4.1 Standards issued but not yet effective

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Standards issued but not yet effective

A number of new standards and amendments to standards are effective for annual periods beginning after 1 January 2021 and earlier application is permitted; however, the Group has not early adopted the new and amended standards in preparing these consolidated financial statements.

The following new and amended standards are not expected to have a significant impact on the

Group’s consolidated financial statements.

  • Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37)
  • COVID-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16)
  • Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16)
  • Reference to Conceptual Framework (Amendments to IFRS 3)
  • Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
  • IFRS 17 Insurance Contracts and amendments to IFRS 17
  • Classification of liabilities as current or non-current (Amendments to IAS 1)



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