25.3

• AARO Basepackage IFRS 18 is a new standard from IASB, published in April 2024, and it replaces the current IAS 1 Presentation of Financial Statements. The purpose of IFRS 18 is to improve comparability and clarity in financial reports, especially regarding the income statement and how companies present their financial performance. The AARO Base Package is updated with reports adapted to the new requirements of IFRS 18. The reports included in the 25.3 release are income statement by nature, income statement by function, and an updated balance sheet. If you are already using AARO we are offering the implementation of IFRS 18 as a consultancy service. In an upcoming release, we will also launch a cash flow analysis that complies with IFRS 18 requirements.
• AARO Lease IFRS 16 we’ve taken the next step by releasing full calculation support for indexation. This covers the entire workflow: identifying and categorizing relevant contracts, applying index calculations, and updating the payment plan – all in one bulk operation. The goal is to improve efficiency in the contract update process, especially during period closing. The new version focuses on the most common scenarios and was developed with direct input from customers to ensure better usability and higher adoption.

25.2

• AARO Lease IFRS 16 we have allowed using both a periodic schedule and a manual schedule in the payment plan. This will allow contracts to be converted from a manual schedule to a periodic one and will also allow more flexibility to add non-recurring payments in the manual schedule as addition to a periodic schedule. This does not affect the calculations of upgraded contracts since the payment schedules are maintained as they were set up before the upgrade. There is only a visible difference in the contract view since there are now two separate buttons for the different payment schedules.

25.1

• AARO we have implemented SIE file conversion to TXT in the Web client menu Import Admin in addition to existing Import functionality of TXT files. We support conversion of SIE file formats 1 – 4. The former conversion tool SIEFileConverter.exe and Windows client menu IMPORT are considered legacy and are not supported in future versions. SIEFileConverter.exe is removed from the current and future versions. For text file import the Web client menu Import Admin should be used.
• AARO Lease IFRS 16 The possibility to Terminate or Delete contracts through Bulk edit was added. However, we have still temporarily disabled the index functionality. Note that indexation can still be handled manually with an update in the payment plan. We have simplified the Index configuration interface to help you categorize contracts with similar index clause terms and it is moved from the payment plan to the Contract index section in the contract view. This provides better support for you who prefer to handle index calculations manually. This change will have an impact on upgrading customers since the index configuration parameters must be reset to meet the new format. Other changes in this version have mainly focused on finetuning the product since the first release of a rewritten Lease logic.

25.0

• AARO Security & Audit, our new logging tool replacing the old AARO Logger. In the first version of the product the development focus has been on Security (defined as user events such as sign in/sign offs and logs related to user access administration), system management changes (such as edit accounts, edit periods, edit dimensions etc) and data entry changes (changes to data entry input accounts).
• AARO we want to highlight a step taken to improve the user experience in reports where we have removed the preferred selection memory (last selected value) for Period and Time Series when used as parameters. Now, the saved period(-s) or the current period settings for Time Series are applied instead.
• AARO Lease IFRS 16 we have re-introduced the possibility to configure the Share distribution with up to two dimensions.

Deactivated functionality from AARO 24.3 and later

• AARO Lease IFRS16 Automatic retirement in excel import, a setting which can be turned on or off.
• AARO Divest button in Legal – automated transactions for reversal and moving ownership when selling subsidiary assets, investments (shares), or divisions of a company. This functionality will stay deactivated until we rework our Acquisition register functionality.