| |
The standards and amendments to standards listed below were adopted, effective 1 April 2022, and did not have a material impact on the Group:
| Consideration |
|
Effective date |
IFRS 3 (Business Combinations)
Reference to the conceptual framework |
|
Annual periods beginning on or after 1 January 2022 |
| IFRS 16 (Leases) Amendments to illustrative example 13 that accompanies IFRS 16 to remove the illustration of payments from the lessor relating to leasehold improvements |
|
Annual periods beginning on or after 1 January 2022 |
| IFRS 9 (Financial Instruments) Fees in the "10 percent" test for derecognition of financial liabilities |
|
Annual periods beginning on or after 1 January 2022 |
| IAS 16 (Property, Plant and Equipment) Proceeds before intended use |
|
Annual periods beginning on or after 1 January 2022 |
| IAS 37 (Provisions, Contingent Liabilities and Contingent Assets) Onerous Contracts – Costs of Fulfilling a Contract |
|
Annual periods beginning on or after 1 January 2022 |
The standards and amendments listed below will be effective in
future reporting periods. It is expected that the Group will adopt the
pronouncements on their respective effective dates. With the exception
of IFRS 17, the amendments are not expected to have a material impact.
IFRS 17 (Insurance Contracts)
Telkom will adopt IFRS 17 with effect from 1 April 2023. Telkom is in
the process of performing an impact assessment for the cell captives
held. The impact assessment is at its final stages, however, based on
the work performed to date, the impact is expected not to be material.
| Consideration |
|
Effective date |
IFRS 17 (Insurance Contracts) |
|
Annual periods beginning on or after 1 January 2023 |
| IFRS 17 (Insurance Contracts) Amendments to address concerns and implementation challenges that were identified after IFRS 17 was published (includes a deferral of the effective date to annual periods beginning on or after 1 January 2023) |
|
Annual periods beginning on or after 1 January 2023 |
| IAS 1 (Presentation of Financial Statements) Amendments regarding the classification of liabilities |
|
Annual periods beginning on or after 1 January 2023 |
| IAS 1 (Presentation of Financial Statements) Amendments regarding the disclosure of accounting policies |
|
Annual periods beginning on or after 1 January 2023 |
| IAS 12 (Income Taxes) Amendments regarding deferred tax related to assets and liabilities arising from a single transaction |
|
Annual periods beginning on or after 1 January 2023 |
| IAS 8 (Accounting Policies, Changes in Accounting Estimates and Errors) Definition of accounting estimate |
|
Annual periods beginning on or after 1 January 2023 |
| IFRS 16 (Leases) Amendments to IFRS 16 regarding Lease Liability in a Sale and Leaseback were issued by the IASB with amendments that clarify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale |
|
Annual periods beginning on or after 1 April 2024 |
|
