Telkom AR front.qxp

336
Telkom Annual Report 2009
Notes to the annual financial statements (continued)
for the three years ended March 31, 2009
40. ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED (continued)
Changes as a result of the annual improvements project
A number of standards were amended as a result of the annual improvements project of the IASB in May 2008 effective for annual periods
beginning on or after January 1, 2009, with the exception of IFRS5 which is effective for annual periods beginning on or after July 1,
2009. These standards were as follows:
IFRS5 Non-Current Assets Held for Sale and Discontinued Operations
IAS1 Presentation of Financial Statements
IAS16 Property, Plant and Equipment
IAS19 Employee Benefits
IAS20 Accounting for Government Grants and Disclosure of Government Assistance
IAS23 Borrowing Costs
IAS27 Consolidated and Separate Financial Statements
IAS28 Investments in Associates
IAS29 Financial Reporting in Hyperinflationary Economies
IAS31 Interests in Joint Ventures
IAS36 Impairment of Assets
IAS38 Intangible Assets
IAS39 Financial Instruments: Recognition and Measurement
IAS40 Investment Property
IAS41 Agriculture.
The Company will adopt the changes to these standards during the 2010 financial year with the exception of IFRS5, which will be adopted
during the 2011 financial year. The Company is currently evaluating the effects of the amendments.