2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
2.3 Standards issued but not yet effective
The standards and interpretations that are issued but not yet effective up to the date of issuance of the Group’s and of
the Company’s financial statements are disclosed below. The Group and the Company intend to adopt these standards, if
applicable, when they become effective.
Description
Effective for annual periods
beginning on or after
Amendments to MFRS 119: Defined Benefit Plans: Employee
Contributions
1 July 2014
Annual Improvements to MFRSs 2010–2012 Cycle
1 July 2014
Annual Improvements to MFRSs 2011–2013 Cycle
1 July 2014
Annual Improvements to MFRSs 2012–2014 Cycle
1 January 2016
Amendments to MFRS 116 and MFRS 138: Clarification of Acceptable Methods of
Depreciation and Amortisation
1 January 2016
Amendments to MFRS 116 and MFRS 141: Agriculture: Bearer Plants
1 January 2016
Amendment to MFRS 10 and MFRS 128: Sales or Contribution of Assets between an
Investor and its Associate or Joint Venture
1 January 2016
Amendment to MFRS 11: Accounting for Acquisitions of Interests in Joint Operations
1 January 2016
Amendments to MFRS 127: Equity Method in Separate Financial Statements
1 January 2016
Amendments to MFRS 101: Disclosure Initiatives
1 January 2016
Amendment to MFRS 10, MFRS 12 and MFRS 128: Investment Entities: Applying the
Consolidation Exception
1 January 2016
MFRS 14 Regulatory Deferral Accounts
1 January 2016
MFRS 15 Revenue from Contracts with Customers
1 January 2017
MFRS 9 Financial Instruments
1 January 2018
Amendments to MFRS 119 Defined Benefit Plans: Employee Contributions
The amendments to MFRS 119 clarify how an entity should account for contributions made by employees or third parties
to defined benefit plans, based on whether those contributions are dependent on the number of years of service provided
by the employee. For contributions that are independent of the number of years of service, an entity is permitted to
recognise such contributions as a reduction in the service cost in the period in which the service is rendered, instead of
allocating the contributions to the periods of service. For contributions that are dependent on the number of years of
service, the entity is required to attribute them to the employees’ periods of service.
The directors of the Company do not anticipate that the application of these amendments will have a significant impact
on the Group’s and the Company’s financial statements.
211
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
KPJ Healthcare Berhad annual report
2014
