Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance 69 Annual Report 2025 Notes to the financial statements For the financial year ended 31 December 2025 2. Summary of material accounting policies information (cont’d) 2.3 Standards issued but not yet effective The Group has not adopted the following standards and interpretations that have been issued but not yet effective: Description Effective for the financial year beginning on or after Amendments to SFRS(I) 9 Financial Instruments and SFRS(I) 7 Financial Instruments: Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 Amendments to SFRS(I) 9 Financial Instruments and SFRS(I) 7 Financial Instruments: Contracts referencing Nature-dependent electricity 1 January 2026 Annual Improvements to SFRS(I)s - Volume 11 1 January 2026 SFRS(I) 18: Presentation and Disclosure in Financial Statements 1 January 2027 SFRS(I) 19: Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to SFRS(I) 10 Consolidated Financial Statements and SFRS(I) 1-28 Investments in Associates and Joint Ventures: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Date to be determined The Group does not intend to early adopt any of the above-mentioned standards. Based on the information available to date, the directors expect that the adoption of the standards above will have no material impact on the financial statements in the period of initial application, except for SFRS(I) 18 Presentation and Disclosure in Financial statements. SFRS(I) 18 Presentation and Disclosure in Financial Statements introduces new requirements for presentation within the statement of profit or loss, including specified totals and subtotals. Furthermore, entities are required to classify all income and expenses within the statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations, whereof the first three are new. It also requires disclosure of newly defined management-defined performance measures, subtotals of income and expenses, and includes new requirements for aggregation and disaggregation of financial information based on the identified ‘roles’ of the primary financial statements and the notes. In addition, narrow-scope amendments have been made to SFRS(I) 1‑7 Statement of Cash Flows, which include changing the starting point for determining cash flows from operations under the indirect method, from ‘profit or loss’ to ‘operating profit or loss’ and removing the optionality around classification of cash flows from dividends and interest. In addition, there are consequential amendments to several other standards. SFRS(I) 18, and the amendments to the other standards, is effective for reporting periods beginning on or after 1 January 2027, but earlier application is permitted and must be disclosed. SFRS(I) 18 will apply retrospectively.
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