Sun Art Retail Group Limited - TodayIR.com

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
30 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS AND
INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE
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 2012
and have not been adopted in these financial statements. These include the following which may
be relevant to the Group.
Effective for
accounting periods
beginning on or after
• Amendments to HKAS 1, Presentation of financial statements - Presentation
1 July 2012
of items of other comprehensive income
• HKFRS 10, Consolidated financial statements 1 January 2013
• HKFRS 11, Joint arrangements 1 January 2013
• HKFRS 12, Disclosure of interests in other entities 1 January 2013
• HKFRS 13, Fair value measurement 1 January 2013
• HKAS 27, Separate financial statements 1 January 2013
• HKAS 28, Investment in associates and joint ventures 1 January 2013
• Revised HKAS 19, Employee benefits 1 January 2013
• Amendments to HKFRS 7, Financial instruments: Disclosures –
1 January 2013
Disclosures – Offsetting financial assets and financial liabilities
• Annual Improvements to HKFRSs – 2009-2011 Cycle 1 January 2013
• Amendments to HKFRS 10, Consolidated financial statements, HKFRS 11,
1 January 2013
Joint arrangements and HKFRS 12, Disclosure of interests
in other entities – Transition guidance
• Amendments to HKAS 32, Financial instruments: Presentation – Offsetting
1 January 2014
financial assets and financial liabilities
• HKFRS 9, Financial instruments 1 January 2015
• Amendments to HKFRS 9, Financial instruments and HKFRS 7
Financial instruments: Disclosures – Mandatory effective date
and transition disclosures
1 January 2015
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 Group’s financial position and results of operations.
31 INTEREST IN SUBSIDIARIES
The Company
At 31 December
2012 2011
RMB million RMB million
Unlisted shares 15,321 15,321
The principal activity of the Company is investment holding.
Sun Art Retail Group Limited
Annual Report 2012
109