ASCENDAS india trust ANNUAL REPORT 2014/15
N O T E S T O T H E F I N A N C I A L S T A T E M E N T S
For the financial year ended 31 March 2015
2.
Significant accounting policies (continued)
2.2 Changes in Accounting Policies
The accounting policies adopted are consistent with those of the previous financial year except in the current financial year,
the Group has adopted all the new and revised standards which are effective for financial periods beginning on 1 April 2014.
The Group does not have any material non-controlling interest and the adoption of the new and revised standards did not
have any effect on the financial statements.
2.3 Standards Issued But Not Yet Effective
The Group has not adopted the following standards that have been issued but not yet effective:
Description
Effective For Periods
Beginning On or
After
Amendments to FRS 19
Defined Benefits Plans: Employee Contributions
1 July 2014
Improvements to FRSs (January 2014)
(a)
Amendments to FRS 102
Share Based Payment
1 July 2014
(b)
Amendments to FRS 103
Business Combinations
1 July 2014
(c)
Amendments to FRS 108
Operating Segments
1 July 2014
(d)
Amendments to FRS 16
Property, Plant and Equipment and
FRS 38
Intangible Assets
1 July 2014
(e)
Amendments to FRS 24
Related Party Disclosures
1 July 2014
Improvements to FRSs (February 2014)
(a)
Amendments to FRS 103
Business Combinations
1 July 2014
(b)
Amendments to FRS 113
Fair Value Measurement
1 July 2014
(c)
Amendments to FRS 40
Investment Property
1 July 2014
Improvements to FRSs (November 2014)
(a)
FRS 107
Financial Instruments: Disclosures
1 January 2016
(b)
FRS 19
Employee Benefits
1 January 2016
(c)
FRS 34
Interim Financial Reporting
1 January 2016
Amendments to FRS 16 and FRS 38
Clarification of Acceptable Methods of Depreciation and Amortisation
1 January 2016
Amendments to FRS 1:
Disclosure Initiative
1 January 2016
FRS 115
Revenue from Contracts with Customers
1 January 2017
FRS 109
Financial Instruments
1 January 2018
Except for FRS 115 and FRS 109 which the Management of the Trustee-Manager is presently assessing their impact on the
financial statements, the adoption of the standards above will have no material impact on the financial statements in the
period of initial application.
