Annual Report 2012 - IOI Group

NOTES TO THEFINANCIAL STATEMENTS3. ADOPTION OF NEW FRSs AND AMENDMENT TO FRSs (Continued)3.3 New Malaysian Financial Reporting Standards (‘MFRSs’) that have been issued, but not yet effective and not yetadopted, for annual periods beginning on or after 1 January 2014 (Continued)The MFRSs and IC Interpretations expected to be adopted are as follows (Continued):MFRS 10 Consolidated Financial StatementsMFRS 11 Joint ArrangementsMFRS 12 Disclosure of Interests in Other EntitiesMFRS 13 Fair Value MeasurementMFRS 101 Presentation of Financial StatementsAmendments to MFRS 101 Presentation of Items of Other Comprehensive IncomeMFRS 102 InventoriesMFRS 107 Statement of Cash FlowsMFRS 108 Accounting Policies, Changes in Accounting Estimates and ErrorsMFRS 110 Events After the Reporting PeriodMFRS 111 Construction ContractsMFRS 112 Income TaxesMFRS 116 Property, Plant and EquipmentMFRS 117 LeasesMFRS 118 RevenueMFRS 119 Employee BenefitsMFRS 119 Employee Benefits (revised)MFRS 120 Accounting for Government Grants and Disclosure of Government AssistanceMFRS 121 The Effects of Changes in Foreign Exchange RatesMFRS 123 Borrowing CostsMFRS 124 Related Party DisclosuresMFRS 126 Accounting and Reporting by Retirement Benefit PlansMFRS 127 Consolidated and Separate Financial StatementsMFRS 127 Separate Financial Statements (revised)MFRS 128 Investments in AssociatesMFRS 128 Investments in Associates and Joint Ventures (revised)MFRS 129 Financial Reporting in Hyperinflationary EconomiesMFRS 131 Interests in Joint VenturesMFRS 132 Financial Instruments: PresentationMFRS 133 Earnings Per ShareMFRS 134 Interim Financial ReportingMFRS 136 Impairment of AssetsMFRS 137 Provisions, Contingent Liabilities and Contingent Assets126IOI CORPORATION BERHADAnnual Report 2012