180 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 2. CHANGES IN ACCOUNTING POLICIES (CONT’D.) 2.2 Standards issued but not yet effective The following are new and amended MFRS Accounting Standards issued by the Malaysian Accounting Standards Board (“MASB”) that will be effective for the Group and the Bank in future years. The Group and the Bank intend to adopt the relevant standards when they become effective. Description Effective for annual periods beginning on or after Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures) 1 January 2026 Amendments to the Contracts Referencing Nature-dependent Electricity (Amendment to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures) 1 January 2026 Annual improvements to MFRS 1 First-time Adoption of MFRS, MFRS 7 Financial Instruments: Disclosures, MFRS 9 Financial Instruments, MFRS 10 Consolidated Financial Statements and MFRS 107 Statement of Cash Flows 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 Translation to a Hyperinflationary Presentation Currency (MFRS 121 The Effects of Changes in Foreign Exchange Rates) 1 January 2027 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to MFRS 10 Consolidated Financial Statements and MFRS 128 Investments in Associates and Joint Ventures) To be announced by MASB The directors expect that the adoption of the above standards will have no material impact on the financial statements in the period of initial application except for MFRS 18 Presentation and Disclosure in Financial Statements where the Group and the Bank are still in midst of evaluating the potential impact of adopting this standard on the required effective date. 3. ACCOUNTING POLICIES 3.1 Basis of preparation The financial statements of the Group and of the Bank have been prepared on a historical cost basis unless otherwise indicated. 3.2 Statement of compliance The financial statements of the Group and of the Bank have been prepared in accordance with MFRS Accounting Standards, IFRS Accounting Standards and the requirements of the Companies Act 2016 in Malaysia. 3.3 Functional and presentation currency The financial statements are presented in Ringgit Malaysia (“RM”), which is also the Bank’s functional currency and all values are rounded to the nearest thousand (“RM’000”), unless otherwise stated.
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