NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
58
2.2 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES
(continued)
(g)
The
Annual Improvements to IFRSs 2011-2013 Cycle
issued in December 2013 sets out amendments to
a number of IFRSs. None of the amendments are expected to have a significant financial impact on the
Group. Details of the amendment most applicable to the Group are as follows:
t
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13 can be applied not only to financial assets and financial liabilities, but also to other contracts
within the scope of IFRS 9 (or IAS 39, as applicable). The Group does not apply the portfolio
exception in IFRS 13.
t
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between investment property and owner-occupied property (i.e., property, plant and equipment).
The amendment is applied prospectively and clarifies that IFRS 3, and not the description of ancillary
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DPNCJOBUJPO *O QSFWJPVT QFSJPET UIF (SPVQ IBT SFMJFE PO *'34 OPU *"4 JO EFUFSNJOJOH
whether an acquisition is of an asset or is a business acquisition. Thus, this amendment does not
impact the accounting policy of the Group.
2.3 IMPACT OF ISSUED BUT NOT YET EFFECTIVE IFRSs
The Group has not applied the following new and revised IFRSs, that have been issued but are not yet effective,
in these financial statements.
IFRS 9
Financial Instruments
3
Amendments to IFRS 10
Sale or Contribution of Assets between an Investor and its
BOE *"4
Associate or Joint Venture
1
Amendments to IFRS 10,
Investment Entities: Applying the Consolidation Exception
1
*'34 BOE *"4
Amendments to IFRS 11
Accounting for Acquisitions of Interests in Joint Operations
1
*'34
Regulatory Deferral Accounts
IFRS 15
Revenue from Contracts with Customers
3
Amendments to IAS 1
Disclosure Initiative
1
Amendments to IAS 16
Clarification of Acceptable Methods of Depreciation and
BOE *"4
Amortisation
1
Amendments to IAS 16
Agriculture: Bearer Plants
1
BOE *"4
Amendments to
Equity Method in Separate Financial Statements
1
IAS 27
Annual Improvements
Amendments to a number of IFRSs
1
2012-2014 Cycle
1
Effective for annual periods beginning on or after 1 January 2016
2
Effective for annual periods beginning on or after 1 January 2017
3
&GGFDUJWF GPS BOOVBM QFSJPET CFHJOOJOH PO PS BGUFS +BOVBSZ
Effective for an entity that first adopts IFRSs for its annual financial statements beginning on or after 1 January 2016
and therefore is not applicable to the Group
