Impact of IFRSs on European credit institutions

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16 Nov 2005

Deloitte IFRS experts in France recently presented the results of their review of the effects of first-time adoption of IFRSs by 15 European financial institutions.

The 78-slide presentation covered:

First-time Adoption of IFRSs by European Credit Institutions

  • Reporting format
  • Content of information published and key messages
  • Impacts on equity, net income, and the Tier One ratio
  • The main impacts by standard
    • Business combinations and goodwill
    • Share-based payment
    • Employee benefits
    • Scope of consolidation
    • Fixed assets and leases
    • Available-for-sale assets
    • Debt/equity
    • Day-one profit
    • Hedging
    • Loan provisioning
    • Insurance
    • Effective interest rate/Treatment of commissions
Click to download the presentation (PDF 610k).

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