Page 71 - GMT and GMT Bond Issuer Annual Report 2017 v2
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GENERAL
Changes in accounting policy
There have been no changes in accounting policies made during the nancial year.
INFORMATION
New accounting standards not yet effective
continued
For the year ended 31 March 2017
NZ IFRS 9
Financial Instruments
This standard will eventually replace NZ IAS 39 Financial Instruments - Recognition and Measurement. It addresses the classi cation, measurement and recognition of nancial assets and nancial liabilities, through a simpli ed mixed measurement model. It is required to be adopted in the nancial statements for the year ending 31 March 2019.
The Company has assessed the impact of this standard and no signi cant changes are expected to the recognition and reporting of nancial instruments compared to existing accounting policies.
The following new standards, amendments to existing standards and interpretations expected to have an impact on the Company have not been early adopted in these nancial statements:
GMT BOND ISSUER LIMITED ANNUAL REPORT 2017 FINANCIAL STATEMENTS
69 GENERAL INFORMATION
