2016 CPC

IFRS 14 "Regulatory Deferral Accounts"

IFRS 15 "Revenue from Contracts with Customers"

IFRS 16 "Leases"

Amendment to IAS 1 "Disclosure Initiative"

Amendment to IAS 7 "Disclosure Initiative"

Amendments to IAS 12 "Recognition of Deferred Tax Assets for

Unrealized Losses"

Amendments to IAS 16 and IAS 38 "Clarification of Acceptable

Methods of Depreciation and Amortization"

Amendments to IAS 16 and IAS 41 "Agriculture: Bearer Plants"

Amendment to IAS 19 "Defined Benefit Plans: Employee

Contributions"

Amendment to IAS 27 "Equity Method in Separate Financial

Statements"

Amendment to IAS 36 "Impairment of Assets: Recoverable

Amount Disclosures for Non-financial Assets"

Amendment to IAS 39 "Novation of Derivatives and

Continuation of Hedge Accounting"

IFRIC 21 "Levies"

Note 1: Unless stated otherwise, the above New IFRSs are effective for annual periods beginning on or after their respective effective dates.

Note 2: The amendment to IFRS 2 applies to share-based payment transactions with grant date on or after July 1, 2014; the amendment to IFRS 3 applies to

business combinations with acquisition date on or after July 1, 2014; the amendment to IFRS 13 is effective immediately; the remaining amendments are

effective for annual periods beginning on or after July 1, 2014.

Note 3: The amendment to IFRS 5 is applied prospectively to changes in a method of disposal that occur in annual periods beginning on or after January 1, 2016;

the remaining amendments are effective for annual periods beginning on or after January 1, 2016.

January 1, 2016

January 1, 2018

January 1, 2019

January 1, 2016

January 1, 2017

January 1, 2016

July 1, 2014

January 1, 2016

January 1, 2014

New IFRSs

Effective Date Announced by IASB

The initial application of the above New IFRSs, whenever applied, would not have any material impact on the Corporation's

accounting policies, except for the following:

1) IFRS 9 "Financial Instruments"

Recognition and measurement of nancial assets

With regards to financial assets, all recognized financial assets that are within the scope of IAS 39 "Financial Instruments:

Recognition and Measurement"are subsequently measured at amortized cost or fair value. Under IFRS 9, the requirement

for the classification of financial assets is stated below.

For the Corporation's debt instruments that have contractual cash flows that are solely payments of principal and interest on

the principal amount outstanding, their classification and measurement are as follows:

For the Corporation's debt instruments that have contractual cash flows that are solely payments of principal and interest on

the principal amount outstanding, their classification and measurement are as follows:

a. For debt instruments, if they are held within a business model whose objective is to collect the contractual cash flows,

the financial assets are measured at amortized cost and are assessed for impairment continuously with impairment loss

recognized in profit or loss, if any. Interest revenue is recognized in profit or loss by using the effective interest method;

b. For debt instruments, if they are held within a business model whose objective is achieved by both the collecting of contractual

cash flows and the selling of financial assets, the financial assets are measured at fair value through other comprehensive income

(FVTOCI) and are assessed for impairment. Interest revenue is recognized in profit or loss by using the effective interest method,

and other gain or loss shall be recognized in other comprehensive income, except for impairment gains or losses and foreign

exchange gains and losses. When the debt instruments are derecognized or reclassified, the cumulative gain or loss previously

recognized in other comprehensive income is reclassified from equity to profit or loss.

Except for above, all other financial assets are measured at fair value through profit or loss. However, the Corporation may

make an irrevocable election to present subsequent changes in the fair value of an equity investment (that is not held for

trading) in other comprehensive income, with only dividend income generally recognized in profit or loss. No subsequent

impairment assessment is required, and the cumulative gain or loss previously recognized in other comprehensive income

cannot be reclassified from equity to profit or loss.

Financial Statement