Tamedia Group
On 13 January 2016, the IASB published its new standard on leases (IFRS 16 “Leases”). Lessees generally have to recognise all leases with their assets and liabilities in the balance sheet, except for short-term leases with a term of less than one year and leases where the underlying asset is of low value. The adoption of IFRS 16 is mandatory for financial years starting on or after 1 January 2019. The impact and changes resulting from the implementation of IFRS 9, IFRS 15 and IFRS 16 will undergo a detailed assessment. Application of the following relevant standards and interpretations is not expected to result in any significant changes to the consolidation and measurement principles or to the financial position and financial performance. – IAS 1 “Disclosure Initiative” (amendments to IAS 1 “Presentation of Financial Statements”) – 2016 – IAS 16, IAS 38 “Clarification of Acceptable Methods of Depreciation and Amortisation” (amendments to IAS 16 “Property, Plant and Equipment and IAS 38 Intangible Assets”) – 2016 – IFRS 10/IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture” (amendments to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in Associates and Joint Ventures”) – IFRS 10/IFRS 12/IAS 28 “Investment Entities: Applying the Consolidated Exception” (amendments to IFRS 10 “Consolidated Financial Statements”, IFRS 12 “Disclosure of Interest in Other Entities” and IAS 28 “Investments in Associates and Joint Ventures”) – 2016 – IFRS 11 “Accounting for Acquisitions of Interests in Joint Operations” (amendment to IFRS 11 “Joint Arrangements”) – 2016 – IFRS 14 “Regulatory Deferral Accounts” (new standard) – 2016 – IFRS (2014) “Improvements to International Financial Reporting Standards” – 2016
Restatement The share of net income (loss) of associated companies and joint ventures is restated in the consolidated income statement and in the segment information within EBITDA. The net income (loss) from investments in associated companies and joint ventures is considered an operational component of the net income (loss), particularly in connection with the expansion of the Digital division and its increased significance for business development. The expansion of the Digital division and corresponding changes in revenues were accounted for by adjusting the revenue classification (see Notes 4 to 6). The figures for the prior period were adjusted as a consequence of the restatement. The effects of the restatement on the consolidated income statement, segment information and consolidated cash flow statement are shown in tabular form. Dividends from associated companies and joint ventures are now reported as cash flow from operating activities in the consolidated cash flow statement. The restatement has no impact on the consolidated balance sheet, earnings per share and consolidated statement of total comprehensive income.
40