NOTES TO THE FINANCIAL STATEMENTS
For The Financial Period From 1 January 2014 To 31 March 2015 (Cont’d)
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Datasonic Group Berhad
(Company No. 809759-X)
4.
SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
4.22 REVENUE AND OTHER INCOME
(a) Sale of Goods
Revenue is measured at fair value of the consideration received or receivable and is
recognised upon delivery of goods and customers’ acceptance and where applicable,
net of returns and trade discounts.
(b) Services
Revenue is recognised upon the rendering of services and when the outcome of the
transaction can be estimated reliably. In the event the outcome of the transaction could
not be estimated reliably, revenue is recognised to the extent of the expenses incurred
that are recoverable.
(c) Management Fee
Management fee is recognised on an accrual basis.
(d) Interest Income
Interest income is recognised on an accrual basis using the effective interest method.
(e) Deferred Income
Revenue invoiced in advance is deferred and recognised as revenue upon provision of
the service.
(f) Dividend Income
Dividend income from investment is recognised when the right to receive dividend
payment is established.
(g) Rental Income
Rental income is recognised on an accrual basis.
4.23 OPERATING LEASES
Leases in which the Group do not assume substantially all the risks and rewards of ownership are
classified as operating leases. Payments made under operating leases (net of any incentives
received from the lessor) are charged to profit or loss on a straight-line method over the lease
period.
Leasehold land which in substance is an operating lease is classified as prepaid lease payments
in the consolidated statement of financial position.