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Notes to the Consolidated Financial Statements31 December 2024136ADVANCING AHEAD2.2CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES (continued)(b)The 2020 Amendments clarify the requirements for classifying liabilities as current or non-current, including what is meant by a right to defer settlement and that a right to defer must exist at the end of the reporting period. Classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement. The amendments also clarify that a liability can be settled in its own equity instruments, and that only if a conversion option in a convertible liability is itself accounted for as an equity instrument would the terms of a liability not impact its classification. The 2022 Amendments further clarify that, among covenants of a liability arising from a loan arrangement, only those with which an entity must comply on or before the reporting date affect the classification of that liability as current or non-current. Additional disclosures are required for non-current liabilities that are subject to the entity complying with future covenants within 12 months after the reporting period.The Group has reassessed the terms and conditions of its liabilities as at 1 January 2023 and 2024 and concluded that the classification of its liabilities as current or non-current remained unchanged upon initial application of the amendments. Accordingly, the amendments did not have any impact on the financial position or performance of the Group.(c)%u0009 AmendmentstoIAS7andIFRS7clarifythecharacteristicsofsupplierfinancearrangementsandrequireadditional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity%u2019s liabilities, cash flows and exposure to liquidity risk. As the Group does not have supplier finance arrangements, the amendments did not have any impact on the Group%u2019s financial statements.2.3ISSUED BUT NOT YET EFFECTIVE IFRS ACCOUNTING STANDARDSThe Group has not adopted the following new and revised IFRS Accounting Standards, that have been issued but are not yet effective, in the financial statements. The Group intends to apply these new and revised IFRS Accounting Standards, if applicable, when they become effective.IFRS 18Presentation and Disclosure in Financial Statements3IFRS 19Subsidiaries without Public Accountability: Disclosures3AmendmentstoIFRS9andIFRS7Amendments to the Classification and Measurement of Financial Instruments2Amendments to IFRS 10 and IAS 28Sale or Contribution of Assets between an Investor and its Associate or Joint Venture4Amendments to IAS 21Lack of Exchangeability1Annual Improvements to IFRS Accounting Standards %u2013 Volume 11AmendmentstoIFRS1,IFRS7,IFRS9,IFRS10andIAS721Effective for annual periods beginning on or after 1 January 20252Effective for annual periods beginning on or after 1 January 20263%u0009 Effectiveforannual/reportingperiodsbeginningonorafter1January20274No mandatory effective date yet determined but available for adoption