Standards, interpretations and amendments to published standards effective for the year ended 31 December 2017
During the financial year, the following new and revised accounting standards, amendments to standards and new interpretations were adopted by the Group:
|
Standard(s) Amendment(s) Interpretation(s) |
Nature of the Change |
Salient features of the changes |
Impact on financial position or performance |
|||
| IAS 7 Statement of cash flows | Amendments |
• The amendments require disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flow and non-cash changes. |
No impact | |||
| IAS 12 Income taxes | Amendments |
• The amendments provide additional guidance on the existence of deductible temporary differences; and
• The amendments also provide additional guidance on the methods used to calculate future taxable profit to establish whether a deferred tax asset can be recognised. |
No impact |