The Federal Ministry of Justice published the German Accounting Amendment Standard No. 13 (GAAS 13) in the authoritative German version pursuant to § 342 (2) HGB in the Official Gazette “Bundesanzeiger” on 27 July 2023 (only in a German version).
The subject of GAAS 13 are amendments to GAS 20 Group Management Report and GAS 21 Cash Flow Statements. The amendment standard supplements regulations on the following topics in GAS 20 and GAS 21:
- Extension of the scope of application of the sector-specific appendices of GAS 20 and GAS 21 to investment institutions, payment institutions and electronic money institutions, as well as pension funds,
- presentation of cash inflows (and cash outflows) from grants and subsidies received (or awarded) in the cash flow statement of the grant recipient (as well as the grantor),
- Inclusion of cash pool receivables (or cash pool liabilities) in cash funds in accordance with GAS 21, including the presentation of cash flows from changes in cash pooling receivables (or cash pooling liabilities), and
- presentation of cash flows relating to changes in the basis of consolidation in relation to the cash funds of the subsidiary acquired (or disposed of).
The amendment standard shall be applied for the first time to the financial year beginning after 31 December 2022. Early application is permitted.