ANNUAL REPORT 2025 145 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 2. Material accounting policy information (cont'd) 2.2 Changes in accounting policies (cont'd) 2.3 Effective for annual periods Description beginning on or after Amendments to MFRS 9: Financial Instruments and MFRS 7: Financial Instruments: Disclosures - Classification and Measurement of Financial Instruments 1 January 2026 - Contracts Referencing Nature-dependent Electricity 1 January 2026 Annual Improvements to MFRS Accounting Standards - Volume 11 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 19: Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 121: The Effect of Changes in Foreign Exchange Rate - Translation to a Hyperinflationary Presentation Currency 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 MFRS 18 Presentation and Disclosure in Financial Statement The directors are of opinion that the Amendments above did not have any material impact on the financial statements. Standards, Amendments and Annual Improvements issued but not yet effective The Standards, Amendments and Annual Improvements that are issued but not yet effective up to the date of issuance of the Group's and of the Company's financial statements are disclosed below. The Group and the Company intend to adopt these Standards, Amendments and Annual Improvements if applicable, when they become effective. The directors expect that the adoption of the above Standards, Amendments and Annual Improvements will have no material impact on the financial statements in the year of initial application except for the changes in presentation and disclosures of financial information arising from the adoption of these Amendments to MFRS Accounting Standards as discussed below: MFRS 18 will replace MFRS 101 Presentation of Financial Statements. It preserves the majority requirements of MFRS 101 while introducing additional requirements. In addition, narrow-scope amendments have been made to MFRS 107 Statement of Cash Flows and some requirements of MFRS 101 have been moved to MFRS 108 Basis of Preparation of Financial Statements. - 25 -
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