Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended December 31, 2019

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended December 31, 2019

61 Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended December 31, 2019

Up to the date of issue of these financial statements, the IASB has issued a number of amendments, new standards and interpretations which are not yet effective for the year ended December 31, 2019 and which have not been adopted in these financial statements. These include the following which may be relevant to the Group.

	Effective for accounting periods beginning on or after
Amendments to IFRS 3, Definition of a business		January 1, 2020
Amendments to IAS 1 and IAS 8, Definition of material		January 1, 2020

The Group is in the process of making an assessment of what the impact of these developments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the consolidated financial statements.