2) BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS
(Cont’d)
Standards issued but not yet effective
As at the date of authorisation for issue of these financial statements, the following Standards,
Amendments and Annual Improvements have been issued by Malaysian Accounting Standards
Board (“MASB”) but are not yet effective and have not been adopted by the Group and the
Company:
Effective for financial period beginning on or after 1st July 2014
Amendments to MFRS 119 Defined Benefit Plans: Employee Contribution
Annual Improvements to MFRSs 2010–2012 Cycle
Annual Improvements to MFRSs 2011–2013 Cycle
Effective for financial period beginning on or after 1st January 2016
MFRS 14
Regulatory Deferral Accounts
Amendments to MFRS 11 Accounting for Acquisitions of Interests in Joint Operations
Amendments to MFRS 101 Disclosure Initiaitve
Amendments to MFRS 119 Defined Benefit Plans: Employee Contributions
Amendments to MFRS 127 Equity Method in Separate Financial Statements
Annual Improvements to MFRSs 2010-2012 Cycle
Annual Improvements to MFRSs 2011-2013 Cycle
Amendments to MFRS 10
Sale or Contribution of Assets between an Investor and its
and MFRS 128
Associate or Joint Venture
Amendments to MFRS 10, Investment Entities: Applying the Consolidation Exception
MFRS 12 and MFRS 128
Amendments to MFRS 116 Clarification of Acceptable Methods of Depreciation and
and MFRS 138
Amortisation
Amendments to MFRS 116 Agriculture: Bearer Plants
and MFRS 141
Annual Improvements to MFRSs 2012–2014 Cycle
Effective for financial period beginning on or after 1st January 2017
MFRS 15
Revenue from Contracts with Customers
Effective for financial period beginning on or after 1st January 2018
MFRS 9
Financial Instruments (IFRS 9 as issued by International
Accounting Standards Board (“IASB”) in July 2014)
Asia Media Group Berhad Annual Report 2014
78
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
