(2)On 18 July 2024, the International Accounting Standards Board (‘IASB’) issued the Annual Improvements to IFRS Accounting Standards – Volume 11 in the framework of its regular improvement process. The annual improvements aim at streamlining and clarifying existing standards. The objective of the annual improvements is to address non-urgent but necessary issues discussed by the IASB during the project cycle on areas of inconsistency in IFRS Accounting Standards, or where clarification of wording is required.