Registration No. 200301030845 (633265-K) - 29 - 2. Basis of Preparation (Cont’d) (a) Statement of compliance (Cont’d) Standards issued but not yet effective The Group and the Company have not applied the following new MFRSs and amendments to MFRSs that have been issued by MASB but are not yet effective for the Group and the Company: Effective dates for financial periods beginning on or after Annual Improvements to 1 January 2026 MFRS Accounting Standards – Volume 11 Amendments to MFRS 7 and MFRS 9 Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 Amendments to MFRS 7 and MFRS 9 Contracts Referencing Naturedependent Electricity 1 January 2026 MFRS 18 Presentation and Disclosure in Financial Statements 1 January 2027 MFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 121 Translation to a Hyperinflationary Presentation Currency 1 January 2027 MFRS 20 Regulatory Assets and Regulatory Liabilities 1 January 2029 Amendments to MFRS 10 and MFRS 128 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Deferred until further notice The Group and the Company intend to adopt the above new standards and amendments to MFRSs, if applicable, when they become effective. The initial application of the above-mentioned new standards and amendments to standards are not expected to have any significant impact on the financial statements of the Group and of the Company except as disclosed below: MFRS 18 Presentation and Disclosure in Financial Statements MFRS 18 will replace MFRS 101 Presentation of Financial Statements. It preserves the majority requirements of MFRS 101 while introducing additional requirements. In addition, narrow-scope amendments have been made to MFRS 107 Statement of Cash Flows and some requirements of MFRS 101 have been moved to MFRS 108 Basis of Preparation of Financial Statements. NOTES TO THE FINANCIAL STATEMENTS DESTINI BERHAD 142 ANNUAL REPORT 2026
RkJQdWJsaXNoZXIy NDgzMzc=