Abstract:

In March 2022, a military conflict was initiated in Ukraine, having Russia as an invading country. European entities from the energy-related sectors would be potentially affected by this event, considering Europe's dependence on energy imports from Russia. This exploratory paper aims to assess, based on content analysis, the disclosures by listed European entities from the energy-related sectors regarding Russia’s invasion of Ukraine in 2022 since it is expected that the impacts of this event should be at least reported under the International Accounting Standard (IAS) 10. The entities’ financial or integrated reporting for the reporting period that ended in 2021 is used as the source of information. The findings globally indicated a reduced level of information on this event, excepting some entities from the oil and gas sectors, which was particularly evident within the electricity sector. Furthermore, figures are usually missing, and repetitions, as well as unclear and vaguer information on the likely future impacts, were usually found. As far as it is the authors' knowledge, this is the first research that uses this theme as the object of analysis from the perspective proposed in this paper. Moreover, accounting research using the entities' disclosure on the notes under IAS 10 as a specific data source is still incipient. Therefore, this paper may contribute to the literature by providing insights into the different patterns found by the entities concerning a current topic that has relevant social and economic impacts worldwide, as well as on the characteristics of the entities’ disclosures within IAS 10.