The standards, interpretations and amendments listed below will only be effective in future reporting periods. It is
expected that the Group will adopt the pronouncements on their respective effective dates. The amendments are
not expected to have a material impact on the Group.
| IAS 12 (Income Taxes) |
|
|
Amendments regarding deferred tax related to assets and liabilities arising
from a single transaction |
Year ending 31 May 2024 |
| IAS 1 (Presentation of Financial Statements) |
|
|
‘Presentation of Financial Statements’ on Classification of Liabilities as Current
or Non-current |
Year ending 31 May 2024 |
| Narrow scope amendments to IAS 1 ‘Presentation of Financial Statements’, Practice
statement 2 and IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and
Errors’ |
Year ending 31 May 2024 |
| IFRS 7 (Financial Instruments) |
|
| Requires a company to disclose specific information about its supplier finance
arrangements that enables users of financial statements to assess the effects of
those arrangements on the Company’s liabilities and cash flows and on the
Company’s exposure to liquidity risk. |
Year ending 31 May 2025 |
| IAS 16 (Property, Plant and Equipment) |
|
|
Amendment to Lease Liability in a Sale and Leaseback. The new requirement does
not prevent the seller-lessee from recognising in profit or loss any gain or loss
relating to the partial or full termination of a lease. |
Year ending 31 May 2025 |
| IAS 7 (Statement of Cash Flows) |
|
| Requires a company to disclose specific information about its supplier finance
arrangements that enables users of financial statements to assess the effects of
those arrangements on the Company’s liabilities and cash flows and on the
Company’s exposure to liquidity risk. |
Year ending 31 May 2025 |
