Change in accounting policy due to Agenda Decision from IFRS Interpretations Committee
With reference to Note 2 in the 2021 Annual Report. On April 20, the IFRS Interpretations Committee concluded an Agenda Decision which provides guidance as to how a software reseller might apply the principal/agent criteria in IFRS 15 “Revenue from Contracts with Customers” to the resale of standard software to a customer. The decision has implications for whether revenue from the resale of standard software is recognized on a gross or net basis under IFRS 15. The guidance can also be applied to the resale of standard vendor services such as extended warranties. In its historic