IASB publishes Amendments to IFRS 19

On 21 August 2025, the International Accounting Standards Board (IASB) published Amendments to IFRS 19 Subsidiaries Without Public Accountability: Disclosures (further information).

IFRS 19 was published by the IASB on 9 May 2024. With its publication, the IASB has issued a separate IFRS Accounting Standard that allows entities that do not have public accountability (i.e. companies that are not financial institutions or listed on a stock exchange) to apply IFRS Accounting Standards with a reduced number of disclosure requirements in their separate financial statements. To apply IFRS 19 (subject to endorsement in the EU), an entity must have an ultimate or intermediate parent that produces consolidated financial statements that comply with IFRS Accounting Standards.

When developing the reduced disclosure requirements for IFRS 19, the IASB based its work on the disclosure requirements in (full) IFRS as of February 2021. The amendments to IFRS 19 now published provide relief for subsidiaries with regard to a number of recent IASB pronouncements, in particular:

• IFRS 18 Presentation and Disclosure in Financial Statements,
• Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7),
• International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12),
• Lack of Exchangeability (Amendments to IAS 21) and
• Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7).

With these amendments, IFRS 19 reflects the changes to IFRS Accounting Standards that will come into effect up to 1 January 2027, when IFRS 19 will be applicable.
The Amendments are available from the IASB and subject to a fee. Further information is available on the IFRS Foundation website.