ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 191 INTEGRATED ANNUAL REPORT 2026 4. STANDARDS, AMENDMENTS TO PUBLISHED STANDARDS AND INTERPRETATIONS TO EXISTING STANDARDS THAT ARE APPLICABLE TO THE GROUP AND THE COMPANY BUT NOT YET EFFECTIVE (CONTINUED) (a) Financial year beginning on/after 1 February 2026 (continued) (vi) Annual Improvements to MFRS Accounting Standards—Volume 11: Amendments to MFRS 107 “Statement of Cash Flows” The amendments provide guidance on the classification of cash flows arising from certain transactions, including cash receipts and payments that may involve multiple classifications. This refinement aims to align practice with the underlying principles of MFRS 107. The improvements also introduce enhanced disclosure requirements to ensure better transparency in the presentation of operating, investing, and financing activities. (vii) Amendments to MFRS 9 and MFRS 7 “Contracts Referencing Nature-dependent Electricity” The amendments provide guidance on the MFRS 9 ‘own-use exemption’ for contracts to buy and take delivery of electricity that expose an entity to variability in the underlying amount of electricity because the source of its generation depends on uncontrollable natural conditions e.g. the weather (‘contracts referencing naturedependent electricity’). The amendments also permit hedge accounting in MFRS 9 if these contracts referencing nature-dependent electricity are used as hedging instruments and add new MFRS 7 disclosure requirements to enable users to understand the effects of these contracts on an entity’s financial performance and cash flows. The above improvement and amendment are not expected to have a material impact on the Group’s financial statements. (b) Financial year beginning on/after 1 February 2027 (i) MFRS 18 “Presentation and Disclosure in Financial Statements” The amendments refine the classification and measurement of financial instruments, enhancing the consistency and transparency of financial reporting. This standard focuses on providing clearer guidance on the classification of financial assets and liabilities, taking into account the entity’s business model and the cash flow characteristics of the financial instruments. The adoption of MFRS 18 will have no impact on the Group and the Company’s net profit but will result in the changes of presentation of income statements on the grouping of income and expenses categories, as well as additional disclosure on management-defined performance measures. Management is currently assessing the detailed implications of applying MFRS 18 on the Group’s consolidated financial statements.
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