notes to the financial statements 31 march 2025 (cont’d.) 2. Summary of material accounting policies (cont'd.) 2.3 Standards issued but not effective The standards that are issued but not yet effecঞve up to the date of issuance of the financial statements are disclosed below. The Group and the Company intend to adopt these standards, if applicable, when they become effecঞve. Description Effective for annual periods beginning on or after Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates (Lack of Exchangeability) 1 January 2025 Amendments to MFRS 9 and MFRS 7 Financial Instruments and Financial Instruments: Disclosures - Classificaঞon and Measurement of Financial Instruments 1 January 2026 Amendments to MFRSs Annual Improvements to MFRS Accounঞng Standards - Volume 11 - Amendments to MFRS 1 First-ঞme Adopঞon of Malaysian Financial Reporঞng Standards - Amendments to MFRS 7 Financial Instruments: Disclosures - Amendments to MFRS 9 Financial Instruments - Amendments to MFRS 10 Consolidated Financial Statements - Amendments to MFRS 107 Statement of Cash Flows 1 January 2026 MFRS 18 Presentaঞon and Disclosure in Financial Statements 1 January 2027 MFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 10 Consolidated Financial Statements: Sale of Contribuঞon of Assets between an Investor and its Associate or Joint Venture Deferred Amendments to MFRS 128 Investments in Associates and Joint Ventures: Sale or Contribuঞon of Assets between an investor and its Associate or Joint Venture Deferred The Group and the Company are expected to adopt the abovemenঞoned amended standards when the amended date become effecঞve. The iniঞal applicaঞon of the abovemenঞoned amended standards is not expected to have any material impacts to the financial statements of the Group and the Company besides the below. The Group and the Company are currently assessing the impact of MFRS 18, parঞcularly with respect to the structure of the statements of comprehensive income, the statements of cash flows, and the addiঞonal disclosures required for Management- defined Performance Measures ("MPMs"). The Group and the Company are also assessing the impact on aggregaঞon and disaggregaঞon on how informaঞon is grouped in the financial instruments. 164 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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