Registration No. 200301030845 (633265-K) - 28 - 2. Basis of Preparation (Cont’d) (a) Statement of compliance (Cont’d) Adoption of new and amended standards During the financial year, the Group and the Company have adopted the following new and amendments to MFRSs issued by the Malaysian Accounting Standards Board (“MASB”) that are mandatory for current financial year: Amendments to MFRSs MFRS 7 and MFRS 107 Supplier Finance Arrangements MFRS 16 Lease Liability in Sale and Leaseback MFRS 101 Non-current Liabilities with Covenants MFRS 101 Classification of Liability as Current or Non-current The adoption of the above new and amendments to MFRSs did not have any significant impact on the financial statements of the Group and of the Company. 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 121 Lack of Exchangeability 1 January 2025 Amendments to MFRS 7 and MFRS 9 Amendments to the Classification and Measurement 1 January 2026 Amendments to MFRSs Annual Improvements to MFRS Standards–Volume 11 1 January 2026 Amendments to MFRS 7 and MFRS 9 Contracts Referencing Naturedependent Electricity 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. DESTINI BERHAD ANNUAL REPORT 2025 111
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