Registration Document 2013
Consolidated Financial Statements And Notes
Amendment to IFRS 7 “Disclosures – Offsetting Financial Assets
and Financial Liabilities”. The amendment introduces additional
disclosure requirements for recognized financial instruments that
are set off in accordance with IAS 32. It also requires disclosure
of information about recognized financial instruments subject to
enforceable master netting arrangements and similar agreements
even if they are not set off under IAS 32.The Group does not set
off any financial assets and financial liabilities and the amendment
therefore had no impact on the consolidated financial statements.
Improvements to IFRSs – 2009-2011 Cycle.These improvements
had no impact on the consolidated financial statements.
IFRIC 20 “Stripping Costs in the Production Phase of a Surface
Mine”. Accor is not concerned by this interpretation which deals
with waste removal costs that are incurred in surface mining
activity during the production phase of the mine.
In addition, the Group decided to early adopt the amendment
to IAS 36 – Recoverable Amount Disclosures for Non-Financial
Assets. This amendment, which has been applied retrospectively
to all periods presented, restricts the requirement to disclose the
recoverable amount of a cash-generating unit (CGU) that includes
goodwill or intangible assets with an indefinite useful life to those
periods in which an impairment loss has been recognized or reversed.
Assessment of the potential impact on the consolidated financial statements of future standards,
amendments to existing standards and interpretations of existing standards
The Group did not early adopt the following standards, amendments and interpretations adopted or in the process of being adopted by
the European Union at December 31, 2013 and applicable after that date:
Standard or Interpretation
on or after)
Measurement of the possible impact on the Accor Group
consolidated financial statements in the period of initial
This standard is currently not expected to have a material
impact on the consolidated financial statements.
Additions to IFRS 9
IFRS 10 and current
January 1, 2013* IFRS 10 establishes a single method of determining whether
entities are controlled and should be fully consolidated.
The three elements of control are: i) power to direct
the relevant activities, ii) exposure or rights to variable
returns and iii) ability to use power to affect returns.
Analyses conducted in 2012 showed that application of this
standard will have no significant impact on the consolidated
IFRS 11 and current
“Joint Arrangements” January 1, 2013* Following adoption of IFRS 11, application of the
proportionate consolidation method to jointly controlled
entities will no longer be allowed. Consequently from
January 1, 2014 these entities will be accounted for by the
equity method with retrospective application of this method
to 2013. The impact that the standard would have had on
the Group’s 2013 revenue, expenses and main statement of
financial position’s indicators if it had been applied in 2013 is
presented in Note 42.