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ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

2. MATERiAL ACCOUNTiNG POLiCiES (CONTiNUED)
2.2 Statement of Compliance

the accounting policies adopted by the group and of KWap are consistent with those adopted in the most
recent annual financial statements for the year ended 31 december 2022.

(a) Standards and amendments that were issued but not yet effective

the standards and interpretations that were issued but not yet effective up to the date of issuance of the
group’s and of KWap’s financial statements are disclosed below. the group and KWap intend to adopt
these standards, if applicable, when they become effective.

Effective for
annual periods
beginning on
or after

amendments to mfrs 16, Leases – Lease Liability in a Sale and Leaseback 1 January 2024
amendments to mfrs 101, Presentation of Financial Statements 1 January 2024
– Non-current Liabilities with Covenants and Classification
of Liabilities as Current or Non-current
amendments to mfrs 107, Statement of Cash Flows and 1 January 2024
mfrs 7, Financial Instruments: Disclosures – Supplier Finance Arrangements
amendments to mfrs 121, The Effects of Changes in Foreign Exchange Rates 1 January 2025
– Lack of Exchangeability
amendments to mfrs 9, Financial Instruments and mfrs 7, Financial Instruments: 1 January 2026
Disclosures – Classification and Measurement of Financial Instruments
mfrs 18, Presentation and Disclosure in Financial Statements 1 January 2027
mfrs 19, Subsidiaries without Public Accountability: Disclosures 1 January 2027
amendments to mfrs 10, Consolidated Financial Statements and to be confirmed
mfrs 128, Investments in Associates and Joint Ventures
– Sale or Contribution of Assets between an Investor and
its Associate or Joint Venture

the initial application of the above-mentioned accounting standards, interpretations and amendments are
not expected to have any material financial impact to the financial statements of the group and of KWap.

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