China Communications Services Corporation Limited Annual Report 2015
170
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
(continued)
IFRS 16 Leases
(continued)
In respect of the lessor accounting, IFRS 16 substantially carries forward the lessor accounting requirements in IAS 17.
Accordingly, a lessor continues to classify its leases as operating leases or finance leases, and to account for those two
types of leases differently.
The directors of the Company anticipate that the application of IFRS 16 in the future may have a material impact on the
amounts reported and/or disclosures made in the Group’s consolidated financial statements. However, it is not practicable
to provide a reasonable estimate of the effect of IFRS 16 until the Group performs a detailed review.
47. IMMEDIATE AND ULTIMATE CONTROLLING PARTY
At 31 December 2015, the directors of the Company consider the immediate and ultimate controlling party of the Group
to be CTC, a stated-owned enterprise established in the PRC. CTC does not produce financial statements available for
public use.
