Annual Report 2016
69
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
2.
APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS
– continued
The Group has not early applied the following new and revised IFRSs that have been issued but are
not yet effective: – continued
Amendments to IAS 16
Clarification of Acceptable Methods of Depreciation and
and IAS 38
amortisation
3
Amendments to IFRSs
Annual Improvements to HKFRSs 2012 – 2014 Cycle
3
Amendments to IAS 16 and IAS 41 Agriculture: Bearer Plants
3
Amendments to IAS 27
Equity Method in Separate Financial Statements
3
Amendments to IFRS 10
Sale or Contribution of Assets between an Investor and
and IAS 28
its Associate or Joint Venture
5
Amendments to IFRS 10,
Investment Entities: Applying the Consolidation
IFRS 12 and IAS 28
Exception
3
1
Effective for annual periods beginning on or after January 1, 2018
2
Effective for first annual HKFRS financial statements beginning on or after January 1, 2016
3
Effective for annual periods beginning on or after January 1, 2016
4
Effective for annual periods beginning on or after January 1, 2019
5
Effective for annual periods beginning on or after a date to be determined
IFRS 9 Financial Instruments
IFRS 9 issued in November 2009 introduced new requirements for the classification and
measurement of financial assets. IFRS 9 was subsequently amended in October 2010 to include
the requirements for the classification and measurement of financial liabilities and for derecognition,
and in November 2013 to include the new requirements for general hedge accounting. Another
revised version of IFRS 9 was issued in 2014 mainly to include a) impairment requirements for
financial assets and b) limited amendments to the classification and measurement requirements by
introducing a “fair value through other comprehensive income” (“FVTOCI”) measurement category
for certain simple debt instruments.
