74.
INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
2.3
Standards issued but not yet effective
The Group has not adopted the following standards applicable to the Group that have been issued but not yet effective:
Description
Effective for
annual periods
beginning on
or after
FRS 114
Regulatory Deferral Accounts
1 January 2016
Amendments to FRS 16 and FRS 41
Agriculture – Bearer Plants
1 January 2016
Amendments to FRS 27
Equity Method in Separate Financial Statements
1 January 2016
Amendments to FRS 16 and FRS 38
Clarification of Acceptable Methods of Depreciation and
Amortisation
1 January 2016
Amendments to FRS 7:
Disclosure Initiative
1 January 2017
Amendments to FRS 12:
Recognition of Deferred Tax Assets for Unrealised Losses
1 January 2017
Improvements to FRSs (November 2014)
(a) Amendments to FRS 105
Non-current Assets Held for Sale and Discontinued Operations
1 January 2016
(b) Amendments to FRS 107
Financial Instruments: Disclosures
1 January 2016
(c) Amendments to FRS 19
Employee Benefits
1 January 2016
Amendments to FRS 111
Accounting for Acquisitions of Interests in Joint Operations
1 January 2016
Amendments to FRS 110 & FRS 28:
Sale or Contribution of Assets between an Investor and its
Associate or Joint Venture
Date to be
determined
Amendments to FRS 1
Disclosure Initiative
1 January 2016
Amendments to FRS 110, FRS 112 & FRS 28
Investment Entities: Applying the Consolidation
Exception
1 January 2016
FRS 115
Revenue from Contracts with Customers
1 January 2018
FRS 109
Financial Instruments
1 January 2018
Except for Amendments to FRS 16 and FRS 41, FRS 115 and FRS 109, the directors expect that the adoption of the other
standards above will have no material impact on the financial statements in the period of initial application. The nature
of the impending changes in accounting policy on adoption of Amendments to FRS 16 and FRS 41, FRS 115 and FRS
109 are described below.
