At the date of approval of the annual financial statements, the following new standards, interpretations and amendments that apply to the Group were in issue but not yet effective:

Standard/interpretation		Description		Effective date
IFRS 2 Share-based Payment		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (definition of vesting condition)		July 1 2014
IFRS 3 Business Combinations		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (accounting for contingent consideration)		July 1 2014
IFRS 7 Financial Instruments: Disclosures		Deferral of mandatory effective date of IFRS 9 and amendments to transition disclosures		January 1 2015
IFRS 8 Operating Segments		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (aggregation of segments, reconciliation of segment assets)		July 1 2014
IFRS 9 Financial Instruments		Original issue (classification and measurement of financial assets) Accounting for financial liabilities and derecognition Deferral of mandatory effective date of IFRS 9 and amendments to transition disclosures Reissue to incorporate a hedge accounting chapter and permit the early application of the requirements for presenting in other comprehensive income the own credit gains or losses on financial liabilities designated under the fair value option without early applying the other requirements of IFRS 9		January 1 2018
IFRS 10 Consolidated Financial Statements		Amendments for investment entities		January 1 2014
IFRS 11 Joint Arrangements		Amendment requiring the acquirer of an interest in a joint operation in which the activity constitutes a business, as defined in IFRS 3 Business Combinations, to apply all of the principles on business combinations accounting in IFRS 3		January 1 2016
IFRS 12 Disclosure of Interests in Other Entities		Amendments for investment entities		January 1 2014
IFRS 13 Fair Value Measurement		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (short-term receivables and payables) Amendments resulting from Annual Improvements 2011 – 2013 Cycle (scope of the portfolio exception in paragraph 52)		January 1 2014 January 1 2014
IFRS 14 Regulatory Deferral Accounts		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (proportionate restatement of accumulated depreciation on revaluation)		January 1 2014
IFRS 15 Revenue from contracts with customers		Original issue		January 1 2017
IAS 16 Property, Plant and Equipment		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (proportionate restatement of accumulated depreciation on revaluation) Amendments resulting from clarification of acceptable methods of depreciation and amortisation (Amendments to IAS 16 and IAS 38) Amendments to include bearer plants within the scope of IAS 16 rather than IAS 41		July 1 2014 January 1 2016 July 1 2014
IAS 19 Employee Benefits		The narrow scope amendments apply to contributions from employees or third parties to defined-benefit plans. The objective of the amendments is to simplify the accounting for contributions that are independent of the number of years of employee service, for example, employee contributions that are calculated according to a fixed percentage of salary		July 1 2014
IAS 24 Related Party Disclosures		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (management entities)		July 1 2014
IAS 27 Separate Financial Statements		Amendments for investment entities		January 1 2014
IAS 32 Financial Instruments Presentation		Amendments to application guidance on the offsetting of financial assets and financial liabilities		January 1 2014
IAS 36 Impairment of Assets		Amendments resulting from recoverable amount disclosures		January 1 2014
IAS 38 Intangible Assets		Amendments resulting from Annual Improvements 2010 – 2012 Cycle (proportionate restatement of accumulated depreciation on revaluation)		July 1 2014
		Amendments resulting from clarification of acceptable methods of depreciation and amortisation (Amendments to IAS 16 and IAS 38)		July 1 2016
IAS 39 Financial Instruments Recognition and Measurement		Amendments for novations of derivatives		January 1 2014
IAS 40 Investment Property		Amendments resulting from Annual Improvements 2011 – 2013 Cycle (interrelationship between IFRS 3 and IAS 40)		July 1 2014

Management’s assessment of the new standards, interpretations and amendments has not revealed any material impact on the Group’s results.