Group notes
Note 8 Remeasurement for hyperinflation
ACCOUNTING POLICY
Epiroc’s operations in Türkiye are accounted for according to IAS 29, Financial reporting in Hyperinflationary economies. Remeasurement of the non-monetary balance sheet items and the statement of income on subsidiary level is part of the net monetary gain or loss recognized in the statement of income as part of financial income and expenses. The statement of income has been translated at the closing rate on the balance sheet date.
EXCHANGE RATES AND INDEX
| 2025 | 2024 | |
|---|---|---|
| Exchange rate SEK/TRY | 0.21 | 0.31 |
| Index | 3 513.87 | 2 684.55 |
| 2025 | 2024 | |
|---|---|---|
| Net monetary gain or loss | -19 | -9 |
The impact on the consolidated statement of income from IAS 29 is illustrated below. The index used by Epiroc for the remeasurement of the financial statements is the consumer price index with base period January 2003.