Application of New Standards, Amendments and Interpretations

12 Months Ended

Dec. 31, 2025

Disclosure of initial application of standards or interpretations [abstract]

Application of New Standards, Amendments and Interpretations

3(1) New and amended International Financial Reporting Standards (“IFRS Accounting Standards”) adopted by the Group

New standards, interpretations and amendments issued by International Accounting Standards Board (the “IASB”) and became effective from 2025 are as follows:


New Standards, Interpretations and Amendments						Effective date by IASB
Amendments to IAS 21, ‘Lack of exchangeability’						January 1, 2025

The above standards and interpretations had no significant impact to the Group’s financial condition and financial performance based on the Group’s assessment.

3(2) New and amended IFRS Accounting Standards not yet adopted

New standards, interpretations and amendments which have been published by IASB but are not mandatory for the financial period ended December 31, 2025 are listed below:


New Standards, Interpretations and Amendments						Effective date by IASB
Amendments to IFRS 10 and IAS 28, ‘Sale or contribution of assets between an investor and its associate or joint venture’						To be determined by IASB
Specific provisions of Amendments to IFRS 9 and IFRS 7, ‘Amendments to the classification and measurement of financial Instruments’						January 1, 2026
Amendments to IFRS 9 and IFRS 7, ‘Contracts referencing nature-dependent electricity’						January 1, 2026
Annual Improvements to IFRS Accounting Standards - Volume 11						January 1, 2026
IFRS 18, ‘Presentation and disclosure in financial statements’						January 1, 2027
Amendments to IAS 21, ‘Translation to a Hyperinflationary Presentation Currency’						January 1, 2027

Except for the following, the above standards and interpretations are not expected to have significant impact to the Group’s financial position and financial performance based on the Group’s assessment.

IFRS 18, ‘Presentation and disclosure in financial statements’

IFRS 18, ‘Presentation and disclosure in financial statements’ replaces IAS 1. The standard introduces a defined structure of the statement of profit or loss, disclosure requirements related to management-defined performance measures, and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes.