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Final stage

In March 2023, the IFRS Foundation issued IFRS Accounting Taxonomy 2022—Update 1 General Improvements and Common Practice.

The Update includes:

  • updating the IFRS Accounting Taxonomy practice for deprecation of elements;
  • adding new common practice elements for antidilutive instruments; other comprehensive income; property, plant and equipment, including right-of use assets; and reconciliation of the denominator used in calculating basic and diluted earnings per share;
  • deprecating a duplicate element for right-of-use assets; and
  • replacing broad text block elements with abstract elements and amended labels of other text block elements to clarify their intended use.

The IFRS Accounting Taxonomy 2023 incorporates the changes resulting from this Update. The final XBRL files and supporting materials are available on the IFRS Accounting Taxonomy 2023 page.