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80 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESGUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2024(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)2. Material accounting policy information (continued)iii) Changes in accounting policies and disclosures (continued)New and amended standards and interpretations (continued)Supplier Finance Arrangements - Amendments to IAS 7 and IFRS 7 The amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity%u2019s liabilities, cash flows and exposure to liquidity risk. The amendments had no impact on the Group%u2019s financial statements. Standards issued but not yet effective The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group%u2019s financial statements are disclosed below. The Group is currently assessing the potential impact of these new standards and interpretations and will adopt them when they become effective.%u2022 Lack of exchangeability %u2013 Amendments to IAS 21 %u2013 Effective 1 January 2025%u2022 Amendments to IFRS 9 and IFRS 7: Classification and Measurement of Financial Instruments %u2013 effective 1 January 2026%u2022 Amendments to IFRS 9 and IFRS 7: Power Purchase Agreements %u2013 effective 1 January 2026%u2022 IFRS 18 Presentation and Disclosure in Financial Statements: Replaces IAS 1 Presentation of Financial Statements %u2013Effective 1 January 2027%u2022 IFRS 19 Subsidiaries without Public Accountability: Disclosures %u2013 Effective 1 January 2027