Frontken Berhad Annual Report 2018

63 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 3. SIGNIFICANT ACCOUNTING POLICIES (CONT’D) Income Taxes (Cont’d) RR -NON[[NM ]Ja -NON[[NM ]Ja J[N [NLXPWR\NM ^\RWP ]QN URJKRUR]b VN]QXM OX[ JUU ]NVYX[J[b MROON[NWLN\ X]QN[ ]QJW ]QX\N ]QJ] J[R\N O[XV goodwill or from the initial recognition of an asset or liability in a transaction which is not a business combination JWM J] ]QN ]RVN XO ]QN ][JW\JL]RXW JOONL]\ WNR]QN[ JLLX^W]RWP Y[X࠰] WX[ ]JaJKUN Y[X࠰] -NON[[NM ]Ja J\\N]\ JWM URJKRUR]RN\ J[N VNJ\^[NM J] ]QN ]Ja [J]N\ ]QJ] J[N NaYNL]NM ]X JYYUb RW ]QN YN[RXM `QNW ]QN J\\N] R\ [NJUR\NM X[ ]QN URJKRUR]b R\ \N]]UNM KJ\NM XW ]QN ]Ja [J]N\ ]QJ] QJ_N KNNW NWJL]NM X[ \^K\]JW]R_NUb NWJL]NM J] ]QN NWM XO ]QN [NYX[]RWP YN[RXM -NON[[NM ]Ja J\\N]\ J[N [NLXPWR\NM OX[ JUU MNM^L]RKUN ]NVYX[J[b MROON[NWLN\ ^W^\NM ]Ja UX\\N\ JWM ^W^\NM ]Ja L[NMR]\ ]X ]QN Na]NW] ]QJ] R] R\ Y[XKJKUN ]QJ] O^]^[N ]JaJKUN Y[X࠰]\ `RUU KN J_JRUJKUN JPJRW\] `QRLQ ]QN MNM^L]RKUN ]NVYX[J[b MROON[NWLN\ ^W^\NM ]Ja UX\\N\ JWM ^W^\NM ]Ja L[NMR]\ LJW KN ^]RUR\NM =QN LJ[[bRWP JVX^W]\ XO MNON[[NM ]Ja J\\N]\ J[N [N_RN`NM J] ]QN NWM XO NJLQ [NYX[]RWP YN[RXM JWM [NM^LNM ]X ]QN Na]NW] ]QJ] R] R\ WX UXWPN[ Y[XKJKUN ]QJ] ]QN [NUJ]NM ]Ja KNWN࠰]\ `RUU KN [NJUR\NM ,^[[NW] JWM MNON[[NM ]Ja R]NV\ J[N [NLXPWR\NM RW LX[[NUJ]RXW ]X ]QN ^WMN[UbRWP ][JW\JL]RXW\ NR]QN[ RW Y[X࠰] X[ UX\\ X]QN[ LXVY[NQNW\R_N RWLXVN X[ MR[NL]Ub RW NZ^R]b -NON[[NM ]Ja J[R\RWP O[XV J K^\RWN\\ LXVKRWJ]RXW R\ JMS^\]NM JPJRW\] PXXM`RUU X[ WNPJ]R_N PXXM`RUU ,^[[NW] ]Ja J\\N]\ JWM URJKRUR]RN\ X[ MNON[[NM ]Ja J\\N]\ JWM URJKRUR]RN\ J[N XOO\N] `QNW ]QN[N R\ J UNPJUUb NWOX[LNJKUN [RPQ] ]X \N] XOO L^[[NW] ]Ja J\\N]\ JPJRW\] L^[[NW] ]Ja URJKRUR]RN\ JWM `QNW ]QN MNON[[NM ]JaN\ [NUJ]N ]X ]QN \JVN ]JaJKUN NW]R]b X[ XW MROON[NW] ]Ja