## 3. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): 

(r) New standards and interpretations not yet adopted: 

 A number of new standards, and amendments to standards and interpretations, are not yet effective for the year ended September 28, 2013 and have not been applied in preparing these consolidated financial statements. New standards and amendments to standards and interpretations that are currently under review include: 

(i) IAS 19, Employee benefits: 

 Amendments to IAS 19, Employee Benefits , include the elimination of the option to defer the recognition of gains and losses, enhancing the guidance around measurement of plan assets and defined benefit obligations, streamlining the presentation of changes in assets and liabilities arising from defined benefit plans and the introduction of enhanced disclosures for defined benefit plans. The amendments are effective for annual periods beginning on or after January 1, 2013. The Company intends to adopt the amendments in its consolidated financial statements for the annual period beginning September 29, 2013. The impact of this new standard retrospectively applied to the consolidated financial statements of the Company for 2013, once adopted in 2014 is as follows: 

• Increase in pension expense of $1.0 million; 

• Decrease in deferred income tax expense of $0.3 million; 

• Increase of other comprehensive income of $0.7 million, net of taxes. 

(ii) IFRS 10, Consolidated Financial Statements: 

 This standard provides additional guidance to determine whether an entity should be included within the consolidated financial statements of the Company. IFRS 10 replaces SIC 12,  Consolidation - Special Purpose Entities, and parts of IAS 27, Consolidated and Separate Financial Statements.  This standard is required to be adopted for annual periods beginning January 1, 2013. The Company intends to adopt the amendments in its consolidated financial statements for the annual period beginning September 29, 2013. The adoption of IFRS 10,  Consolidated Financial Statements,  is not expected to have a material impact on the consolidated financial statements of the Company. 

(iii) IFRS 13, Fair value measurement: 

 This standard provides new guidance on fair value measurement and disclosure requirements, which becomes effective for annual periods commencing on or after January 1, 2013. The Company intends to adopt the amendments in its consolidated financial statements for the annual period beginning September 29, 2013. The adoption of IFRS 13, Fair value measurement  is not expected to have a material impact on the consolidated financial statements of the Company. 

