The ESEF Taxonomy contains all elements of the IFRS Taxonomy, regardless of the endorsement status of IFRSs in the European Union. The IFRS Foundation updates the IFRS Taxonomy on a regular basis.
ESMA has decided not to publish a new taxonomy in 2023 incorporating the updated elements of the 2023 IFRS Taxonomy. The only taxonomy that can be used in 2023 is the ESEF 2022 Taxonomy based on the 2022 IFRS Taxonomy.
In the ESEF Reporting Manual that was updated in August 2023, ESMA provides additional clarifications on how the elements included in the 2023 IFRS Taxonomy could be used in 2023 by reporting using the ESEF 2022 taxonomy.
If an issuer determines that the IFRS Taxonomy includes an element that corresponds to a disclosure of the issuer in its IFRS financial statements and that this element is not yet included in the ESEF 2022 taxonomy, then the issuers should define an extension taxonomy element whose name, label and XBRL characteristics correspond to name, label and XBRL characteristics of the element in the IFRS Taxonomy. For example, this applies to those elements of the 2023 update of the IFRS taxonomy which have not yet been included in the ESEF core taxonomy at the time of tagging the IFRS financial statements:
| IFRS 2023 element | Issuer extension taxonomy element reflecting the IFRS 2023 element | |
| Elementname | ifrs-full:PropertyPlantAndEquipment IncludingRightofuseAssets |
issuer_prefix:PropertyPlantAnd EquipmentIncludingRightofuse Assets |
| Elementlabel | Property, plant and equipmentincluding right-of-use assets | Property, plant and equipment including right-of-use assets |
| Balanceattibute | debit | debit |
| Periodattribute | instant | instant |
In order to use the 2023 IFRS Taxonomy updated elements, you can consult the page about creating extensions. See below image as an illustration of the example brought up here.