO) | 0 0 0.8% | Mkt Cap: 62,447m
- Published:
15 Jan 2018 -
Author:
Heinz Steffen -
Pages:
2
Deutsche Telekom presented the impact of the upcoming accounting changes. According to the company IAS 18 (revenue recognition) and IAS 39 (financial instruments) will be replaced by IFRS 15 (revenue recognition) and IFRS 9 starting on 1 January 2018. No restatements will be made but both standards will have effects on revenue and EBITDA but not on the free cash flow. The first quarter 2018 which will be published in May will be reported under the new standards.