IFRS Taxonomy Update—Amendments to IFRS 17, IFRS 4 and IAS 16

In March 2021, the IFRS Foundation issued IFRS Taxonomy 2020—Update 3 Amendments to IFRS 17, Extension of the Temporary Exemption from Applying IFRS 9 and Property, Plant and Equipment—Proceeds before Intended Use.

The Update reflects the amendments to:

• the new and old insurance contracts Standards, IFRS 17 and IFRS 4, issued in June 2020—Amendments to IFRS 17 and Extension of the Temporary Exemption from Applying IFRS 9; and
• IAS 16, issued in May 2020—Property, Plant and Equipment—Proceeds before Intended Use.