IMPLEMENTATION OF IFRS 15 - REVENUE FROM CONTRACTS WITH CUSTOMERS
OUTOTEC OYJ STOCK EXCHANGE RELEASE MARCH 28, 2018 at 10:00 AM IMPLEMENTATION OF IFRS 15 - REVENUE FROM CONTRACTS WITH CUSTOMERS Minor impact of IFRS 15 on Outotec's 2017 figures Outotec has adopted the IFRS 15 standard, Revenue from Contracts with Customers, as of January 1, 2018. As a result, Outotec restated the figures for 2017 using the full retrospective method. The main impacts of the restatement are: · EUR 4.2 million negative cumulative restatement in retained earnings as of January 1, 2017, which represents the cumulative change in net result for previous periods