54
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
2.3 Standards issued but not yet effective
The Group has not adopted the following standards that have been issued but not yet effective:
Description
Effective for annual
periods beginning
on or after
Amendments to FRS 19 Defined Benefit Plans: Employees Contributions
1 July 2014
Improvements to FRSs (January 2014)
(a) Amendments to FRS 102 Share Based Payment
1 July 2014
(b) Amendments to FRS 103 Business Combinations
1 July 2014
(c) Amendments to FRS 108 Operating Segments
1 July 2014
(d) Amendments to FRS 24 Related Party Disclosures
1 July 2014
(e) Amendments to FRS 16, Property, Plant and Equipment and FRS
38 Intangible Assets
1 July 2014
Improvements to FRSs (February 2014)
(a) Amendments to FRS 103 Business Combinations
1 July 2014
(b) Amendments to FRS 113 Fair Value Measurement
1 July 2014
Amendments to FRS 27: Equity Method in Separate Financial Statements
1 January 2016
Amendments to FRS 16 and FRS 38: Clarification of Acceptable Methods
of Depreciation and Amortisation
1 January 2016
Amendments to FRS 111: Accounting for Acquisitions of Interests in Joint
Operations
1 January 2016
Improvements to FRSs (November 2014)
(a) Amendments to FRS 105 Non-current Assets Held for Sale and
Discontinued Operations
1 January 2016
(b) Amendments to FRS 107 Financial Instruments: Disclosures
1 January 2016
(c) Amendments to FRS 19 Employee Benefits
1 January 2016
Amendments to FRS 110 & FRS 28 Sale or Contribution of Assets
between an Investor and its Associate or Joint Venture
1 January 2016
Amendments to FRS 1: Disclosure Initiative
1 January 2016
Amendments to FRS 110, FRS 112 and FRS 28: Investment Entities:
Applying the Consolidation Exception
1 January 2016
FRS 115 Revenue from Contracts with Customers
1 January 2017
FRS 109 Financial Instruments
1 January 2018
