Singapore Airlines 2007 Annual Report Download - page 93

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Singapore Airlines 91 Annual Report 2006-07
2 Accounting Policies (continued)
(ae)
FRS and INT FRS not yet effective
The Group has not applied the following FRS and INT FRS that have been issued but not yet effective:
Effective date
(Annual periods
beginning on or after)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
FRS 1 : Amendment to FRS 1 (revised), Presentation of Financial Statements
(Capital Disclosures) 1 January 2007
FRS 40 : Investment Property 1 January 2007
FRS 107 : Financial Instruments: Disclosures 1 January 2007
FRS 108 : Operating Segments 1 January 2009
INT FRS 108 : Scope of FRS 102, Share-based Payment 1 May 2006
INT FRS 109 : Reassessment of Embedded Derivatives 1 June 2006
INT FRS 110 : Interim Financial Reporting and Impairment 1 November 2006
INT FRS 111 : Group and Treasury Share Transactions 1 March 2007
INT FRS 112 : Service Concession Arrangements 1 January 2008
The adoption of the above pronouncements is not expected to have material impact to the fi nancial statements in
the period of initial application, except for FRS 107 and the amendment to FRS 1 as indicated below.
FRS 107, Financial Instruments: Disclosures and Amendment to FRS 1 (revised), Presentation of Financial
Statements (Capital Disclosures)
FRS 107 introduces new disclosures to improve the information about fi nancial instruments. It requires the disclosure
of qualitative and quantitative information about exposure to risks arising from fi nancial instruments, including
specifi ed minimum disclosures about credit risk, liquidity risk and market risk, including sensitivity analysis to
market risk. The amendment to FRS 1 requires the Group to make new disclosures to enable users of the fi nancial
statements to evaluate the Group’s objectives, policies and processes for managing capital. The Group will apply
FRS 107 and the amendment to FRS 1 from annual period beginning 1 April 2007.
NOTES TO THE FINANCIAL STATEMENTS
31 March 2007