192 / 204
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 Statement of Comprehensive Income
For the year ended 31 March 2018
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
Revenue
284,646
-
-
-
284,646
Cost of sales
(169,230)
-
-
(791)
(170,021)
Gross profit
115,416
-
-
(791)
114,625
Other income
8,685
-
-
-
8,685
Other items of expense
Administrative expenses
(33,926)
-
-
-
(33,926)
Selling and marketing
expenses
(9,235)
-
-
-
(9,235)
Other operating (income)/
expenses
(19,223)
-
(1,547)
-
(20,770)
Finance cost
(110)
-
-
-
(110)
Share of results from associate
1,696
-
-
-
1,696
Profit before tax
63,303
-
(1,547)
(791)
60,965
Income tax expense
(21,092)
-
-
201
(20,891)
Profit net of tax
42,211
-
(1,547)
(590)
40,074
Other comprehensive income/
expense, net of tax
Item that will not be
subsequently reclassified to
profit or loss
Remeasurement of defined
benefit liability
(36)
-
-
-
(36)
Item that will be subsequently
reclassified to profit or loss
Foreign currency translation
gain/(loss)
(13,578)
-
(289)
-
(13,867)
Total comprehensive income
for the year
28,597
-
(1,547)
(879)
26,171
Profit attributable to:
Equity holders of the Company
36,110
-
(1,547)
(441)
34,122
Non-controlling interest
6,101
-
-
(149)
5,952
Profit for the year
42,211
-
(1,547)
(590)
40,074
188
Fima Corporation Berhad
(21185-P)
Annual Report 2019