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Notes to the Consolidated Financial Statements31 December 2024138ADVANCING AHEAD2.3ISSUED BUT NOT YET EFFECTIVE IFRS ACCOUNTING STANDARDS (continued)Amendments to IFRS 10 and IAS 28 address an inconsistency between the requirements in IFRS 10 and in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The amendments require a full recognition of a gain or loss resulting from a downstream transaction when the sale or contribution of assets constitutes a business. For a transaction involving assets that do not constitute a business, a gain or loss resulting from the transaction is recognised in the investor%u2019s profit or loss only to the extent of the unrelated investor%u2019s interest in that associate or joint venture. The amendments are to be applied prospectively. The previous mandatory effective date of amendments to IFRS 10 and IAS 28 was removed by the IASB. However, the amendments are available for adoption now.Amendments to IAS 21 specify how an entity shall assess whether a currency is exchangeable into another currency and how it shall estimate a spot exchange rate at a measurement date when exchangeability is lacking. The amendments require disclosures of information that enable users of financial statements to understand the impact of a currency not being exchangeable. Earlier application is permitted. When applying the amendments, an entity cannot restate comparative information. Any cumulative effect of initially applying the amendments shall be recognised as an adjustment to the opening balance of retained profits or to the cumulative amount of translation differences accumulated in a separate component of equity, where appropriate, at the date of initial application. The amendments are not expected to have any significant impact on the Group%u2019s financial statements.Annual Improvements to IFRS Accounting Standards %u2013 Volume 11setoutamendmentstoIFRS1,IFRS7(andtheaccompanying Guidance on implementing IFRS 7),IFRS9,IFRS10andIAS7.Detailsoftheamendmentsthatareexpected to be applicable to the Group are as follows:%u2022%u0009 IFRS7Financial Instruments: Disclosures: The amendments have updated certain wording in paragraph B38 ofIFRS7andparagraphsIG1,IG14andIG20BoftheGuidance on implementing IFRS 7 for the purpose of simplification or achieving consistency with other paragraphs in the standard and/or with the concepts and terminology used in other standards. In addition, the amendments clarify that the Guidance on implementing IFRS 7doesnotnecessarilyillustratealltherequirementsinthereferencedparagraphsofIFRS7nordoesitcreate additional requirements. Earlier application is permitted. The amendments are not expected to have any significant impact on the Group%u2019s financial statements.%u2022%u0009 IFRS9Financial Instruments: The amendments clarify that when a lessee has determined that a lease liability has been extinguished in accordance with IFRS 9, the lessee is required to apply paragraph 3.3.3 of IFRS 9 and recognise any resulting gain or loss in profit or loss. In addition, the amendments have updated certain wording in paragraph 5.1.3 of IFRS 9 and Appendix A of IFRS 9 to remove potential confusion. Earlier application is permitted. The amendments are not expected to have any significant impact on the Group%u2019s financial statements.%u2022%u0009 IFRS10Consolidated Financial Statements: The amendments clarify that the relationship described in paragraphB74ofIFRS10isjustoneexampleofvariousrelationshipsthatmightexistbetweentheinvestorand other parties acting as de facto agents of the investor, which removes the inconsistency with the requirementinparagraphB73ofIFRS10.Earlierapplicationispermitted.Theamendmentsarenotexpectedto have any significant impact on the Group%u2019s financial statements.%u2022%u0009 IAS7Statement of Cash Flows: The amendments replace the term %u201ccost method%u201d with %u201cat cost%u201d in paragraph 37ofIAS7followingthepriordeletionofthedefinitionof%u201ccostmethod%u201d.Earlierapplicationispermitted.Theamendments are not expected to have any impact on the Group%u2019s financial statements.