185 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD 2. BASIS OF PREPARATION (CONT’D) 2.5 Adoption of amendments to MFRSs At the beginning of the current financial year, the Group and the Company adopted the following amendments to MFRSs which are mandatory for the financial period beginning on or after 1 January 2025:- • Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Lack of Exchangeability The above amendments to MFRSs did not have material impact to the financial statements of the Group and of the Company. 2.6 Standards issued not yet effective The new and amended standards that are issued, but not yet effective, up to the date of issuance of the Group’s and the Company’s financial statements are disclosed below:- Effective for financial period beginning on or after 1 January 2026 • Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Amendments to the Classification and Measurement of Financial Instruments • Amendments that are part of Annual Improvement-Volume 11: - Amendments to MRFS 1 First-time Adoption of Malaysian Financial Reporting 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 • Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures – Contract Referencing Nature-dependent Electricity Effective for financial period beginning on or after 1 January 2027 • MFRS 18 Presentation and Disclosure in Financial Statements • MFRS 19 Subsidiaries without Public Accountability: Disclosures • Amendments to MFRS 19 Subsidiaries without Public Accountability: Disclosures • Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency
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