109
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
5.
ADOPTION OF NEW MFRSs AND AMENDMENTS TO MFRSs
5.1 New MFRSs that have been issued, but only effective for annual periods beginning on or after 1 January 2016
The following are Standards of the MFRS Framework that have been issued by the Malaysian Accounting Standards Board (“MASB”)
but have not been early adopted by the Group and by the Company.
Title
Effective Date
MFRS 14
Regulatory Deferral Accounts
1 January 2016
Amendments to MFRS 10, MFRS 12 and MFRS 128
Investment Entities: Applying the Consolidation Exception
1 January 2016
Amendments to MFRS 101
Disclosure Initiative
1 January 2016
Amendments to MFRS 116 and MFRS 138
Clarification of Acceptable Methods of Depreciation and Amortisation
1 January 2016
Amendments to MFRS 11
Accounting for Acquisitions of Interests in Joint Operations
1 January 2016
Amendments to MFRS 116 and MFRS 141
Agriculture: Bearer Plants
1 January 2016
Amendments to MFRS 127
Equity Method in Separate Financial Statements
1 January 2016
Amendments to MFRSs
Annual Improvements to 2012-2014 Cycle
1 January 2016
Amendments to MFRS 112
Recognition of Deferred Tax Assets for Unrealised Losses
1 January 2017
Amendments to MFRS 107
Disclosure Initiative
1 January 2017
MFRS 15
Revenue from Contracts with Customers
1 January 2018
Clarification to MFRS 15
1 January 2018
MFRS 9
Financial Instruments (IFRS as issued by IASB in July 2014)
1 January 2018
Amendments to MFRS 2
Classification and Measurement of Share-based Payment Transactions
1 January 2018
MFRS 16
Leases
1 January 2019
Amendments to MFRS 10 and MFRS 128
Sale or Contribution of Assets between an Investor and its
Associates or Joint Venture
Deferred
The Group is in the process of assessing the impact of implementing these Standards and Amendments, since the effects would only
be observable for future financial years.
