Page 50 - Demo

GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2. Signifcant accounting policies (continued)iii) Changes in accounting policies and disclosures (continued)Standards issued but not yet efective The standards and interpretations that are issued, but not yet efective, up to the date of issuance of the Group%u2019s fnancial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become efective.%u2022 Amendments to IAS 28 %u2013 Long-term Interests in Associates and Joint Ventures %u2013 Efective 1 January 2019%u2022 Amendments to IFRS 9 %u2013 Prepayment Features with Negative Compensation %u2013 Efective 1 January 2019%u2022 IFRS 16, %u2018Leases%u2019 %u2013 Efective 1 January 2019%u2022 IFRS 17, %u2018Insurance Contracts%u2019 - Efective 1 January 2021%u2022 IFRIC 23, %u2018Uncertainty over Income Tax Treatments%u2019 %u2013 Efective 1 January 2019%u2022 Amendments to IFRS 10 and IAS 28 - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture%u2022 Annual improvements to IFRS standards 2015 %u2013 2017 cycle, resulting in amendments to IFRS 3, IFRS 11, IAS 12 and IAS 23 - Efective 1 January 2019%u2022 Amendments to IAS 19 - Plan Amendment, Curtailment or Settlement - Efective 1 January 2019%u2022 Amendments to References in the Conceptual Framework in IFRS Standards - Efective 1 January 2020FINANCIAL REPORT 49