BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund the new IFRS 17. The Amendments must be applied may not be necessary to adjust or derecognise the for reporting periods beginning on or after 1 January carrying amount of financial instruments on the basis 2021. Earlier application is permitted. of the adjustments. Rather, under certain conditions, the option is available to adjust the effective interest Borussia Dortmund currently does not expect any rate to reflect the change in the alternative material impact on the consolidated financial benchmark interest rate. statements. With regard to hedge accounting, based on the amendments, it is not necessary under certain Amendments to IFRS 9, IAS 39 and circumstances to terminate a hedging relationship IFRS 7, IFRS 4 and IFRS 16 – Interest designated for hedge accounting purposes due to Rate Benchmark Reform – Phase 2 adjustments triggered by the IBOR reform. The Amendments in Phase 2 of the IBOR reform New risks arising from the reform and, in addition, project (Amendments to IFRS 9 Financial how the transition to alternative reference rates will Instruments, IAS 39 Financial Instruments: be handled must be disclosed. Recognition and Measurement, IFRS 7 Financial In addition to amendments to IFRS 9, IAS 39 and IFRS Instruments: Disclosures, IFRS 4 Insurance 7, the IASB adopted minor amendments to IFRS 4 Contracts and IFRS 16 Leases) supplement the and IFRS 16. rules set out in Phase 1 and address issues that The Amendments must be applied for reporting might affect financial reporting when an existing periods beginning on or after 1 January 2021. interest rate benchmark is actually replaced. The following aspects are affected in particular with Borussia Dortmund currently does not expect any respect to the presentation of financial instruments: material impact on the consolidated financial In the event of changes in contractual cash flows, it statements. Accounting standards issued by the IASB, but not yet adopted by the EU and not yet applied by the Company: New and amended Standards Mandatory application Expected effect Standard and Interpretations Published by IASB (IASB) on Group IFRS 17 Insurance Contracts 18 May 2017 1 January 2023 None (including amend- ments to IFRS 17) Amendments to References to the Conceptual 14 May 2020 1 January 2022 Immaterial IFRS 3 Framework Amendments to Sale or Contribution of Assets 11 September 2014/ TBA Immaterial IFRS 10 and between an Investor and its 18 December 2014 IAS 28 Associate or Joint Venture Amendment to Classification of Liabilities as 15 July 2020 1 January 2023 Immaterial IAS 1 (including Current or Non-current Deferral of Effective Date) Amendments to Property, Plant and Equipment – 14 May 2020 1 January 2022 Immaterial IAS 16 Proceeds before Intended Use Amendments to Onerous Contracts – Cost of 14 May 2020 1 January 2022 Immaterial IAS 37 Fulfilling a Contract Improvements to Amendments to IFRS 1, IFRS 9, 1 September 2020 1 January 2022 Immaterial IFRS 2018 - 2020 IFRS 16 and IAS 41 182