Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 94 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 2. MATERIAL ACCOUNTING POLICY INFORMATION (CONTINUED) 2.1 Basis of preparation (continued) (ii) Amendments to HKFRSs in issue but are not yet effective for the financial year beginning on 1 January 2023 and have not been early adopted by the Group Effective for annual periods beginning on or after Amendments to HKFRS 10 and HKAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture Note Amendments to HKFRS 16 Lease Liability in a Sale and Leaseback 1 January 2024 Amendments to HKAS 1 Classification of Liabilities as Current or Non-current and related amendments to Hong Kong Interpretation 5 (2020) 1 January 2024 Amendments to HKAS 1 Non-current Liabilities with Covenants 1 January 2024 Amendments to HKAS 7 and HKFRS 7 Supplier Finance Arrangements 1 January 2024 Amendments to HKAS 21 Lack of Exchangeability 1 January 2025 Note: Effective for annual periods beginning on or after a date to be determined. The directors of the Company anticipate that the application of the amendments to HKFRSs will have no material impact on the consolidated financial statements in the foreseeable future.