FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 142 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 2 BASIS OF PREPARATION (CONTINUED) (ii) Accounting pronouncements that are not yet effective and have not been early adopted by the Group and Company: (continued) Effective for annual periods beginning on or after 1 January 2018 with earlier application permitted (continued) Amendments to existing standards and other accounting pronouncements that are not expected to have any significant impact on the financial statements of the Group and Company: • Amendments to MFRS 2 “Share-based Payment” - Classification and Measurement of Share-based Payment Transactions • Amendments to MFRS 140 “Investment Property” - Clarification on Change in Use - Assets transferred to, or from, Investment Properties • Annual Improvements to MFRS 1 “First-time Adoption of Malaysian Financial Reporting Standards” • Annual Improvements to MFRS 128 “Investments in Associates and Joint Ventures” • IC Interpretation 22 “Foreign Currency Transactions and Advance Consideration” Effective for annual periods beginning on or after 1 January 2019 with earlier application permitted New accounting standard, amendments to existing standards and accounting pronouncements that are currently being assessed by the Directors: • MFRS 16 “Leases” • IC Interpretation 23 “Uncertainty over Income Tax Treatments” • Amendments to MFRS 128 “Investments in Associates and Joint Ventures “ - Long-term Interests in Associates and Joint Ventures • Amendments to MFRS 9 “Financial Instruments” - Prepayment Features with Negative Compensation • Annual Improvements to MFRS 3 “Business Combinations” • Annual Improvements to MFRS 11 “Joint Arrangements” • Annual Improvements to MFRS 112 “Income Taxes” • Annual Improvements to MFRS 123 “Borrowing Costs” Effective date yet to be determined by Malaysian Accounting Standards Board Amendments to existing standards that are currently being assessed by the Directors: • Amendments to MFRS 10 and MFRS 128 on Sale or Contribution of Assets between an Investor and its Associate or Joint Venture.