SP Group A/S presents the annual report in accordance with IFRS. See the annual report for 2017, Note 1.
Changes to accounting policies
Effective from 1 January 2017, SP Group A/S has implemented the following new or amended standards and interpretations:
• Amendments to IAS 7 Disclosure Initiative
• Amendments to IAS 12 Recognition of Deferred Tax Assets for Unrealised Losses
• Sections of Annual Improvements to IFRS Cycle 2014–2016
In Annual Improvements to IFRSs 2014-2016, solely the amendment to IFRS 12 Disclosure of Interests in Other Entities clarifying the scope of the disclosure requirements in IFRS 12, which came into force on 1 January 2017. The other sections of Annual Improvements to IFRSs 2014-2016 did not take effect until 1 January 2018. The amendments should be considered very specific amendments with a narrow scope.
As none of the amended standards and interpretations impacted recognition and measurement in 2017, they did not impact the profit/loss for the year or diluted earnings per share either.