2014 Registration Document and Annual Financial Report - page 181

5
Financial Statemements
Consolidated Financial Statements and Notes
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, 2014 and applicable after that date:
Standard or Interpretation
Application
Date (period
beginning
on or after)
Measurement of the possible impact on the Accor
Group consolidated financial statements in the
period of initial application
IFRS 9
“Financial Instruments”
01/01/2018* Impacts on the consolidated financial statements
being analyzed
IFRS 15
“Revenue from Contracts
with Customers”
01/01/2017* Impacts on the consolidated financial statements
being analyzed
IFRS 14
“Regulatory Deferral Accounts” 01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Amendments to
IFRS 10 and IAS 28
“Sale or Contribution of Assets
between an Investor and its
Associate or Joint Venture”
01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Amendment to IAS 1
Disclosure Initiative
01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Annual Improvements to IFRS 2010-2012 Cycle
01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Amendments to IAS 16
and IAS 38
“Property, Plant and Equipment”
and “Intangible assets” –
clarification of acceptable methods
of depreciation and amortisation
01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Amendment to IFRS 11
“Accounting for Acquisitions
of Interests in Joint Operations”
01/01/2016* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Amendment to IAS 19
“Defined Benefit Plans: Employee
Contributions”
07/01/2014* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Annual Improvements to IFRS 2010-2012 Cycle
07/01/2014* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
Annual Improvements to IFRS 2011-2013 Cycle
07/01/2014* These standards and amendments to existing
standards are currently not expected to have a material
impact on the consolidated financial statements
IFRIC 21
“Levies”
01/01/2014** The estimated impact on opening equity at January 1,
2015 is estimated at €4 million. The impact on net
profit at June 30, 2014 is estimated at €(9) million
and the impact on the 2014 annual financial
statements at €(0) million
* Standard, amendment or interpretation not yet adopted for use in the European Union.
** These standards are applicable in the European Union for annual periods beginning after January 1, 2015, with early adoption allowed from January 1, 2014.
First-time adoption of IFRSs
The following options adopted byAccor in the opening IFRS statement
of financial position at the IFRS transition date (January 1, 2004) in
accordance with IFRS 1, continue to have a material impact on the
consolidated financial statements:
ƒƒ
business combinations recorded prior to January 1, 2004 were
not restated;
ƒƒ
cumulative translation differences at the transition date were
reclassified in retained earnings;
ƒƒ
property, plant and equipment and intangible assets were not
measured at fair value at the transition date.
Registration Document 2014
179
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