New Amendments will come into effect 1 January 2022, with regards to:

• Annual Improvements to IFRS 2018 – 2020 Cycle,
• IAS 16 Property, plant and equipment (Proceeds before intended use), and
• IAS 37 Provisions, Contingent Liabilities and Contingent Assets (Onerous Contracts – Costs of fulfilling a contract)

Entities should ensure that the effects are understood and assess whether these have been appropriately taken into account, where applicable.