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.
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