Critical accounting judgements and key sources of estimation uncertainty

6 Months Ended

Jun. 30, 2025

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 2024 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 12.