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AEMULUS HOLDINGS BERHAD
A N N U A L R E P O R T 2 0 1 6
NOTES TO THE FINANCIAL STATEMENTS
(Cont’d)
– 30 SEPTEMBER 2016
2. BASIS OF PREPARATION (Cont’d)
2.2 Basis of Measurement (Cont’d)
All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised
within the fair value hierarchy, described as follows, based on the lowest level input that is significant to their fair
value measurement as a whole:
- Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
- Level 2 - Valuation techniques for which the lowest level input that is significant to their fair value measurement
is directly or indirectly observable.
- Level 3 - Valuation techniques for which the lowest level input that is significant to their fair value measurement
is unobservable.
2.3 Functional and Presentation Currency
The financial statements are presented in Ringgit Malaysia (“RM”) which is also the Group and the Company’s
functional currency.
2.4 Standards Issued But Not Yet Effective
The Group and the Company have not applied the following standards that have been issued by the Malaysian
Accounting Standards Board (“MASB”) but are not yet effective for the Group and for the Company:
Effective for financial periods beginning on or after 1 January 2016
MFRS 14 Regulatory Deferral Accounts
Amendments to MFRS 10, MFRS 12 and MFRS 128 Investment Entities: Applying the Consolidation Exception
Amendments to MFRS 11 Accounting for Acquisitions of Interests in Joint Operations
Amendments to MFRS 101 Disclosure Initiative
Amendments to MFRS 116 and MFRS 138 Clarification of Acceptable Methods of Depreciation and Amortisation
Amendments to MFRS 116 and MFRS 141 Agriculture: Bearer Plants
Amendments to MFRS 127 Equity Method in Separate Financial Statements
Annual Improvements to MFRS 2012 – 2014 Cycle
Effective for financial periods beginning on or after 1 January 2017
Amendments to MFRS 107 Disclosure Initiative
Amendments to MFRS 112 Recognition of Deferred Tax Assets for Unrealised Losses
Amendments to MFRS 12 Disclosure of Interests in Other Entities (under Annual Improvements to MFRS Standards
2014 – 2016 Cycle)
Effective for financial periods beginning on or after 1 January 2018
MFRS 9 Financial Instruments (IFRS 9 issued by IASB in July 2014)
MFRS 15 Revenue from Contracts with Customers
Amendments to MFRS 2 Classification and Measurement of Share – based Payments Transactions
Amendments to MFRS 7 Mandatory Date of MFRS 9 and Transition Disclosures
Amendments to MFRS 4 Insurance Contracts: Applying MFRS 9 Financial Instruments with MFRS 4 Insurance
Contracts
Amendments to MFRS 140 Investment Property: Transfers of Investment Property
Annual Improvements to MFRS Standards 2014 – 2016 Cycle (except for Amendments to MFRS 12 Disclosure of
Interests in Other Entities)
IC Interpretation 22 Foreign Currency Transactions and Advance Consideration
Effective for financial periods beginning on or after 1 January 2019
MFRS 16 Leases