Vesteda Annual Report 2025

33. New and amended standards and interpretations

New and amended IFRS standards that are effective for the current year

In the current year, Vesteda has applied an amendment to IFRS Standards and Interpretations issued by the International Accounting Standards Board (IASB) – and endorsed by the European Union – that are effective for an annual period that begins on or after 1 January 2025. Vesteda did not adopt any new or amended standards issued but not yet effective.

  • Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability [effective as per 01-01-2025].

The impact of this standard had no material impact on the amounts reported.

New and revised IFRS Standards in issue but not yet effective

At the date of authorization of these financial statements, Vesteda has not applied the following new and revised IFRS Standards that have been issued but are not yet effective and (in some cases) had not yet been adopted by the EU.

  • IFRS 18 Presentation and Disclosure in Financial Statements [effective as per 01-01-2027];

  • IFRS 19 and Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures [not yet adopted by EU];

  • Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7) [effective as per 01-01-2026];

  • Annual Improvements Volume 11 [effective as per 01-01-2026];

  • Contracts Referencing Nature-dependent Electricity Amendments to IFRS 9 and IFRS 7 [effective as per 01-01-2026];

  • Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency [not yet adopted by EU].

Other than the implementation of IFRS 18, Vesteda does not expect that the adoption of the other Standards listed above will have a material impact on its financial statements of the Group in future periods.

IFRS 18 introduces a more prescriptive structure for the statement of profit or loss, including required subtotals and the classification of all income and expenses into five categories: operating, investing, financing, income taxes and discontinued operations (with the first three newly defined). It also mandates disclosure of management-defined performance measures and adds new rules on how information is aggregated and disaggregated, aligned to the roles of the primary financial statements and the notes.

Narrow-scope amendments to IAS 7 change the starting point for the indirect cash flow statement from ‘profit or loss’ to ‘operating profit or loss’ and remove the policy choice for classifying dividends and interest cash flows. Related consequential amendments have been made to other standards.

IFRS 18 and the related amendments are effective for reporting periods beginning on or after 1 January 2027. Early adoption is permitted and must be disclosed. IFRS 18 applies retrospectively.

Vesteda is assessing the impacts on the primary statements and notes and has tentatively identified its main business activity under IFRS 18 as investing in real estate assets. While there will be no impact on net profit, some presentation changes are expected.