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2008/09 Annual Report Lenovo Group Limited
81
1 Basis of preparation (continued)
– HKFRS 7 (Amendment), “Financial instruments: Disclosures”, amendment on improving disclosures about financial
instruments issued in March 2009, effective for annual periods beginning on or after January 1, 2009
– HKFRS 8, “Operating segments”, effective for annual periods beginning on or after January 1, 2009
– HKAS 1 (Revised), “Presentation of financial statements”, effective for annual periods beginning on or after January 1,
2009
– HKAS 23 (Revised), “Borrowing costs”, effective for annual periods beginning on or after January 1, 2009
– HKAS 27 (Revised), “Consolidated and separate financial statements”, effective for annual periods beginning on or after
July 1, 2009
– HKAS 32 (Amendment), “Financial instruments: Presentation”, effective for annual periods beginning on or after January
1, 2009
– HKAS 39 (Amendment), “Financial instruments: Recognition and measurement”, amendment on eligible hedged items,
effective for annual periods beginning on or after July 1, 2009
– HKAS 39 (Amendment), “Financial instruments: Recognition and measurement”, amendment on embedded derivatives,
apply retrospectively for annual periods ending on or after June 30, 2009
– HK(IFRIC)-Int 2 (Amendment), “Members’ shares in co-operative entities and similar instruments”, effective for annual
periods beginning on or after January 1, 2009
– HK(IFRIC)-Int 9 (Amendment), “Reassessment of Embedded Derivatives”, apply retrospectively for annual periods ending
on or after June 30, 2009
– HK(IFRIC)-Int 13, “Customer loyalty programmes”, effective for annual periods beginning on or after July 1, 2008
– HK(IFRIC)-Int 15, “Agreements for the construction of real estate”, effective for annual periods beginning on or after
January 1, 2009
– HK(IFRIC)-Int 16, “Hedges of a net investment in a foreign operation”, effective for annual periods beginning on or after
October 1, 2008
– HK(IFRIC)-Int 17, “Distributions of non-cash assets to owners”, effective for annual periods beginning on or after July 1,
2009
– HK(IFRIC)-Int 18, “Transfers of assets from customers”, effective for annual periods beginning on or after July 1, 2009
The improvements to HKFRSs, published in October 2008 (effective for annual periods beginning on or after January 1 or July
1, 2009), do not have material impact on the Group’s financial statements.
The effect on the adoption of HKFRS 3 (Revised) and HKAS 27 (Revised) to the results and financial position of the Group
when they become effective will depend on the incidence and timing of business combinations occurring on or after April 1,
2010.
The Group is currently assessing the impact of the adoption of the other new standards, amendments to standards and
interpretations above that are applicable to the Group in future periods.