“taxonomy-aligned turnover associated with environmentally sustainable economic activities”.
The proportion of the turnover generated with products or services associated with taxonomy-compliant economic activities (in short: “sustainability-related turnover”).
Total revenues according to IFRS or HGB
Relevant is the total sales revenues according to the respective accounting law; according to the Taxonomy Regulation, there are no changes concerning the determination of sales revenues.
The accrual questions regarding sales revenues (especially according to IFRS) also have a corresponding 1:1 effect on the taxonomy ratio in this respect.
Taxonomy-aligned Capital Expenditures (CapEx) associated with environmentally sustainable economic activities.
Proportion of capital expenditures related to assets or processes that are associated with taxonomy-compliant economic activities (in short, “sustainability-related capital expenditures (CapEx)”).
Taxonomy-compliant CapEx ———————————————————- Total CapEx according to IFRS or HGB
CapEx = Capital expenditure = Additions to property, plant and equipment and intangible assets according to the respective accounting law applied.
CapExPlan = Expansion of taxonomy-compliant economic activities or conversion of taxonomy-compliant economic activities into taxonomy-compliant economic activities within a predefined period.
Taxonomy-aligned Operating Expenses (OpEx) associated with environmentally sustainable economic activities.
The portion of operating expenses related to assets or processes associated with taxonomy-aligned economic activities (in short, “sustainability-related operating expenses (OpEx)”).
Taxonomy-compliant OpEx ———————————————————- Total OpEx according to definition of Taxonomy Regulation
OpEx or “operating expenses” are defined much more narrowly than “operating expenses” according to HGB or IFRS!
Operating expenses in the sense of the Taxonomy Regulation = In particular, maintenance expenses for tangible assets (building renovation measures, maintenance, repair), short-term leasing and non-capitalised research and development costs.
Should you ever lose track of the big picture, my colleagues and I from the AGN EMEA Accounting, Auditing & Education Committee (AAEC) will be happy to help and guide you safely through the IFRS and CSR jungle. As a member of AGN International, you can use the AGN AAEC Helpline at any time or contact me by email at email@example.com or by mobile phone at +49 173 8710322.
AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office 3 More London Riverside, London SE1 2RE, United Kingdom. AGN International Ltd (and its regional affiliates; together "AGN") is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other's services, actions or inactions.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.