Annual Report 2012 - IOI Group

3. 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 138 Intangible AssetsMFRS 139 Financial Instruments: Recognition and MeasurementMFRS 140 Investment PropertyMFRS 141 AgricultureImprovements to MFRSs (2008)Improvements to MFRSs (2009)Improvements to MFRSs (2010)Amendments to MFRS 1 First-time Adoption of Financial Reporting Standards – Government LoansAmendments to MFRS 7 Disclosures – Offsetting Financial Assets and Financial LiabilitiesAmendments to MFRS 132 Financial Instruments: Presentation – Offsetting Financial Assets and Financial LiabilitiesMandatory Effective Date of MFRS 9 Financial Instruments and Transition DisclosuresAmendments to MFRSs Annual Improvements 2009 – 2011 CycleAmendments to MFRS 10, MFRS 11 and MFRS 12 Consolidated Financial Statements, Joint Arrangements and Disclosure ofInterests in Other Entities: Transition GuidanceMFRS 3 Business Combinations (as issued by the IASB in March 2004)MFRS 127 Consolidated and Separate Financial Statements (as issued by the IASB in December 2003)IC Interpretation 1 Changes in Existing Decommissioning, Restoration and Similar LiabilitiesIC Interpretation 2 Members’ Shares in Co-operative Entities and Similar InstrumentsIC Interpretation 4 Determining whether an Arrangement Contains a LeaseIC Interpretation 5 Rights to Interests Arising from Decommissioning, Restoration and Environmental Rehabilitation FundsIC Interpretation 6 Liabilities Arising from Participating in a Specific Market – Waste Electrical and Electronic EquipmentIC Interpretation 7 Applying the Restatement Approach under MFRS 129 Financial Reporting in Hyperinflationary EconomiesIC Interpretation 9 Reassessment of Embedded DerivativesIC Interpretation 10 Interim Financial Reporting and ImpairmentIC Interpretation 12 Service Concession ArrangementsIC Interpretation 13 Customer Loyalty ProgrammesIC Interpretation 14 MFRS 119 Employee Benefits – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and theirInteractionIC Interpretation 15 Agreements for the Construction of Real EstateIC Interpretation 16 Hedges of a Net Investment in a Foreign OperationIC Interpretation 17 Distributions of Non-cash Assets to OwnersIC Interpretation 18 Transfers of Assets from CustomersIC Interpretation 19 Extinguishing Financial Liabilities with Equity InstrumentsAnnual Report 2012IOI CORPORATION BERHAD 127