The Financial Supervisory Authority of Norway has amended Norway's regulation on adopted international accounting standards to bring Regulation (EU) 2026/338 into national law, thereby adopting IFRS 18 Presentation and Disclosure in Financial Statements. The change follows the EEA Joint Committee's decision to incorporate the EU regulation into Annex XXII of the EEA Agreement and took effect on 13 July 2026. IFRS 18 is intended to improve the information provided in financial statements, with particular emphasis on the income statement. It requires entities to present defined subtotals in the statement of profit or loss, provide note disclosures on management-defined performance measures, and apply new principles for aggregating and disaggregating information. As a consequence of adopting IFRS 18, IAS 1 Presentation of Financial Statements is repealed and a number of other standards are amended.
Norwegian Finanstilsynet2026-07-17
Financial Supervisory Authority of Norway incorporates IFRS 18 into Norwegian law, effective 13 July 2026
The Financial Supervisory Authority of Norway has incorporated IFRS 18 Presentation and Disclosure in Financial Statements into Norwegian law through an amendment to its regulation on adopted international accounting standards. The measure took effect on 13 July 2026 and introduces new requirements on subtotals in the income statement, disclosures on management-defined performance measures, and aggregation and disaggregation of information. It also repeals IAS 1 Presentation of Financial Statements and triggers related amendments to other standards.