This Appendix is an integral part of the Standard.

A1 An entity may elect to apply this Standard for reporting periods beginning on or after 1 January 2027. Earlier application is permitted. If an entity chooses to apply this Standard earlier, it shall disclose that fact. In accordance with paragraph 14, if an entity applies this Standard in the current reporting period but not in the immediately preceding period, it shall provide comparative information (that is, information for the preceding period) for all amounts reported in the current period's financial statements, unless this Standard or another IFRS Accounting Standard permits or requires otherwise.

IFRS 18 Presentation and Disclosure in Financial Statements

A2 IFRS 18 Presentation and Disclosure in Financial Statements, issued in April 2024, supersedes IAS 1 Presentation of Financial Statements. IFRS 18 applies to annual reporting periods beginning 1 January 2027 and earlier application is permitted.