WASCO BERHAD 190 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 2 ACCOUNTING POLICIES (CONTINUED) 2.2 Changes in accounting policies and disclosures Standards, amendments to published standards and interpretations to existing standards that are applicable to the Group and the Company but not yet effective • Amendments to MFRS 121 ‘Lack of Exchangeability’ (effective 1 January 2025) • MFRS 18 ‘Presentation and Disclosure in Financial Statements’ (effective 1 January 2027) replaces MFRS 101 ‘Presentation of Financial Statements’ • Amendments to MFRS 9 and MFRS 7 ‘Amendments to the Classification and Measurement of Financial Instruments’ (effective 1 January 2026) The Group is currently assessing the detailed implications of applying the accounting policies on the Group’s consolidated financial statements. The amendment shall be applied retrospectively.
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