of the standard is mainly contributed by TNB Global Captive (L) Ltd., which provides reinsurance services. The adoption of MFRS 17 does not have a material impact on the consolidated financial statements and hence the prior period financial statements were not restated. Adjustments related to the changes in accounting policies and other relevant disclosures under MFRS 17 are detailed in Notes 17, 21, 23 and 31 of the financial statements. Amendments to MFRS 112 - Income Taxes Amendments to MFRS 112 Income Taxes on International Tax Reform - Pillar Two Model Rules give entities temporary relief from recognising and disclosing accounting for deferred taxes arising from the Organisation for Economic Co-operation and Development’s (‘OECD’) international tax reform and introduces targeted disclosure requirements to help investors better understand an entity’sexposure to income taxes arising from the reform, particularly before legislation implementing the rules is in effect. The Group applied temporary exception for the year ended 31 December 2023. The legislation will be effective for the Group’s financial year beginning 1 January 2024 in certain jurisdictions. The Group is in the process of assessing the potential exposure arising from Pillar Two legislation and expects to complete the assessment in the financial year ending 2024. (b) Amendments to the published standards that are applicable to the Group and the Company but not yet effective. Effective for financial year beginning on 1 January 2024: AmendmentstoMFRS107CashFlowStatementsand MFRS7FinancialInstruments:DisclosuresSupplierFinanceArrangements Amendments to MFRS 16 Leases Lease Liability in a Sale and Leaseback AmendmentstoMFRS101PresentationofFinancialStatementsClassificationofLiabilitiesasCurrentorNon-currentand Non-currentLiabilitieswithCovenants Effective for financial year beginning on 1 January 2025: AmendmentstoMFRS121TheEffectsofChangesin ForeignExchangeRatesLackofExchangeability Effective date deferred by Malaysian Accounting Standards Board: