Initial Recognition of Deferred Tax Following Amendments to IAS 12

「Following the application of the May 2021 amendments to IAS 12, “Income Taxes,” which clarified the accounting treatment at initial recognition for transactions that give rise to equal taxable and deductible temporary differences at the transaction date, the Group changed its method to recognize deferred tax liabilities and deferred tax assets for those taxable and deductible temporary differences, respectively, in the condensed interim consolidated statement of financial position. The application of the standard had no material impact on the condensed interim consolidated financial statements.」

「Previously, the Group did not recognize deferred tax liabilities or deferred tax assets for temporary differences arising on the initial recognition of assets or liabilities in transactions other than business combinations that affected neither accounting nor taxable profit or loss. Following the application of the May 2021 amendments to IAS 12, “Income Taxes,” which clarified the accounting treatment at initial recognition for transactions that give rise to equal taxable and deductible temporary differences at the transaction date, the Group changed its method to recognize deferred tax liabilities and deferred tax assets for those taxable and deductible temporary differences, respectively, in the condensed interim consolidated statement of financial position. The application of the standard had no material impact on the condensed interim consolidated financial statements.」