Standards effective in the first half of 2026
The following amended IFRS standards came into effect on 1 January 2026:
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Annual Improvements to IFRS Accounting Standards – Volume 11 (issued on 18 July 2024), effective from 1 January 2026.
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Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity (issued on 18 December 2024), effective from 1 January 2026.
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Amendments to IFRS 9 and IFRS 7: Amendments to the Classification and Measurement of Financial Instruments (issued on 30 May 2024), effective from 1 January 2026.
These amendments have no direct impact on Enexis Group's equity or profit for the period.
Future standards not yet in force on the reporting date
IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 18 becomes effective on 1 January 2027 and replaces IAS 1. The standard introduces a new structured format for the statement of profit or loss, additional presentation requirements and new rules for management-defined performance measures (MPMs). Enexis will not early adopt IFRS 18.
For Enexis, IFRS 18 will primarily result in changes to the presentation of the primary financial statements, including a revised layout of the statement of financial position, the statement of profit or loss and changes to the statement of cash flows. In addition, Enexis will provide additional disclosures for any management-defined performance measures identified. The standard has no impact on equity or profit. The main changes arising from IFRS 18 for Enexis' primary financial statements are set out below.
Changes to the statement of profit or loss under IFRS 18:
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The subtotal ‘Operating profit’ will be replaced by the subtotal ‘Operating result’.
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A new subtotal, ‘Profit before financing and income tax’, will be introduced. This represents the sum of the operating result and the results from investments, such as loans provided or deposits.
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Finance income and finance costs will be presented separately.
Changes to the statement of financial position under IFRS 18:
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"Goodwill' will be presented as a separate line item. It is currently included within intangible assets.
Changes to the statement of cash flows under IFRS 18:
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The starting point of the statement of cash flows will change from ‘Profit after income tax’ to ‘Operating profit’.
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‘Interest received’ will be presented within investing activities. It is currently presented within operating activities.
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‘Interest paid’ will be presented within financing activities. It is currently presented within operating activities.
IFRS 20 Regulatory Assets and Regulatory Liabilities
IFRS 20 was issued on 27 May 2026 and is expected to become effective on 1 January 2029. The standard has not yet been endorsed by the European Union.
IFRS 20 introduces a comprehensive and consistent accounting framework for companies subject to a specific type of rate regulation. The standard addresses timing differences that arise due to costs that are often recognised in a different period from the one in which they are recovered from customers through regulated rates. It also introduces extensive disclosure requirements designed to provide greater insight into the effects of regulation on an entity's financial position, financial performance and future cash flows.
Enexis will assess the impact of IFRS 20 the coming period. As the activities of Enexis Netbeheer B.V. are subject to rate regulation, the standard is expected to have a material impact on the financial reporting of Enexis Groep.
In addition to the new standards described above, the IASB and IFRIC have issued new and/or amended standards and interpretations that are not yet effective on the reporting date. These standards and interpretations can only be applied if they have been endorsed by the European Union. Enexis will continue to monitor these new and amended standards closely and, where relevant, provide further disclosures on their impact on Enexis Groep.