KONE publishes restated information on 2017 financials as a result of adaption of new IFRS 15 and IFRS 9 accounting standards
KONE Corporation, stock exchange release, March 19, 2018 at 9.15 a.m. EET KONE publishes restated information on 2017 financials as a result of adaption of new IFRS 15 and IFRS 9 accounting standards KONE has adapted new accounting standards issued by the International Accounting Standards Board, IFRS 15, Revenue from Contracts with Customers, and IFRS 9, Financial Instruments, effective on January 1, 2018. The most significant impact from the implementation of the IFRS 15 is the application of percentage of completion revenue recognition method also in the volume new equipment and