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77Consolidated Financial Statements Summary and Notes
2. Changes in accounting policies
The IASB has issued the following amendments to IFRSs and one new Interpretation that are first effective for the
current accounting period of the Group.
• Amendments to IFRS 10, IFRS 12 and IAS 27, Investment entities
• Amendments to IAS 32, Offsetting financial assets and financial liabilities
• Amendments to IAS 36, Recoverable amount disclosures for non-financial assets
• Amendments to IAS 39, Novation of derivatives and continuation of hedge accounting
• IFRIC 21, Levies
The Group has not applied any new standard or interpretation that is not yet effective for the current accounting
period. Impacts of the adoption of the new or amended IFRSs are discussed below:
Amendments to IFRS 10, IFRS 12 and IAS 27, Investment entities
The amendments provide consolidation relief to those parents which qualify to be an investment entity as defined
in the amended IFRS 10. Investment entities are required to measure their subsidiaries at fair value through profit
or loss. These amendments do not have an impact on the consolidated financial statements as the Company does
not qualify to be an investment entity.
Amendments to IAS 32, Offsetting financial assets and financial liabilities
The amendments to IAS 32 clarify the offsetting criteria in IAS 32. The amendments do not have a significant impact
on the consolidated financial statements as they are consistent with the policies already adopted by the Group.
Amendments to IAS 36, Recoverable amount disclosures for non-financial assets
The amendments to IAS 36 modify the disclosure requirements for impaired non-financial assets. Among them,
the amendments expand the disclosures required for an impaired asset or cash-generating unit whose recoverable
amount is based on fair value less costs of disposal. The adoption of the amendments does not have an impact on
the consolidated financial statements because the Group does not have an impaired asset or cash-generating unit
whose recoverable amount is based on fair value less costs of disposal during the periods presented.
Amendments to IAS 39, Novation of derivatives and continuation of hedge accounting
The amendments to IAS 39 provide relief from discontinuing hedge accounting when novation of a derivative
designated as a hedging instrument meets certain criteria. The amendments do not have an impact on the
consolidated financial statements as the Group has not novated any of its derivatives.
IFRIC 21, Levies
The Interpretation provides guidance on when a liability to pay a levy imposed by a government should be
recognised. The amendments do not have an impact on the consolidated financial statements as the guidance is
consistent with the Group's existing accounting policies.