POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS, INTERPRETATIONS AND DISCLOSURES ISSUED BUT NOT YET EFFECTIVE OR MANDATORY FOR THE YEAR ENDED DECEMBER 31, 2020

12 Months Ended

Dec. 31, 2020

Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective Or Mandatory for the Year Ended December 31, 2020

42	POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS, INTERPRETATIONS AND DISCLOSURES ISSUED BUT NOT YET EFFECTIVE OR MANDATORY FOR THE YEAR ENDED DECEMBER 31, 2020

Up to the date of issue of these consolidated financial statements, the IASB has issued a number of amendments and new standards and interpretations which are not yet effective or mandatory for the year ended December 31, 2020 and which have not been adopted in these consolidated financial statements. Of these developments, the following relate to matters that may be relevant to the Group’s operations and financial statements:


	Effective for accounting periods beginning on or after
IFRS 17 “Insurance Contracts”		January 1, 2023
Amendments to IFRS 16 “Lease” - Covid-19-related Rent Concessions		June 1, 2020
Amendments to IAS 1 “Presentation of Financial Statements” - Classification of Liabilities as Current or Non-current		January 1, 2023
Amendments to IAS 16 “Property, Plant and Equipment” - Property, Plant and Equipment: Proceeds before intended use		January 1, 2022
Amendments to IFRS 3 “Business Combinations” - Reference to the Conceptual Framework		January 1, 2022
Amendments to IAS 37 “Provisions, Contingent Liabilities and Contingent Assets” - Onerous Contracts – Cost of Fulfilling a Contract		January 1, 2022
Annual Improvements to IFRS Standards 2018-2020		January 1, 2022
Amendments to IFRS 10 “Consolidated financial statements” and IAS 28 “Investments in associates and joint ventures” - Sale or contribution of assets between an investor and its associate or joint venture		To be determined

Management is assessing the impact of such new standards and amendments to standards and will adopt the relevant standards and amendments to standards in the subsequent periods as required.