Critical accounting judgements and key sources of estimation uncertainty

6 Months Ended

Jun. 30, 2024

Disclosure Of Accounting Judgements And Estimates [Abstract]

Critical accounting judgements and key sources of estimation uncertainty

Note 2: Critical accounting judgements and key sources of estimation uncertainty

The preparation of the Group’s financial statements in accordance with IFRS requires management to make judgements,

estimates and assumptions in applying the accounting policies that affect the reported amounts of assets, liabilities,

income and expenses. Due to the inherent uncertainty in making estimates, actual results reported in future periods may

be based upon amounts which differ from these estimates. Estimates, judgements and assumptions are continually

evaluated and are based on historical experience and other factors, including expectations of future events that are

believed to be reasonable under the circumstances. In preparing the financial statements, the Group has considered the

impact of climate-related risks on its financial position and performance. While the effects of climate change represent a

source of uncertainty, the Group does not consider there to be a material impact on its judgements and estimates from

the physical, transition and other climate-related risks in the short-term.

The Group’s significant judgements, estimates and assumptions are unchanged compared to those disclosed in note 3 of

the financial statements included in the Group’s 2023 annual report on Form 20-F. Further information on the critical

accounting judgements and key sources of estimation uncertainty for the allowance for expected credit losses is set out

in note 14.