IFRS Accounting Taxonomy 2023

The IFRS Accounting Taxonomy 2023 reflects the presentation and disclosure requirements of the IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB) at 1 January 2023, the IFRS for SMEs Accounting Standard as issued by the IASB in December 2015 and Practice Statement 1 Management Commentary as issued by the IASB in December 2010.

The IFRS Accounting Taxonomy 2023 includes changes to the IFRS Accounting Taxonomy 2022 to reflect new or amended presentation and disclosure requirements arising from:

• Lease Liability in a Sale and Leaseback, which amended IFRS 16 Leases, issued by the IASB in September 2022; and

• Non-current Liabilities with Covenants, which amended IAS 1 Presentation of Financial Statements, issued by the IASB in October 2022.

The IFRS Accounting Taxonomy 2023 also includes changes to reflect common reporting practice by entities that apply IFRS Accounting Standards and general taxonomy improvements. These changes include:

• updating the IFRS Accounting Taxonomy practice for deprecation of elements;

• adding new common practice elements for antidilutive instruments; other comprehensive income; property, plant and equipment, including right-of use assets; and the reconciliation of the denominator used in calculating basic and diluted earnings per share;

• deprecating a duplicate element for right-of-use assets; and

• replacing broad text block elements with abstract elements and amended labels of other text block elements to clarify their intended use.

The IFRS Accounting Taxonomy 2023 was published on 23 March 2023.

• Taxonomy package: IFRS Accounting Taxonomy 2023

• IFRS Taxonomy Illustrated in PDF and Excel

Below you will find all information relevant to the annual IFRS Accounting Taxonomy. Additional resources, such as Illustrative Examples, can be accessed here.