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Notes To The
Financial Statements
As at 31 March 2019
39. Explanation of transition to MFRS (cont’d.)
The significant accounting policies adopted in preparing the financial statements are consistent with those of
the audited financial statement for the year ended 31 March 2018, except as discussed below: (cont’d.)
(b) Adoption of MFRS 9 Financial Instruments (cont’d.)
(i) Classification and measurement (cont’d.)
The following table shows the original measurement categories in accordance FRS 139 and the new
measurement categories under MFRS 9 for the Group’s and the Company’s financial assets as at 1
April 2018.
Original
classification
under
FRS 139
Original
carrying
amount
under
FRS 139
RM’000
New
classification
under
MRFS 9
New
carrying
amount
under
MFRS 9
RM’000
Group
Trade receivables
L&R
105,077
AC
103,530
Other receivables, excluding tax
recoverable, GST input tax and
prepayments
L&R
4,479
AC
4,479
Amount due from related
companies
L&R
28
AC
28
Cash and bank balances
L&R
165,596
AC
165,596
Short term cash investments
FVTPL
43,883
FVTPL
43,883
Company
Trade receivables
L&R
445
AC
445
Other receivables, excluding tax
recoverable, GST input tax and
prepayments
L&R
198
AC
198
Amount due from related
companies
L&R
45,174
AC
45,174
Cash and bank balances
L&R
3,316
AC
3,316
Short term cash investments
FVTPL
7,983
FVTPL
7,983
(ii) Impairment of financial assets
MFRS 9 also replaces the loss model in MFRS 139 with ECL model. Under MFRS 9, loss allowances will
be measured on either 12-months ECLs or lifetime ECLs.
financial
statements
185