Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
ANNUAL REPORT 2015
42
BUILDING ON OUR EXTENSIVE NETWORK
2.
Summary of significant accounting policies (cont’d)
2.3
Standards issued but not yet effective
The Group has not adopted the following standards that have been issued but not yet effective:
Description
Effective for annual
periods beginning
on or after
Amendments to FRS 19 Defined Benefit Plans: Employee Contributions
1 July 2014
Improvements to FRSs (January 2014):
– Amendments to FRS 102 Share-based Payment
1 July 2014
– Amendments to FRS 103 Business Combinations
1 July 2014
– Amendments to FRS 108 Operating Segments
1 July 2014
– Amendments to FRS 16 Property, Plant and Equipment
1 July 2014
– Amendments to FRS 24 Related Party Disclosures
1 July 2014
– Amendments to FRS 38 Intangible Assets
1 July 2014
Improvements to FRSs (February 2014)
– Amendments to FRS 103
Business Combinations
1 July 2014
– Amendments to FRS 113
Fair Value Measurement
1 July 2014
– Amendments to FRS 40
Investment Property
1 July 2014
FRS 114 Regulatory Deferral Accounts
1 January 2016
Amendments to FRS 27 Equity Method in Separate Financial Statements
1 January 2016
Amendments to FRS 16 Property, Plant and Equipment and FRS 38 Intangible Assets
1 January 2016
Amendments to FRS 16 Property, Plant and Equipment and FRS 41 Agriculture
1 January 2016
Amendments to FRS 111 Joint Arrangements
1 January 2016
Amendments to FRS 110 and FRS 28 Sale or Contribution of Assets between an Investor
and its Associate or Joint Venture
1 January 2016
Improvements to FRSs (November 2014)
– Amendments to FRS 105 Non-current Assets Held for Sale and Discontinued
Operations
1 January 2016
– Amendments to FRS 107 Financial Instruments
1 January 2016
– Amendments to FRS 19 Employee Benefits
1 January 2016
– Amendments to FRS 34 Interim Financial Reporting
1 January 2016
Amendments to FRS 1: Disclosure Initiative
1 January 2016
Amendments to FRS 110, FRS 112 and FRS 28: Investment Entities: Applying the
Consolidation Exception
1 January 2016
FRS 115 Revenue from Contracts with Customers
1 January 2017
FRS 109 Financial Instruments
1 January 2018
The directors expect that the adoption of the standards above will have no material impact on the
financial statements in the period of initial application.
