NOTES TO THE FINANCIAL STATEMENTS Registration No. 200301030845 (633265-K) - 29 - 2. Basis of Preparation (Cont’d) (a) Statement of compliance (Cont’d) Standards issued but not yet effective The Group and the Company have not applied the following new MFRSs and amendments to MFRSs that have been issued by MASB but are not yet effective for the Group and the Company: Effective dates for financial periods beginning on or after Amendments to MFRS 16 Lease Liability in a Sale and Leaseback 1 January 2024 Amendments to MFRS 101 Classification of Liabilities as Current or Non - Current 1 January 2024 Amendments to MFRS 101 Non-current Liabilities with Covenants 1 January 2024 Amendments to MFRS 107 and MFRS 7 Supplier Finance Arrangements 1 January 2024 Amendments to MFRS 121 Lack of Exchangeability 1 January 2025 Amendments to MFRS 9 and MFRS 7 Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 MFRS 18 Presentation and Disclosure in Financial Statements 1 January 2027 MFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 10 and MFRS 128 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Deferred until further notice The Group and the Company intend to adopt the above new amendments to MFRSs, if applicable, when they become effective. The initial application of the above-mentioned MFRSs are not expected to have any significant impacts on the financial statements of the Group and the Company. 106 DESTINI BERHAD ANNUAL REPORT 2024
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