Notification on amendments to the Thai Financial Reporting Standards

TFRS 1, “First-time Adoption of Thai Financial Reporting Standards”

• This standard is translated based on the bound volume of International Financial Reporting Standards (Bound Volume 2021 Consolidated without early application). The amendments affect:

1. Paragraphs 29 and 29 (a) related to the designation of financial assets or financial liabilities;
2. Appendix B, “Exceptions to the retroactive application of other TFRS”, related to derecognition of financial assets and financial liabilities, hedge accounting, non-controlling interests and the classification and measurement of financial instruments; and
3. Appendix D, “Exemptions from other TFRS”, related to compound financial instruments, the designation of previously recognized financial instruments, and the fair-value measurement of financial assets or financial liabilities at initial recognition, respectively.

TFRS 6, “Exploration for and Evaluation of Mineral Resources”

• This standard is translated based on the bound volume of International Financial Reporting Standards (Bound Volume 2021 Consolidated without early application).  
• Nothing has been amended in this standard.