Dr. Hanne Böckem
Partner, Audit, DPP
KPMG AG Wirtschaftsprüfungsgesellschaft
The draft adopted by the IDW's Real Estate Committee (IFA) was supplemented by regulations on the treatment of the costs of energy-efficient refurbishment. Due to the legal obligation to renovate the building stock in a climate-neutral manner by 2045, the IFA sees a need for action to take such investments more into account when assessing the quality of the building. IDW ERS IFA 1 n.F. shows the resulting effects on the commercial balance sheet.
The revised IDW RS IFA 1 is to be applied for the first time to financial statements for financial years beginning after 31 December 2024. Earlier application shall be permissible.
Proposals for amendments or additions to the draft are requested by the IDW by 31 March 2024.
You can download the draft here.