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Notes To The
Financial Statements
As at 31 March 2019
39. Explanation of transition to MFRS (cont’d.)
The effects of transitioning from FRS to MFRS, adoptions of MFRS 9 and MFRS 141 are as follows: (cont’d.)
Reconciliation of Statements of Financial Position (cont’d.)
Previously
reported
under FRS
RM’000
Effects from
transition to
MFRS
RM’000
Effects from
adoption of
MFRS 9
RM’000
Effects from
adoption
of MFRS 141
RM’000
New carrying
amount
under MFRS
RM’000
Group (cont’d.)
As at 31 March 2018
Non-current assets
Property, plant and equipment
116,666
-
-
44,512
161,178
Biological assets
44,512
-
-
(44,512)
-
Current assets
Biological assets
-
-
-
2,145
2,145
Trade and other receivables
120,651
-
(1,547)
-
119,104
Equity
Other reserves
(15,238)
10,905
-
(231)
(4,564)
Retained earnings
443,801
(10,905)
(1,547)
1,523
432,872
Non-controlling interests
18,638
-
-
320
18,958
Non-current liability
Deferred tax liabilities
4,897
-
-
533
5,430
Company
As at 1 April 2017
Equity
Other reserves
2,095
(1,556)
-
-
539
Retained earnings
58,896
1,556
-
-
60,452
As at 31 March 2018
Equity
Other reserves
2,095
(1,556)
-
-
539
Retained earnings
72,553
1,556
-
-
74,109
financial
statements
187