NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 2. SUMMARY OF 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 are not yet effective: Description Effective for annual periods beginning on or after Amendments to SFRS(I) 9 and SFRS(I) 7: Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 Annual Improvements to FRSs—Volume 11 1 January 2026 SFRS(I) 18: Presentation and Disclosure in Financial Statements 1 January 2027 Amendments to SFRS(I) 10 and SFRS(I) 1-28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture To be determined The amendments are not expected to have a material impact on the Group’s financial statements, with the exception of SFRS(I) 18. The Group is currently assessing the impacts of SFRS(I) 18 on the primary financial statements and the accompanying notes. SFRS(I) 18: Presentation and Disclosure in Financial Statements In April 2024, the IASB issued SFRS(I) 18, which replaces SFRS(I) 1-1 Presentation of Financial Statements. SFRS(I) 18 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. The standard requires disclosure of newly defined management-defined performance measures, subtotals of income and expenses, and it also 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, are 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. ANNUAL REPORT 2025 123
RkJQdWJsaXNoZXIy NTM2MDQ5