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JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Notes to the Annual Financial Statements
- Continued
Annual Financial Statements for the 15 months ended 30 September 2011
2010 Annual Improvements Project: Amendments to
IAS 1 Presentation of Financial Statements
The amendment now requires that an entity must pres-
ent, either in the consolidated statement of changes in
equity or in the notes, an analysis of other comprehensive
income by item.
The effective date of the amendment is for years begin-
ning on or after 01 January 2011.
The group expects to adopt the amendment for the first
time in the 2012 annual financial statements.
It is unlikely that the amendment will have a material
impact on the company’s annual financial statements.
2010 Improvements project: Amendments to IFRS 3,
Business combinations
Amendment to transition requirements for contingent
consideration from a business combination that occurred
before the effective date of the revised IFRS.
Clarification on the measurement of non-controlling in-
terests.
Additional guidance provided on un-replaced and volun-
tarily replaced share-based payment awards.
The effective date of the amendment is for years begin-
ning on or after 01 January 2011.
The group expects to adopt the amendment for the first
time in the 2012 annual financial statements.
It is unlikely that the amendment will have a material im-
pact on the company’s annual financial statements.
2010 Improvements project: Amendments to IFRS 7,
Financial instruments: disclosure
Amendment clarifies the intended interaction between
qualitative and quantitative disclosures of the nature and
extent of risks arising from financial instruments and re-
moved some disclosure items which were seen to be su-
perfluous or misleading.
The effective date of the amendment is for years begin-
ning on or after 01 January 2011.
The group expects to adopt the amendment for the first
time in the 2012 annual financial statements. It is unlikely
that the amendment will have a material impact on the
company’s annual financial statements.
2010 Improvements project: Amendments to IAS 1,
Presentation of Financial Statements
Clarification of statement of changes in equity.
The effective date of the amendment is for years begin-
ning on or after 01 January 2011.
The group expects to adopt the amendment for the first
time in the 2012 annual financial statements. It is unlikely
that the amendment will have a material impact on the
company’s annual financial statements.
IAS 32 Financial Instruments: Presentation Amend-
ment: Classification of Rights Issues
The amendment provides that rights, options or warrants
to acquire a fixed number of the entity’s own equity in-
struments for a fixed amount of any currency are equity
instruments if the entity offers the rights, options or war-
rants pro rata to all of its existing owners of the same class
of its own non-derivative equity instruments.
The effective date of the amendment is for years begin-
ning on or after 01 February 2010.
The group has adopted the amendment for the first time
in the 2011 annual financial statements.
The impact of the amendment is not material.