Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 700

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 700
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 Co., Ltd (“ SHTCML”).

These consolidated financial statements are presented in United States dollars (“ US$”), unless otherwise stated and have been approved for issue by the Company’s Board of Directors on March 19, 2025.

2. Summary of Accounting Policies

The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (“ IFRS Accounting Standards”) as issued by the International Accounting Standards Board (“ IASB”) and interpretations issued by the IFRS Interpretations Committee applicable to companies reporting under IFRS Accounting Standards. These consolidated financial statements have been prepared under the historical cost convention.

During the year, the Group has adopted all of the new and revised standards, amendments and interpretations issued by the IASB that are relevant to the Group’s operations and mandatory for annual periods beginning January 1, 2024. The adoption of these new and revised standards, amendments and interpretations did not have any material effects on the Group’s results of operations or financial position.

The following standards, amendments and interpretations were issued but not yet effective for the financial year ended December 31, 2024 and have not been early adopted by the Group:

  IAS 21 (Amendments) (1)                            Lack of Exchangeability                                                                
  IFRS 9 and IFRS 7 (Amendments) (2)                 Classification and Measurement of Financial Instruments                                
  IFRS 9 and IFRS 7 (Amendments) (2)                 Contracts Referencing Nature-dependent Electricity                                     
  IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7 (2)      Annual Improvements to IFRS Accounting Standards — Volume 11                           
  IFRS 18 (3)                                        Presentation and Disclosure in Financial Statements                                    
  IFRS 19 (3)                                        Subsidiaries without Public Accountability: Disclosures                                
  IFRS 10 and IAS 28 (Amendments) (4)                Sale or Contribution of Assets between an Investor and its Associate or Joint Venture  

(1)Effective for the Group for annual periods beginning on or after 1 January 2025.

(2)Effective for the Group for annual periods beginning on or after 1 January 2026.

(3)Effective for the Group for annual periods beginning on or after 1 January 2027.

(4)Effective date to be determined.

The adoption of standards