17 May 2024
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IFRS technical resources
The IASB published the Exposure Draft, Contracts for Renewable Electricity, Proposed amendments to IFRS 9 and IFRS 7.
The proposed amendments are to the own-use requirements, and hedge accounting requirements, together with related disclosures. This is a narrow scope amendment, and only if contracts for renewable energy meet the specified scoping characteristics will they be in the scope of the amendments. This publication outlines the proposed amendments, together with a summary of the rationale behind the proposals, and considerations for entities when evaluating the amendments during the comment period.
The comment period closes on 7 August 2024.
