8. New standards and interpretations issued, but not yet effective

The Group decided not to apply earlier any standard, interpretation or amendment that have been issued, but are not yet effective in the light of the European Union regulations.

The below standards or amendments thereto have not yet been approved:

• Amendments to IFRS 3, IAS 16, IAS 37 – 2018-2020 Annual Improvements Cycle, which is effective for the reporting periods beginning on or after 1 January 2022;
• IFRS 17 Insurance Contracts, including amendments to IFRS 17 – effective for reporting periods beginning on or after 1 January 2023.

In the opinion of the Group, the above planned changes shall not have any impact on the data presented by the Group.

The effective dates are the dates resulting from the contents of standards issued by the International Financial Reporting Council. The dates of the standards adoption in the European Union may differ from the dates of adoption resulting from the content of the respective standards and are announced at the time of approving them for adoption by the European Union.