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Amendments to IFRS – 2010-2012 cycle
is a collection of
minor improvements to six existing standards. This
collection, which becomes mandatory for the 2015
consolidated financial statements, is not expected to have
a material impact on the Group’s consolidated financial
statements.
Amendments to IFRS – 2011-2013 cycle
is a collection of
minor improvements to four existing standards. This
collection, which becomes mandatory for the 2015
consolidated financial statements, is not expected to have
a material impact on the Group’s consolidated financial
statements.
Amendments to IFRS – 2012-2014 cycle
is a collection of
minor improvements to four existing standards. This
collection, which becomes mandatory for the 2016
consolidated financial statements, is not expected to have
a material impact on the Group’s consolidated financial
statements. These changes have not yet been endorsed by
the EU.
Amendments to IAS 19 Employee benefits – defined
benefit plans: employee contributions
provides guidance
on the recognition of the gain or loss when accounting for
the sale or contribution of a subsidiary to an associate or
joint venture. The amendments which become mandatory
for the 2015 consolidated financial statements, are not
expected to have a material impact on the Group’s
consolidated financial statements.
Accounting for acquisitions of interests in joint operations
(amendments to IFRS 11)
determines that when an entity
acquires an interest in a joint operation that is a business,
as defined in IFRS 3, it shall apply all of the principles on
business combinations accounting in IFRS 3, and other
IFRSs, that do not conflict with the guidance in this IFRS.
The amendments which become mandatory for the
Group’s 2016 consolidated financial statements, are not
expected to have a material impact on the Group’s
consolidated financial statements. These amendments
have not yet been endorsed by the EU.
Sale or contribution of assets between an investor and its
associate or joint venture (amendments to IFRS 10 and
IAS 28)
provides guidelines with regard to the recognition
of results as a consequence of the sale or contribution of a
subsidiary to an associate or a joint venture. These
amendments, which must be applied to the consolidated
financial statements of 2016, are expected to have no
major impact on the consolidated financial statements of
the Group. These amendments have not yet been ratified
by the EU.
Clarification of Acceptable Methods of Depreciation and
Amortisation (Amendments to IAS 16 and IAS 38)
emphasizes that a depreciation method that is based on
revenue that is generated by an activity that includes the
use of an asset is not appropriate for property, plant and
equipment. For intangible assets, only in limited circum-
stances revenue-based amortization can be permitted.
The amendments which become mandatory for the 2016
consolidated financial statements, are not expected to
have a material impact on the Group’s consolidated
financial statements. These amendments have not yet
been endorsed by the EU.
There are no other standards or interpretations that are
not yet effective in 2014 and that could have a material
impact on the Group.
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KINEPOLIS GROUP
ANNUAL REPORT 2014