Annual - Johnson Electric

44. Effect of adopting new HKFRS (Cont’d)
NOTES TO THE ACCOUNTS
Standards, interpretations and amendments to published standards that are not yet effective
Certain new standards, interpretations and amendments to existing standards have been published that are mandatory
for the Group’s accounting periods beginning on or after 1st January 2006 or later periods but which the Group has
not early adopted, as follows:
HKAS 39 (Amendment) Cash flow hedge accounting of forecast intragroup transactions
HKAS 39 (Amendment) The fair value option (effective from 1st January 2006)
HKAS 39 and HKFRS 4 (Amendment) Financial guarantee contracts (effective from 1st January 2006)
HKFRS 1 (Amendment) First-time adoption of Hong Kong Financial Reporting Standards
HKFRS 7 Financial Instruments: Disclosure, and a complementary amendment
to HKAS 1, Presentation of financial statements – Capital disclosures
HKFRS-Int 4 Determining whether an arrangement contains a lease
HKFRS-Int 5 Rights to interests arising from decommissioning, restoration and
environmental rehabilitation funds
HK(IFRIC)-Int 6 Liabilities arising from participating in a specific market – Waste
electrical and electronic equipment
45. Subsequent event
On 3rd April 2006, the Group paid US$4.9 million to purchase additional 10% shareholding in Shanghai Ri Yong-
JEA Gate Electric Co Ltd., previously a jointly controlled entity of the Group. The effective holding increased from
50% to 60%.
46. Approval of accounts
The accounts were approved by the Directors on 5th June 2006.
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