FirstCaribbean International Bank (Bahamas) Limited

Notes to Consolidated Financial StatementsFor the year ended October 31, 2009(Expressed in thousands of Bahamian dollars)2. Accounting Policies (Continued)2.5 Future changes in accounting policies (continued)StandardPart IIFRS 2IFRS 5IAS 8IAS 1IAS 7IAS 17IAS 18IAS 36IAS 38IAS 39IFRIC 9IFRIC 16Subject of the AmendmentAmendments that result in accounting changes for presentation,recognition and measurement purposesScope of IFRS 2 and IFRS 3 Revised.Disclosures of non-current classified as held-for-sale and discontinuedoperationsDisclosure of information about segment assets.Current/non-current classification of convertible instrumentsClassification of expenditures on unrecognised assets.Classification of leases of land and buildings.Determining whether an entity is acting as a principal or as an agent.Unit of accounting for goodwill impairment test.Additional consequential amendments arising from IFRS 3 Revised.Measuring the fair value of an intangible asset acquired in a businesscombination.Assessment of loan repayment penalties as embedded derivatives. Scopeexemption for business combination contracts. Cash flow hedgeaccounting.Scope of IFRIC 9 and IFRS 3 RevisedAmendment on the restriction on the entity that can hold hedginginstruments.35