2.Effects of New Financial Reporting Standards

2.1Financial reporting standards applied for the first time in the reporting period

(XLS:) Download

 

  

 

  

 

IFRS pronouncement
(published on)

  

Title

  

Effective for annual periods beginning on or after

Amendments to IFRS Standards
(March 29, 2018)

  

Amendments to References to the Conceptual Framework in IFRS Standards

  

January 1, 2020

Amendments to IFRS 3
(October 22, 2018)

  

Definition of a Business

  

January 1, 2020

Amendments to IAS 1 and IAS 8
(October 31, 2018)

  

Definition of Material

  

January 1, 2020

Amendments to IFRS 9, IAS 39 and IFRS 7
(September 26, 2019)

  

Interest Rate Benchmark Reform

  

January 1, 2020

Initial application of the standards listed in the table had little or no material impact on the presentation of the net assets, financial position and results of operations.

2.2Published financial reporting standards that have not yet been applied

Compared with the disclosure presented in the consolidated financial statements as of December 31, 2019, regarding the effects of those published reporting standards that are not yet effective to be applied but whose application could affect the presentation of the net assets, financial position and results of operations, no new determinations were made concerning potential effects.