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127
Financial
Statements
& Others
Gamuda Berhad (29579-T)
Annual Report 2013
2. Summary of significant accounting policies (cont’d.)
2.2 Changes in accounting policies (cont’d.)
The adoption of the standards and interpretations above did not have any significant impact on the financial
statements of the Group and of the Company.
2.3 Standards issued but not yet effective
The Group and the Company have not adopted the following standards and intepretations that have been
issued but not yet effective:
Effective for annual periods beginning on or after 1 January 2013:
FRS 10
Consolidated Financial Statements
FRS 11
Joint Arrangements
FRS 12
Disclosure of interests in Other Entities
FRS 13
Fair Value Measurement
FRS 119
Employee Benefits
FRS 127
Separate Financial Statements
FRS 128
Investment in Associates and Joint Ventures
IC interpretation 20
Stripping costs in the Production Phase of a Surface Mine
Amendments to FRS 1
Government Loans
Amendments to FRS 7
Disclosures - Offsetting Financial Assets and Financial Liabilities
Amendments to FRSs
‘Improvements to FRSs (2012)’
Amendments to FRS 10,
Consolidated Financial Statements, Joint Arrangements and Disclosures of
FRS 11 and FRS 12
Interests in Other Entities: Transition Guidance
Amendments to FRS 101
Presentation of Financial Statement (Improvements to FRSs (2012))
Amendments to FRS 116
Property, Plant and Equipment (Improvements to FRSs (2012))
Amendments to FRS 132
Financial Instruments: Presentation (Improvements to FRSs (2012))
Amendments to FRS 134
Interim Financial Reporting (Improvements to FRSs (2012))
Amendments to IC
Member’s shares in Co-operative Entities and Similar Instruments
Interpretation 2
(Improvements to FRSs (2012))
Effective for annual periods beginning on or after 1 January 2014:
Amendments to FRS 132
Offsetting Financial Assets and Financial Liabilities
Amendments to FRS 10,
Investment Entities
FRS 12 and FRS 127
FRS 136
Recoverable Amount Disclosures for Non-Financial Assets
(Amendments to FRS 136)
FRS 139
Novation of Derivatives and Continuation of Hedge Accounting
(Amendments to FRS 139)
IC Interpretation 21
Levies
Notes to the Financial Statements
31 July 2013