Notes to the Consolidated Financial Statements
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Information about significant management estimates and assumptions that have a risk of resulting in a significant adjustment is included in Note 3 as well as the following notes:
Estimated unbilled revenue (Note 5) Expected credit losses (Note 5) Fair value of financial and derivative instruments (Note 7) Useful lives and depreciation rates for right-of-use (ROU) assets (Note 9) Useful lives and amortization rates for intangible assets (Note 10) Useful lives and depreciation rates for property, plant and equipment (Note 11) Recoverable amount of non-financial assets (Note 11) Estimated unearned customer capital contributions (Note 14) Estimated lease liability (Note 15) Estimated future cost of decommissioning liabilities (Note 16) 3. Summary of Material Accounting Policy Information The accounting policies set out below have been applied consistently by the Corporation and its subsidiaries to all periods presented in the consolidated financial statements. a. Future changes in accounting policies New standards, amendments and interpretations that are not yet effective for the year ended March 31, 2026 have not been applied in preparing these consolidated financial statements. The Corporation is reviewing new and amended standards to determine their potential impact. IFRS 18, Presentation and Disclosure in Financial Statements IFRS 18 introduces new requirements for the presentation and disclosure of financial statements, including the introduction of new subtotals in the statement of profit or loss, enhanced principles for aggregation and disaggregation of items, and disclosure of management-defined performance measures. The standard is effective for annual reporting periods beginning on or after January 1, 2027. The Corporation intends to adopt IFRS 18 effective April 1, 2027. The Corporation is currently assessing the impact of adopting this standard on its consolidated financial statements. Amendments to IFRS 9, Financial Instruments and IFRS 7, Financial Instruments: Disclosures The IASB issued amendments to IFRS 9 and IFRS 7 to clarify requirements related to the classification and measurement of financial instruments, derecognition of financial liabilities, including those settled electronically, and related disclosure requirements. The amendments are effective for annual reporting periods beginning on or after January 1, 2026. The Corporation will adopt the amendments effective April 1, 2026. The Corporation is currently assessing the impact of adopting these amendments on its consolidated financial statements.
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