Announcement on the adoption of International Financial Reporting Standard (IFRS) 9

 

Announcement on the adoption of International Financial Reporting Standard (IFRS) 9

 

Athens, 12 March 2018

 

As of 1 January 2018, IFRS 9 “Financial Instruments” replaced International Accounting Standard (IAS) 39 “Financial Instruments: Recognition and Measurement”. IFRS 9 introduces new requirements for a) the classification and measurement of financial instruments, b) impairment of financial assets and c) hedge accounting.

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