Euronext requires disclosure of effect of IFRS by mid-2004
17 Dec 2002
Euronext (the pan-Europe stock exchange combining the exchanges in Amsterdam, Brussels, Lisbon, and Paris) has published rules for transition to IFRS/IAS by its Next Prime and Next Economy listed companies.
No financial information that complies with IFRS will be required for 2003. However, a company that has not yet adopted IFRS as of the start of 2004 or earlier will be required to disclose, in its second quarter financial statements for 2004 at the latest, information on the effects of applying IFRS on its opening balance sheet of the year 2004 and on its performance. The requirement to publish quarterly reports starting in 2004 is maintained. Click for Euronext Press Release (PDF 28k).