Version 16 - February 2025 (template release)
Template release pack
This release focuses on the legislative content changes, features and correction updates for the period ending December 2024. The template is available on platform 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, and 6.32.9713.
Release notes
- Period end: December 2024
- Update type: Major legislative feature changes and corrections
Overview
Key legislative updates include:
- Lease Liability in a Sale and Leaseback - Amendments to MFRS 16
- Supplier Finance Arrangements - Amendments to MFRS 107 Statement of Cash Flows and MFRS 7 Financial Instruments
- Lack of Exchangeability – Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates
- MFRS 18 Presentation and Disclosure in Financial Statements
- MFRS 19 Subsidiaries without Public Accountability
We created additional folders to store dated content at the bottom of each folder level of the annual report and the category structure. Review these elements and create duplicates to retain them if needed.
Legislative updates
For detailed and specific changes, refer to the document named
MY.CT (02.2025) (P 6.28.9259 C 16.0 - Content Change List (Full Version))
, which contains the complete list of content updates.Legislative
Accounting Reference Number | Details |
|---|---|
MFRS 16 | Lease Liability in a Sale and Leaseback - Amendments to MFRS 16 |
MFRS 101 | Classification of Liabilities as Current or Non-current Liabilities with Covenants - Amendments to MFRS 101 |
MFRS 107 | Supplier Finance Arrangements - Amendments to MFRS 107 |
MFRS 121 | Lack of Exchangeability – Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates |
MFRS 9 | Classification and Measurement of Financial Instruments – Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments |
MFRS 18 | Presentation and Disclosure in Financial Statements - Amendments to MFRS 18 |
MFRS 19 | Subsidiaries without Public Accountability - Amendments to MFRS 19 |
Corrections
Reference Number | Action Taken | Details |
|---|---|---|
2570340 | Renamed content retention folder | We renamed the old Content Retention Folder under NLUC Categories to “Pre 2024 [to be reviewed for deletion YE 2029].”  |
2570340 | Created new folder | We created a folder called “Pre 2024 [to be deleted YE 2029]” at the bottom of that level of the tree structure to keep our content clean. The old content will be deleted in 5 years.  |
2570340 | Added content retainment instruction | We added content retainment instruction into the newly added folder to guide users on how to keep their content if they want. |
Features
Item ID 2672954: Wording adjustments to disclosure emphasis on removing outdated content
We adjusted the wording of the folder and paragraphs to remove outdated content related to feature ID 188, Disclosure Emphasis on Removing Outdated Content.
Content changes
Item ID | Title | Action Taken |
|---|---|---|
2672905 | Legislative changes to Single Entity Significant accounting judgements, revenue from contracts with customers, capital management, Business combinations and acquisition of non-controlling interests and Interest in a joint venture. | We updated IFRS-related legislative changes from note 3 to note 9 for the single entity. |
2672907 | Legislative changes to Single Entity Appendix 6. | We updated Pillar Two rules contents in the Appendix for the single entity. |
2672911 | Legislative changes to Consolidated Entity Appendix 4, 5 and 6. | We updated Appendix 4, 5, and 6 as per IFRS legislation changes and added the "Illustrative disclosure about Pillar Two taxes" folder above the GAAP overlay. |
2672909 | Legislative changes to Consolidated Entity Significant accounting judgements, Revenue from contracts with customers, capital management, Business combinations, and acquisition of non-controlling interests and Interest in a joint venture. | We updated contents from note 3 to note 9 for the consolidated entity as per IFRS legislative changes. |
2672910 | Legislative changes to Consolidated Entity Discontinued operations, Income tax, Goodwill, Financial assets and financial liabilities, Trade and other payables and Leases. | We updated contents from note 13 to note 30 for the consolidated entity as per IFRS legislative changes. We added the variables called CGU3 and CGU4 in note 18 "Goodwill and intangible assets with indefinite useful lives" folder level to allow users to insert descriptions. |
2672904 | Legislative changes to the Single Entity Primary Statements. | We updated primary statements for the single entity as per IFRS legislative changes. |
