Company: ARBK
Filing Date: 2025-05-09
Form Type: 6-K
Source: 0001654954-25-005344
Chunk: 65

Company: Argo Blockchain Plc
Filing Date: 2025-05-09
Form: 6-K
Chunk 65
---
 or after 1 January 2024. The adoption of these standards and amendments

did not have any material impact on the financial result or position of the Group.

At the date of authorisation of these financial statements, the following Standards and Interpretation, which have not yet

been applied in these financial statements, were in issue but not yet effective:

| Standard or Interpretation | Description                                                   | Effective date for annual accounting period beginning on or 
 after                                                       |
| IFRS 18                    | Presentation and Disclosure in Financial Statements           | 1-Jan-27                                                    |
| IFRS 7/9                   | Amendments to the Classification and Measurement of Financial 
 Instruments. Contracts referencing Nature-dependent           
 Electricity                                                   | 1-Jan-26                                                    |
| (amendments)               |                                                               |                                                             |
| IFRS 7                     | Disclosures - Gain or Loss on Derecognition, Credit           
 Risk,                                                         | 1-Jan-26                                                    |
| (amendments)               |                                                               |                                                             |
| IFRS 10                    | Determination of a ‘de-facto agent;’                          | 1-Jan-26                                                    |
| (amendments)               |                                                               |                                                             |
| IIFRS 9                    | Derecognition of Lease Liabilities                            | 1-Jan-26                                                    |
| (amendments)               |                                                               |                                                             |

#### 6.
KEY JUDGEMENTS AND ESTIMATES

In the application of the Group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Valuation of tangible fixed assets – Note 18

The directors considered whether any impairments were required on the value of the property, plant and equipment. In doing so they made use of forecasts of revenues and expenditure prepared by the Group and came to the conclusion that impairment of those assets was required based on current forecasts