China Communications Services Corporation Limited Annual Report 2015
167
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
46. POSSIBLE IMPACT OF AMENDMENTS TO STANDARDS, NEW STANDARDS AND
INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE ANNUAL
ACCOUNTING YEAR ENDED 31 DECEMBER 2015
Up to the date of issue of these consolidated financial statements, the IASB has issued the following amendments to
standards and new standards which are not yet effective for the year ended 31 December 2015 and which have not been
adopted in these consolidated financial statements.
IFRS 9
Financial Instruments
1
IFRS 15
Revenue from Contracts with Customers
1
IFRS 16
Leases
2
Amendments to IFRS 11
Accounting for Acquisitions of Interests in Joint Operations
3
Amendments to IAS 1
Disclosure Initiative
3
Amendments to IAS 16 and IAS 38
Clarification of Acceptable Methods of Depreciation and Amortisation
3
Amendments to IFRSs
Annual Improvements to IFRSs 2012–2014 Cycle
3
Amendments to IAS 16 and IAS 41
Agriculture: Bearer Plants
3
Amendments to IFRS 10 and IAS 28
Sale or Contribution of Assets between an Investor and
its Associate or Joint Venture
4
Amendments to IFRS 10, IFRS 12 and IAS 28 Investment Entities: Applying the Consolidation Exception
3
Amendments to IAS 7
Disclosure Initiative
5
Amendments to IAS 12
Recognition of Deferred Tax Assets for Unrealised Losses
5
1
Effective for annual periods beginning on or after 1 January 2018
2
Effective for annual periods beginning on or after 1 January 2019
3
Effective for annual periods beginning on or after 1 January 2016
4
Effective for annual periods beginning on or after a date to be determined
5
Effective for annual periods beginning on or after 1 January 2017
Except for those described below, the directors of the Company do not anticipate that the application of the new and
revised IFRSs above will have a material effect on the Group’s consolidated financial statements.
IFRS 9 Financial Instruments
IFRS 9 issued in 2009 introduced new requirements for classification and measurement of financial assets. IFRS 9 was
subsequently amended in 2010 to include requirements for the classification and measurement of financial liabilities and
for derecognition, and further amended in 2013 to include the new requirements for general hedge accounting. Another
revised version of IFRS 9 was issued in 2014 mainly to include (a) impairment requirements for financial assets and (b)
limited amendments to the classification and measurement category for certain simple debt instruments.
