| 30. | ACCOUNTING STANDARDS AND INTERPRETATIONS TO BE ADOPTED IN FUTURE YEARS |
| International Financial Reporting Standards (IFRS) | |
| A number of new standards, amendments to standards and interpretations that are applicable to the Group with an effective date after the date of these financial statements, have not been applied in preparing these consolidated financial statements. These are listed below: | |
| IAS 19: Employee Benefits | |
| Amendments to the standard include measuring expected returns on plan assets based on rates used to discount the defined benefit, past service cost to be expensed when the plan amendment occurs whether or not they have vested and short- and long-term benefits will be distinguished based on expected timing of settlements, rather than employee entitlement. | |
| IFRS 9: Financial Instruments | |
| Principal change is the reduction from 4 classifications of financial assets (fair value through profit or loss, loans and receivables, held-to-maturity and those measured at amortised cost) to 2 (assets measured at fair value through profit or loss and those measured at amortised cost). The new standard reduces complexity. | |
| IFRS 10: Consolidated Financial Statements | |
| Introduces a single concept of control as determining factor in whether an entity should be included within the consolidated financial statements of the parent company and provides guidance on how to determine if control exists. | |
| IFRS 13: Fair Value Measurements | |
| Provides new guidance on fair value measurement and additional disclosure requirements. | |
| The other remaining standards, amendments and interpretations issued but not yet effective have been assessed for applicability to the Group and management has concluded that they are not expected to have a significant impact on future financial statements, but will result in enhanced disclosure. |