Update No. 264 relates to:
Consequential amendments arising from the following standards, which were previously set out in the appendices to the respective standards but are now incorporated into the text and basis for conclusions.
- Interest Rate Benchmark Reform — Phase 2: Amendments to HKAS 39 Financial Instruments: Recognition and Measurement, HKFRS 4 Insurance Contracts, HKFRS 7 Financial Instruments: Disclosures, HKFRS 9 Financial Instruments and HKFRS 16 Leases
- Covid-19-related rent concessions beyond 30 June 2021: Amendment to HKFRS 16 Leases
The Preface to Hong Kong Financial Reporting Standards is updated for the issuance of invitations to comment on IFRS Interpretations Committee tentative agenda decisions.
HKAS 36 Impairment of Assets is updated for editorial corrections.
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