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Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
31 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS AND INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED 31 DECEMBER 2013
Up to the date of issue of these accounts, the HKICPA has issued a few amendments and a new standard which are not
yet effective for the year ended 31 December 2013 and which have not been adopted in these accounts. These include the following which may be relevant to the Group.
Amendments to HKAS 32, Offsetting financial assets and financial liabilities
HKFRS 9, Financial instruments
Effective for
accounting periods
beginning on or after
1 January 2014
To be announced
by the HKICPA
The Group is in the process of making an assessment of what the impact of these amendments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the consolidated accounts.