Changes in accounting policies
New and revised standards and interpretations that are effective for the 2025 financial year
The IASB has made the following amendments to the existing IFRS and passed several new IFRS and IFRIC, which have also been adopted by the European Commission. Application thus became mandatory on 1 January 2025.
Application for financial years which begin on or after (according to IASB) | Application for financial years which begin on or after (according to EU endorsement) | |
Amendments to IAS 21 – Lack of Exchangeability | 1.1.2025 | 1.1.2025 |
The first-time adoption of the IFRS standards had minor impact on the consolidated financial statements as at 31 December 2025.
Future changes of financial reporting standards
The IASB and the IFRIC approved further standards and interpretations. However, these were neither required to be applied in the 2025 financial year nor adopted by the European Commission. The amendments affect the following standards and interpretations:
Application for financial years which begin on or after (according to IASB) | Application for financial years which begin on or after (according to EU endorsement) | Impact on the consolidated financial statements | |
Annual Improvements Volume 11 | 1.1.2026 | 1.1.2026 | minor |
Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments | 1.1.2026 | 1.1.2026 | minor |
Amendments to IFRS 9 and IFRS 7 – Contracts Referencing Nature-dependent Electricity | 1.1.2026 | 1.1.2026 | is being analysed |
IFRS 18 Presentation and Disclosure in Financial Statements | 1.1.2027 | 1.1.2027 | is being analysed |
IFRS 19 Subsidiaries without Public Accountability: Disclosure | 1.1.2027 | n. a.1 | not applicable |
Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures | 1.1.2027 | n. a.1 | not applicable |
Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates – Translation to a Hyperinflationary Presentation Currency | 1.1.2027 | n. a.1 | minor |
1n. a. – endorsement process is still in progress
STRABAG currently has no significant power purchase agreements under IFRS 9 for nature-dependent electricity. In view of the sustainability targets and Strategy 2030, however, it can be assumed that such agreements may be concluded in the future. Any such contracts would then have to be assessed on a case-by-case basis.
STRABAG will be affected by IFRS 18 with regard to the presentation of the income statement and the statement of cash flows. The key change relates to the presentation of earnings from equity-accounted investments, including the earnings from construction consortia, which may no longer be recognised as part of operating income but must be presented in the investing category. Consequently, the earnings from equity-accounted investments and the income from investments will be presented after operating income. As these figures are, however, a material component of the operating business, a management-defined performance measure (MPM) will be introduced in the consolidated income statement, consisting of the sum of operating income and income from investments. The intermediate subtotal EBITDA previously presented in the consolidated income statement will be discontinued and shown exclusively as an MPM in the annual report. Net interest income, presented as the balance of interest and similar income and interest expense and similar charges, will also no longer be shown, as interest must be split between investing and financing.
The presentation applies analogously to the statement of cash flows, in which an intermediate subtotal for cash flow from net investments excluding inflows from equity-accounted investments and investments will be introduced.
IFRS 18 governs presentation only and does not impact profit or loss in the consolidated financial statements.
Early application of the new standards and interpretations is not planned.