Tieto has adopted the new IFRS 9, ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’ as of 1 January 2018. The first interim report for 2018 is prepared in accordance with the new standards. The impact of IFRS 15 on 2017 Group-level net sales is EUR 0.2 million and on operating profit (EBIT) EUR -0.1 million. The change mainly affects the Technology Services and Modernization service line. The impact of IFRS 9 on the company’s equity in the opening balance sheet for 2018 is EUR 0.4 million (negative). The total impact of reporting changes on equity, including IFRS 9 and IFRS 15, is EUR 0.2 million (positive). Tieto's financial reporting for 2017 has been adjusted to account for the reporting standard changes.
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