ment and all previous versions of IFRS 9 The standard irtrodirAs new requirements for classification and measurement impairment and hedge accounting IFRS 9 is elective for annual periods beginning on or after January 1 2018 wth early application permitted Retrospective application is required. but compa

plication technology services. In the next step, the quantitative impact on the consolidated financial statements will be analyzed in more detail. IFRS 9 is the replacement for IAS 39 Financial Instruments: Recognition and Measurement. The main changes in IFRS 9 compared with the old standard IAS 39 c