Asia-Pacific Strategic Investments Limited - Annual Report 2021

Notes to the Financial Statements For the financial year ended 30 June 2021

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New or revised accounting standards and interpretations

Below are the mandatory standards and amendments and interpretations to existing standards that have been published and are relevant for the Group’s accounting periods beginning on or after 1 July 2021 and which the Group has not early adopted.

Effective for annual periods beginning on or after 1 January 2021 • SFRS(I) 17 Insurance Contracts

Effective for annual periods beginning on or after 1 January 2022 •

Amendments to SFRS(I) 3: Reference to the Conceptual Framework

• Amendments to SFRS(I) 1-16: Property, plant and equipment – Proceeds before intended use • Amendments to SFRS(I) 1-37: Onerous contracts – Cost of fulfilling a contract • Amendments to SFRS(I) 1: First-time Adoption of Singapore Financial Reporting Standards (International) • Amendments to SFRS(I) 9: Financial Instruments • Amendments to Illustrative Examples Accompanying SFRS(I) 16: Leases • Amendments to SFRS(I) 1-41: Agriculture • SFRS(I) 17: Insurance Contracts • Amendments to SFRS(I) 17: Insurance Contracts Effective for annual periods beginning on or after 1 January 2023 • Amendments to SFRS(I) 1-1: Classification of Liabilities as Current or Non-current • Amendments to SFRS(I) 1-1: Presentation of Financial Statements • Amendments to SFRS(I) Practice Statement 2: Making Materiality Judgements • Amendments to SFRS(I) 7: Financial Instruments: Disclosures • Amendments to SFRS(I) 1-26: Accounting and Reporting by Retirement Benefit Plans • Amendments to SFRS(I) 1-34: Interim Financial Reporting • Amendments to Guidance on implementing SFRS(I) 8: Operating Segments • Amendments to Guidance on implementing SFRS(I) 1-1: Presentation of Financial Statements • Amendments to SFRS(I) 1-8: Definition of Accounting Estimates

ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED

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