Disclosure Of Changes In Accounting Policies, Accounting Estimates And Errors [Text Block]

Rokiskio Suris - Filing #5879244

Concept 2024-01-01 to
2024-12-31
Disclosure of changes in accounting policies, accounting estimates and errors [text block]
33. Change of accounting policy for property, plant and equipment
Disclosure of voluntary change in accounting policy [text block]
Disclosure of voluntary change in accounting policy [abstract]
Disclosure of voluntary change in accounting policy [line items]
Description of nature of voluntary change in accounting policy
During preparation of the financial statements for the year 2024, management decided to change the accounting policy for property, plant and equipment by changing the policy from accounting for assets at revalued value to accounting at the cost of acquisition according IAS16 “Property, plant and equipment”. The decision made because the cost model provides more relevant and reliable information due to the following factors:

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