NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
32
33
34
NON-ADJUSTING EVENTS AFTER THE REPORTING PERIOD
After the end of the reporting period, the directors proposed a final dividend. Further details are disclosed in note 10.
COMPARATIVE FIGURES
Certain comparative figures have been adjusted to conform to the disclosure requirement in respect of the discontinued operation set out in note 5 to the financial statements. In addition, the comparative figures in the consolidated statement of profit or loss have been restated as if the operation discontinued during the current year had been discontinued at the beginning of the prior period.
POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS AND INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED 31 DECEMBER 2016
Up to the date of issue of these financial statements, the HKICPA has issued a number of amendments and new standards which are not yet effective for the year ended 31 December 2016 and which have not been adopted in these financial statements. These include the following which may be relevant to the Group.
Amendments to HKAS 7, Statement of cash flows: Disclosure initiative
Amendments to HKAS 12, Income taxes: Recognition of
deferred tax assets for unrealised losses
HKFRS 9, Financial instruments
HKFRS 15, Revenue from contracts with customers
HKFRS 16, Leases
Effective for
accounting periods beginning on or after
1 January 2017
1 January 2017
1 January 2018
1 January 2018
1 January 2019
The Group is in the process of making an assessment of what the impact of these amendments and new standards is expected to be in the period of initial application. So far the Group has identified some aspects of the new standards which may have a significant impact on the consolidated financial statements as below.
Hong Kong Ferry (Holdings) Company Limited 142 Annual Report 2016