228 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 2 MATERIAL 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 • 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) • Amendments to MFRS 121 ‘Translation to a Hyperinflationary Presentation Currency’ (effective 1 January 2027) The adoption of Amendments to MFRS 121 ‘Lack of Exchangeability’ during the current financial year does not have any significant impact to the Group’s financial statements. The Group is currently assessing the detailed implications of adopting the other accounting standards which have been issued but not yet effective during the financial year. The amendment shall be applied retrospectively.
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