. Amendments to IAS 32 Financial Instruments: Presentation and Amendments to IAS 1 Presentation
of Financial Statements. These amendments to the standards require that some puttable ˘nancial
instruments and some ˘nancial instruments that impose on the entity an obligation to deliver to
another party a pro rata share of the net assets of the entity only on liquidation to be classi˘ed
. IFRIC 12 Service Concession Arrangements applies to contractual arrangements whereby a private
sector operator participates in the development, ˘nancing, operation and maintenance of
infrastructure for public sector services.
. IFRIC 13 Customer loyalty programmes clari˘es that where goods or services are sold together with
a customer loyalty incentive (for example, loyalty points or free products), the arrangement is a
multiple-element arrangement and the consideration receivable from the customer is allocated
between the components of the arrangement in using fair values.
The Company has not yet determined all the potential effect of the new standards and interpretation not