Český finanční a účetní časopis 2019(3):53-70 | DOI: 10.18267/j.cfuc.535

Intellectual capital reporting in accordance with IFRS

Martin Kučera
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, nám. W. Churchilla 4, 130 67 Praha 3

The article focuses on disclosure of information regarding the intellectual capital in annual reports of companies carrying out their reports based on IFRS standards. Intellectual capital can be defined as a combination of human, structural and relation capital of an organisation and is very closely connected to the issue of intangible assets in accounting. For the purpose of determination of the current state of reporting, the annual reports of companies included in the stock index TexDAX (30 biggest tech-companies on the german stock market) for the year 2017 were analysed. The analysis of the financial statements, including notes, showed that entities adhere to the details outlined in IAS 38 and do not tend to disclose information on a more detailed group or asset level basis. Furthermore, based on the results of the analysis it can be concluded that companies generally do not overly focus on the complex reporting of information regarding intellectual capital in other parts of annual reports.

Keywords: Intangible assets; IAS38; IFRS 3; Intellectual capital.
JEL classification: M41, O34

Published: December 1, 2019  Show citation

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Kučera, M. (2019). Intellectual capital reporting in accordance with IFRS. Czech Financial and Accounting Journal, 2019(3), 53-70. doi: 10.18267/j.cfuc.535
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