Kohinoor Spinning Mills Limited Annual Report 2014 Effective date (annual reporting periods beginning on or after) IFRS-2 Share-based Payments (Amendments) July 1, 2014 IFRS-3 Business Combinations (Amendments) July1,2014 IFRS-8 July 1, 2014 Operating Segments (Amendments) IFRS-14 Regulatory Deferral Accounts January 01, 2016 IFRS-15 Revenue from Contracts with Customers January 01, 2017 IAS-16 Property, Plant & Equipment (Amendments) July 1, 2014 & January 01, 2016 IAS-19 Employees Benefits: (Amendments) July 1, 2014 IAS-24 Related Party Disclosures (Amendments) July 1, 2014 IAS-32 January 01, 2014 Financial Instruments: Presentation (Amendments) IAS-36 January 01, 2014 Impairment of assets (Amendments) IAS-38 January 01, 2016 Intangible Assets (Amendments) IAS-39 January 01, 2014 Financial Instruments: Recognition and Measurement (Amendments) IAS-40 Investment Property (Amendments) July-1, 2014 IAS-41 Agriculture (Amendments) January 01, 2016 IFRIC 21 Levies January 01, 2014 The management anticipates that adoption of above standards, amendments and interpretations in future periods will have I no material impact on the Company's financial statements other than in presentation disclosures. Further, the following new standards and interpretations have been issued by the International Accounting Standards Board (IASB), which have not been notified upto June 30, 2014 by the Securities and Exchange Commission of Pakistan, for the purpose of their applicability in Pakistan: - IFRS-1 First-time adoption of International Financial Reporting standards - IFRS-9 Financial instruments - IFRS-10 Consolidated financial statements - IFRS-11 Join arrangements - IFRS-12 Disclosure of interests in other entities - IFRS-13 Fair value measurement The following interpretations issued by the IASB have been waived of by SECP: IFRIC 4 Determining whether an arrangement contains a lease IFRIC 12 Service concession arrangements 27
Kohinoor Spinning Mills Limited Annual Report 2014 Effective date (annual reporting periods beginning on or after) IFRS-2 IFRS-3 IFRS-8 IFRS-14 IFRS-15 IAS-16 IAS-19 IAS-24 IAS-32 IAS-36 IAS-38 IAS-39 Share-based Payments (Amendments) Business Combinations (Amendments) Operating Segments (Amendments) Regulatory Deferral Accounts Revenue from Contracts with Customers Property, Plant & Equipment (Amendments) Employees Benefits: (Amendments) Related Party Disclosures (Amendments) Financial Instruments: Presentation (Amendments) Impairment of assets (Amendments) Intangible Assets (Amendments) Financial Instruments: Recognition and Measurement (Amendments) July 1, 2014 July1,2014 July 1, 2014 January 01, 2016 January 01, 2017 July 1, 2014 & January 01, 2016 July 1, 2014 July 1, 2014 January 01, 2014 January 01, 2014 January 01, 2016 January 01, 2014 IAS-40 IAS-41 IFRIC 21 Investment Property (Amendments) Agriculture (Amendments) Levies July-1, 2014 January 01, 2016 January 01, 2014 The management anticipates that adoption of above standards, amendments and interpretations in future periods will have no material impact on the Company's financial statements other than in presentation I disclosures. Further, the following new standards and interpretations have been issued by the International Accounting Standards Board (IASB), which have not been notified upto June 30, 2014 by the Securities and Exchange Commission of Pakistan, for the purpose of their applicability in Pakistan: IFRS-1 - First-time adoption of International Financial Reporting standards IFRS-9 - Financial instruments IFRS-10 - Consolidated financial statements IFRS-11 - Join arrangements IFRS-12 - Disclosure of interests in other entities IFRS-13 - Fair value measurement The following interpretations issued by the IASB have been waived of by SECP: IFRIC 4 IFRIC 12 Determining whether an arrangement contains a lease Service concession arrangements 27