NW]R]RN\ K^] ]QNb RW]NWM ]X \N]]UN L^[[NW] ]Ja J\\N]\ JWM URJKRUR]RN\ XW J WN] KJ\R\ JWM ]QN \JVN ]JaJ]RXW J^]QX[R]b RRR 0XXM\ JWM \N[_RLN\ ]Ja ۷0<=۸ ;N_NW^N\ NaYNW\N\ JWM J\\N]\ J[N [NLXPWR\NM WN] XO 0<= NaLNY] OX[ ]QN 0<= RW J Y^[LQJ\N XO J\\N]\ X[ \N[_RLN\ `QRLQ J[N WX] [NLX_N[JKUN O[XV ]QN ]JaJ]RXW J^]QX[R]RN\ ]QN 0<= J[N RWLU^MNM J\ YJ[] XO ]QN LX\]\ XO ]QN J\\N]\ JLZ^R[NM X[ J\ YJ[] XO ]QN NaYNW\N R]NV `QRLQN_N[ R\ JYYURLJKUN 2W JMMR]RXW [NLNR_JKUN\ JWM YJbJKUN\ J[N JU\X \]J]NM `R]Q ]QN JVX^W] XO 0<= RWLU^MNM `QN[N JYYURLJKUN =QN WN] JVX^W] XO ]QN 0<= [NLX_N[JKUN O[XV X[ YJbJKUN ]X ]QN ]JaJ]RXW J^]QX[R]RN\ J] ]QN NWM XO ]QN [NYX[]RWP YN[RXM R\ RWLU^MNM RW X]QN[ [NLNR_JKUN\ X[ X]QN[ YJbJKUN\ Government Grants Grants from the government are recognised initially as deferred income at their fair value where there is reasonable J\\^[JWLN ]QJ] ]QN P[JW] `RUU KN [NLNR_NM JWM ]QN 0[X^Y `RUU LXVYUb `R]Q JUU J]]JLQNM LXWMR]RXW\ 0[JW]\ ]QJ] LXVYNW\J]N ]QN 0[X^Y OX[ NaYNW\N\ RWL^[[NM J[N [NLXPWR\NM RW Y[X࠰] X[ UX\\ X_N[ ]QN YN[RXM\ WNLN\\J[b ]X VJ]LQ ]QN P[JW]\ `R]Q ]QN [NUJ]NM NaYNW\N\ `QRLQ ]QNb J[N RW]NWMNM ]X LXVYNW\J]N OX[ =QN\N P[JW]\ J[N Y[N\NW]NM J\ X]QN[ RWLXVN RW Y[X࠰] X[ UX\\ X[ J MNM^L]RXW RW [NYX[]RWP ]QN [NUJ]NM NaYNW\N\ RW Y[X࠰] X[ UX\\ Borrowing Costs +X[[X`RWP LX\]\ ]QJ] J[N MR[NL]Ub J]][RK^]JKUN ]X ]QN JLZ^R\R]RXW LXW\][^L]RXW X[ Y[XM^L]RXW XO J Z^JURObRWP J\\N] J[N LJYR]JUR\NM J\ YJ[] XO ]QN LX\] XO ]QX\N J\\N]\ ^W]RU \^LQ ]RVN J\ ]QN J\\N]\ J[N [NJMb OX[ ]QNR[ RW]NWMNM ^\N X[ \JUN =QN LJYR]JUR\J]RXW XO KX[[X`RWP LX\]\ R\ \^\YNWMNM M^[RWP Na]NWMNM YN[RXM\ RW `QRLQ JL]R_N MN_NUXYVNW] R\ RW]N[[^Y]NM *UU X]QN[ KX[[X`RWP LX\]\ J[N [NLXPWR\NM RW Y[X࠰] X[ UX\\ J\ NaYNW\N\ RW ]QN YN[RXM RW `QRLQ ]QNb J[N RWL^[[NM Notes To The Financial Statements (cont’d)