Changes in annual reporting for the 2024 financial statements
Changes in annual reporting for the 2024 financial statements
The Dutch Accounting Standards Board (RJ) has released the 2024 edition of the Guidelines for Annual Reporting. This publication contains the standards relevant for preparing the 2024 financial statements. This edition primarily includes clarifications, while substantive changes are limited, partly due to the focus on sustainability reporting.
Key clarifications
The main clarifications in the annual reporting for the 2024 financial statements concern:
We have created a handy factsheet that outlines all relevant changes in an accessible way, complete with practical examples. The factsheet not only provides insight into the changes for the 2024 financial statements but also offers a brief preview of clarifications in the regulations for 2025. This preview can be valuable in preparing the current financial statements.
Please note: the factsheet only covers general changes and does not include information on regulatory adjustments for specific industries.
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Key clarifications
The main clarifications in the annual reporting for the 2024 financial statements concern:
- Going concern: additional clarity has been provided regarding reporting on going concern, particularly on various going concern scenarios and their respective reporting frameworks. The implications of uncertainties related to stakeholder cooperation on the going concern assumption have also been further elaborated.
- Intercompany transactions: the treatment of unrealized results on intercompany transactions has been clarified. Specific attention is given to the handling of losses on intercompany transactions, intercompany transactions involving so-called negative investments, and the accounting treatment of intercompany transactions.
- Classification of financial instruments: the presentation of equity in the company-only financial statements has been clarified when the classification of a financial instrument is based on its legal form (equity), while the economic substance indicates a liability.
- Negative bank balances in the cash flow statement: clarification has been provided on when negative bank balances are considered part of cash and cash equivalents in the cash flow statement.
- Effective interest method: when measuring at amortized cost, it has been clarified how changes in contractual terms should be processed.
We have created a handy factsheet that outlines all relevant changes in an accessible way, complete with practical examples. The factsheet not only provides insight into the changes for the 2024 financial statements but also offers a brief preview of clarifications in the regulations for 2025. This preview can be valuable in preparing the current financial statements.
Please note: the factsheet only covers general changes and does not include information on regulatory adjustments for specific industries.
More information
If you have any further questions, please do not hesitate to contact us. We are happy to assist you!Download factsheet