Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 54 4. Adoption of new and revised Malaysian Financial Reporting Standards (“MFRS”) and interpretations (“MFRSs”) MFRSs that have been issued and effective The following new and revised MFRSs issued by MASB, have been adopted, and the adoptions do not have any or significant impact to the financial statements: Title Effective Date Amendments to MFRS 3: Business Combinations 1 January 2020 Amendments to MFRS 7: Financial Instruments: Disclosures 1 January 2020 Amendments to MFRS 9: Financial Instruments 1 January 2020 Amendments to MFRS 101: Presentation of Financial Statements 1 January 2020 Amendments to MFRS 108: Accounting Policies, Changes in Accounting Estimates and Errors 1 January 2020 Amendments to MFRS 139: Financial Instruments: Recognition and Measurement 1 January 2020 Amendments to MFRS 16: Leases 1 June 2020 Amendments to MFRS 101: Classification of Liabilities as Current or Non- current – Deferral of Effective Date 17 August 2020 Amendments to MFRS 4: Extension of Temporary Exemption from Applying MFRS 9 17 August 2020 MFRSs that have been issued but only effective for financial period beginning on 1 January 2021 and onwards The following new and revised MFRSs issued by MASB, have not been adopted, and the adoptions are not expected to have any or significant impact to the financial statements: Title Effective Date Amendments to MFRS 4: Insurance Contracts 1 January 2021 Amendments to MFRS 7: Financial Instruments: Disclosures 1 January 2021 Amendments to MFRS 9: Financial Instruments 1 January 2021 Amendments to MFRS 16: Leases 1 January 2021 Amendments to MFRS 139: Financial Instruments: Recognition and Measurement 1 January 2021 Amendments to MFRS 16: Leases 1 April 2021 Amendments to MFRS 1: First-time Adoption of Malaysian Financial Reporting Standards 1 January 2022 Amendments to MFRS 3: Business Combinations 1 January 2022 Amendments to MFRS 9: Financial Instruments 1 January 2022 Amendments to MFRS 116: Property, Plant and Equipment 1 January 2022 Amendments to MFRS 137: Provisions, Contingent Liabilities and Contingent Assets 1 January 2022 Amendments to MFRS 141: Agriculture 1 January 2022 MFRS 17: Insurance Contracts 1 January 2023 Amendments to MFRS 17: Insurance Contracts 1 January 2023 Amendments to MFRS 101: Presentation of Financial Statements 1 January 2023 Amendments to MFRS 108: Accounting Policies, Changes in Accounting Estimates and Errors 1 January 2023 Amendments to MFRS 112: Income Taxes 1 January 2023 Amendments to MFRS 10: Consolidated Financial Statements Deferred Amendments to MFRS 128: Investments in Associates and Joint Ventures Deferred