Moncler Group | Annual Report 2024 Consolidated Financial Statements 360 Moncler Group | Annual Report 2024 Consolidated Financial Statements 361
2.21 Accounting standards
and recently published interpretations
Accounting standards, amendments and interpretations
effective from 1 January 2024
The adoption of these amendments had no impacts on the Group's
Consolidated Financial Statements.
New standards and interpretations not yet effective
and not early adopted by the Group
At the date when these annual f inancial statements were
prepared, the European Union's competent authorities concluded
t
he approval process needed for the adoption of the accounting
standards and amendments described below. With reference
of the applicable principles, the Group has decided not to exercise
the option of the early adoption, if applicable.
TITLE Issued date Effective date Endorsment date EU regulation and date
of publication
Lease liability
in a sale and leaseback
(Amendments to IFRS 16)
September 2022 1 January 2024 20 November 2023(EU) 2023/2579
21 November 2023
Classif ication of liabilities
as current or non-current
(Amendments to IAS 1)
and Non current liabilities
with covenants
(Amendments to IAS 1)
January 2020
October 2022
1 January 2024 19 December 2023(EU) 2023/2822
20 December 2023
Supplier Finance
Arrangements (Amendments
to IAS 7 and IFRS 7)
May 2023 1 January 2024 15 May 2024(EU) 2024/1317
16 May 2024
TITLE Issued date Effective date Endorsment date EU regulation and date
of publication
Lack of Exchangeability
(Amendment to IAS 21)
August 2023 1 January 2025 12 November 2024(EU) 2024/2862
13 November 2024
We do not expect to see any signif icant ef fects on the Group’s
Consolidated Financial Statements, from adopting
these amendments.
In addition, at the date of these f inancial statements, the
competent bodies of the European Union had not yet
completed their endorsement process for the following
accounting standards and amendments:
The Group will comply with these new standards
and amendments based on their relevant ef fective dates when
endorsed by the European Union and it will evaluate their
potential impacts on the Consolidated Financial Statements.
TITLE Issue date Effective date of IASB document Approval date by EU
STANDARDS
IFRS 14 Regulatory deferral accounts January 2014 1 January 2016 Postponed pending the conclusion
of the IASB project on
“rate-regulated activities”.
IFRS 18 Presentation and disclosure
in f inancial statements
April 2024 1 January 2027 TBD
IFRS 19 Subsidiaries without public
accountability: disclosures
May 2024 1 January 2027 TBD
AMENDMENTS
Sale or contribution of assets between
an investor and its associate or joint
venture (Amendments to IFRS 10 and
IAS 28)
September 2014 Deferred until the completion of the
IASB project on the equity method
Postponed pending the conclusion
of IASB project on the equity method
Amendments to the classif ication and
measurement of f inancial instruments
(Amendments to IFRS 9 and IFRS 7)
May 2024 1 January 2026 TBD
Annual improvements — Volume 11
(Amendments to IAS 7 and IFRS 1, 7,
9, 10)
July 2024 1 January 2026 TBD
Contracts referencing nature-
dependent electricity (Amendments
to IFRS 9 and IFRS 7)
December 2024 1 January 2026 TBD