2672906 | Legislative changes to Single Entity Discontinued operations, Income tax, Financial assets and financial liabilities, Trade and other payables and Leases. | We updated contents from note 13 to note 30 for the single entity as per IFRS legislative changes. In note 13 "Discontinued operations," we added a new line called "Gain/(loss) on equity instruments designated at fair value included in OCI," where "Gain" shows if the value is positive and "Loss" shows if the value is negative. |
2672908 | Legislative changes to the Consolidated Entity Primary Statements. | We updated primary statements for the consolidated entity as per IFRS legislative changes. |
2767415 | Legislative local changes - Note 1-10 Note 7 Business combinations and acquisition of non-controlling interests Note 8 Partly-owned subsidiaries. | For the single entity, Note 7 Business combinations and acquisition of non-controlling interests and Note 8 Partly-owned subsidiaries are not applicable. We updated the display condition to "ShowConsol". |
2673465 | Legislative changes to the Consolidated Entity Accounting Policies. | We updated note 2 as per IFRS and Malaysia publication. We moved old accounting standards to Pre 2024 [to be reviewed for deletion YE 2029] and added new accounting standards, and inserted IFRS publication information. |
2673464 | Legislative changes to the Single Entity Accounting Policies. | We updated note 2 as per IFRS and Malaysia publication. We moved old accounting standards to Pre 2024 [to be reviewed for deletion YE 2029] and added new accounting standards, and inserted IFRS publication information. |
2767451 | Legislative local changes - Note 11-15 Consol Note 12 Other income/expenses. | We changed the line item as per MY IN 12.6 Depreciation, amortisation, lease payments, foreign exchange differences, and costs of inventories. We added a new category for Interest income on a loan to a joint venture in Finance income. We edited the line item in 12.9 Administrative expense as per MY. For Note 14 Income tax, we updated the total narrative in the table. For the single entity, in Note 11 Fair value measurement, we updated as per publication. In Note 12 Other income/expenses, we changed the line item as per MY IN 12.6, added a new category for Interest income on a loan to a joint venture in Finance income, moved the unused category Cost of WEEE to NLUC, and edited the line item in 12.9 Administrative expense as per MY. In Note 14 Income tax, we updated the total narrative in the table. |
2767465 | Legislative local changes - Note 16-20 Note 16 Intangible assets and goodwill Note 17 Financial assets and financial liabilities Note 19 Trade receivables and contract assets. | We updated the legislative changes for the single entity in Note 16, 17, and 19. The consolidated entity has no changes. |
2767466 | Legislative local changes - Note 21-25 Note 22 Issued capital and reserves Note 23 Distributions made and proposed Note 24 Provisions. | We updated the legislative changes for the single entity in Note 22, 23, and 24. The consolidated entity has no changes. |
2673459 | Legislative changes to Consolidated Entity Standards issued but not yet effective. | We updated the legislative changes in the consolidated entity accounting policies note as per model content. |
2673461 | Legislative changes to Single Entity Standards issued but not yet effective. | We updated the legislative changes to the Single Entity Standards issued but not yet effective note as per model content. |
2767470 | Appendix GAAP Overlay. | We implemented local legislative changes in the Appendix GAAP overlay as per the latest model content. |
Impact on existing clients
There are no impacts.
Deviations from standard configuration
There's no deviations.
Appendix
There's no appendix.
XBRL changes
There are no XBRL changes.
Additional information
- We will remove old content in 5 years.
- We have created additional folders to store dated content at the bottom of each folder level of the annual report and within the category structure. Review these elements and create duplicates if you need to retain them.
- We will review the “Pre 2024 [to be reviewed for deletion YE 2029]” folder for deletion in the next 5 years.
Known issues
- Grid column headings have a character limitation; they can take up to 60 characters only. Previously, we linked all column headers to the grid column. However, if a column header exceeds 60 characters, remove the link and input the complete heading manually.
- For users working on the 6.29.9459 platform, a display setting issue exists due to a platform error.
- Report elements set toNeveraren't functioning as intended; they still appear in both Preview and Design modes when viewing notes individually. However, they function correctly as expected when viewing the full report.
Related Content
-
Malaysia
Format:
Article