CERTYNEX IFRS ACADEMY

The Quodac group applies a new policy retrospectively that increases assets whose tax base does not change (case data). The draft restatement table adjusts the asset line items and retained earnings, but neither deferred tax nor comparative profit. How should it be assessed?

The table is incomplete: deferred tax and comparative profit must also be restated.

The table is complete if the tax effect is presented in the 2025 tax expense.

The table should only adjust comparative profit, neither asset line items nor equity.

The table is complete: deferred tax concerns only the current year.