Where IFRS requirements remain unchanged, the principles applied in preparing the condensed interim consolidated financial statements are consistent with those applied in preparing the consolidated financial statements for fiscal year 2025.
In accordance with IAS 34, tax expense for the interim reporting period is calculated based on the effective tax rate expected for the fiscal year as a whole. Taxes relating to exceptional items are recognised in the quarter in which those items arise.
Due to continuing economic and geopolitical tensions, estimates and judgements are subject to increased uncertainty. The amounts ultimately recognised may therefore differ from current expectations. In reassessing its estimates and judgements, Bechtle took into account the available information on the economic outlook.
Goodwill and the MODUS Consult brand, which is recognised under other intangible assets, are tested annually for impairment based on value in use. Based on the assumptions and sensitivity analyses as of 31 December 2025, together with business performance in the first half of 2026, there are no indications of impairment. The next annual impairment test in accordance with IAS 36 will be performed based on the information available as of 30 September 2026.