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EN_Tipco_Annual Report 2014

TIPCO FOODS PUBLIC COMPANY LIMITED TSIC 27 (revised 2014) Evaluating the Substance of Transactions Involving the Legal Form of a Lease TSIC 29 (revised 2014) Service Concession Arrangements: Disclosure TSIC 31 (revised 2014) Revenue-Barter Transactions Involving Advertising Services TSIC 32 (revised 2014) Intangible Assets-Web Site Costs Financial Reporting Standard Interpretations TFRIC 1 (revised 2014) Changes in Existing Decommissioning, Restoration and Similar Liabilities TFRIC 4 (revised 2014) Determining whether an Arrangement contains a Lease TFRIC 5 (revised 2014) Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds TFRIC 7 (revised 2014) Applying the Restatement Approach under TAS 29 (revised 2014) Financial Reporting in Hyperinflationary Economies TFRIC 10 (revised 2014) Interim Financial Reporting and Impairment TFRIC 12 (revised 2014) Service Concession Arrangements TFRIC 13 (revised 2014) Customer Loyalty Programmes TFRIC 14 TAS 19 - The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction TFRIC 15 (revised 2014) Agreements for the Construction of Real Estate TFRIC 17 (revised 2014) Distributions of Non-cash Assets to Owners TFRIC 18 (revised 2014) Transfers of Assets from Customers TFRIC 20 Stripping Costs in the Production Phase of a Surface Mine 2.4.3. The Financial Reporting Standards which are effective for accounting periods beginning on or after January 1, 2016. Financial Reporting Standard TFRS 4 (revised 2014) Insurance Contracts The Company and its subsidiaries would not yet adopt the above standards before the effective date. The management of the Company and its subsidiaries will assess the impacts on the financial statements in the year when they are initially applied. 2.5. Preparation of financial statements in conformity with the Generally Accepted Accounting Principles, which requires management to make estimates and assumptions that affect the reported amounts of these interim financial statements. The actual results may differ from such estimates. PAGE 114/ 115


EN_Tipco_Annual Report 2014
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