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Application of New and Amended International Financial Reporting Standards

12 Months Ended

Dec. 31, 2024

Disclosure of expected impact of initial application of new standards or interpretations [abstract]

Application of New and Amended International Financial Reporting Standards

5.

APPLICATION OF NEW AND AMENDED INTERNATIONAL FINANCIAL REPORTING STANDARDS

Amendments to IFRSs and the New Interpretation That Are Mandatorily Effective for the Current Year

The Company has applied Amendments to IFRS 16: Leases Liability in a Sale and Leaseback, Amendments to IAS 1: Classification of Liabilities as Current or Non-current, Amendments to IAS 1: Non-current Liabilities with Covenants, and Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements. The application of these amendments has had no impact on the disclosures or amounts recognized in the Company’s consolidated financial statements.

New and Amended IFRSs in Issue But Not Yet Effective

The Company has not applied the following new and amended IFRSs that have been issued but are not yet effective.


New or Amended Standards and Interpretations				Effective Date Issued by IASB (Note)
Amendments to IAS 21		Lack of Exchangeability		January 1, 2025
Amendments to IFRS 9 and IFRS 7		Amendments to the Classification and Measurement of Financial Instruments		January 1, 2026
Amendments to IFRS 9 and IFRS 7		Contracts Referencing Nature-Dependent Electricity		January 1, 2026
Amendments to IFRS 10 and IAS 28		Sale or Contribution of Assets between an Investor and Its Associate or Joint Venture		To be determined by IASB
IFRS 18		Presentation and Disclosure in Financial Statements		January 1, 2027
IFRS 19		Subsidiaries without Public Accountability: Disclosures		January 1, 2027
Amendments to IFRS Accounting Standards		Annual Improvements -Volume 11		January 1, 2026

Note: The aforementioned new or amended standards or interpretations are effective after fiscal year beginning on or after the effective dates, unless specified otherwise.

The application of “Amendments to IAS 21: Lack of Exchangeability” will not have material impact on the Company’s consolidated financial statements.

As of the date the consolidated financial statements were authorized for issue, the Company is continuously assessing whether the application of the Standards listed above, except for the “Amendments to IAS 21: Lack of Exchangeability” will have the impact on the Company’s financial position and operating result. The Company will disclose the relevant impact when the assessment is completed.