The adoption of new / revised HKFRS: In 2009, the Group adopted the new standards, amendments and interpretations of Hong Kong Financial Reporting Standards (“HKFRS”) below, which are relevant to its operations.
Annual improvements to HKFRS published in October 2008
HKAS 1 Amendment Presentation of Financial Statements HKAS 10 Amendment Events after the Reporting Period HKAS 16 Amendment Property, Plant and Equipment HKAS 19 Amendment Employee Benefits HKAS 23 Amendment Borrowing Costs HKAS 27 Amendment Consolidated and Separate Financial Statements HKAS 28 Amendment Investments in Associates HKAS 34 Amendment Interim Financial Reporting HKAS 36 Amendment Impairment of Assets HKAS 39 Amendment Financial Instruments: Recognition and Measurement HKAS 40 Amendment Investment Property HKFRS 7 Amendment Financial Instruments: Disclosures
Standards, interpretations and amendments to existing standards that are not yet effective
Effective for accounting periods beginning on or after
HKAS 27 (Revised) Consolidated and Separate Financial Statements 1st July 2009 HKFRS 3 (Revised) Business Combinations 1st July 2009 HK(IFRIC) - Int 17 Distributions of non-cash assets to owners 1st July 2009 HKAS 7 Amendment Statement of Cash Flows 1st January 2010 HKAS 17 Amendment Leases 1st January 2010 HKAS 36 Amendment Impairment of Assets 1st January 2010 HKFRS 8 Amendment Operating Segments 1st January 2010
